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S&P 500 Gains Amid Diminishing Recession Fears: Key Insights Ahead of Fed’s Jackson Hole Symposium | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Jul) USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks The S&P 500 advanced on Monday as concerns about a potential recession continued to diminish, setting the stage for a significant week with the Federal Reserve's release of July meeting minutes. Investors are also anticipating insights from Fed Chairman Jerome Powell at the Jackson Hole central bank symposium on Friday, which could offer clues on future monetary policy directions.
Markets Rally as S&P 500 Notches Best Week of 2024, Gold Hits Record High Amid Fed Uncertainty | Daily Market Analysis
Key events: USA - Fed Waller Speaks USA - US Leading Index (MoM) (Jul) The S&P 500 closed higher on Friday, marking its strongest week of the year as easing economic concerns spurred a wave of dip buying in stocks after recent market turbulence. The Dow Jones Industrial Average climbed 96 points, or 0.1%, while the S&P 500 and NASDAQ Composite each gained 0.2%.
Tech Stocks Drag S&P 500 Lower Amid Fed Meeting and Anticipated Big Tech Earnings | Daily Market Analysis
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Wall Street Surges Ahead of July 4: S&P 500 Hits Record Close Amid Rate Cut Hopes | Daily Market Analysis
Key events: USA - Independence Day Eurozone - ECB's Lane Speaks Eurozone - ECB McCaul Speaks The S&P 500 achieved another record close on Wednesday during a shortened trading session, as weaker economic data increased hopes for imminent rate cuts, just before the July 4 holiday. The S&P 500 rose 0.5% to a new closing high of 5,534.63. Meanwhile, the Dow Jones Industrial Average dipped by 24 points or 0.1%, and the NASDAQ Composite surged 0.8% to a fresh record close.
S&P 500 Surpasses 5,500 as Tesla Soars and Rate Cut Hopes Rise | Daily Market Analysis
Key events: USA - ADP Nonfarm Employment Change (Jun) USA - Initial Jobless Claims USA - S&P Global Services PMI (Jun) USA - ISM Non-Manufacturing PMI (Jun) USA - ISM Non-Manufacturing Prices (Jun) USA - Crude Oil Inventories USA - FOMC Meeting Minutes The S&P 500 closed above 5,500 for the first time ever on Tuesday, driven by a sharp rise in Tesla shares and optimism about potential rate cuts following Federal Reserve Chair Jerome Powell's positive comments on inflation progress.
Market Caution as Fed Meeting Begins; Treasury Yields and Apple Influence Gains | Daily Market Analysis
Key events: UK - GDP (MoM) (Apr) USA - Core CPI (MoM) (May) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference The S&P 500 was poised for a record close on Tuesday after paring losses due to falling Treasury yields and a surge in Apple stock to a new high. However, gains were tempered by caution as the Federal Reserve began its two-day meeting.
S&P 500 Ends Winning Streak Amid Jobs Report; Fed Rate Cut Expectations Adjusted | Daily Market Analysis
Key events: USA - NY Fed 1-Year Consumer Inflation Expectations Switzerland - SNB Chairman Thomas Jordan speaks Despite a robust rally on Friday, the S&P 500 snapped a two-week winning streak as a stronger-than-expected jobs report failed to catalyze a significant increase in wages, instilling hope for a gentle economic transition.
Investors Cautious as Dow Gains Modestly Ahead of Crucial US Inflation Report | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Feb) USA - USD CPI (YoY) (Feb) USA - CPI (MoM) (Feb) USA - 10-Year Note Auction On Monday, the Dow Jones Industrial Average experienced a modest gain as investors anticipated forthcoming inflation data, a crucial factor influencing the Federal Reserve's stance on interest rates. The Dow rose by 46 points or 0.1%, while the S&P 500 declined by 0.1%, and the NASDAQ Composite slipped by 0.4%.
Dow Gains Despite Fed Concerns, Nvidia Surges, and Global Currency Movements Unfold | Daily Market Analysis
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