Nasdaq Hits Record High While Gold Peaks Amid Fed's Hawkish Tone | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - Fed Governor Kroszner Speaks USA - Fed Waller Speaks USA - FOMC Member Williams Speaks USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks UK - BoE Gov Bailey Speaks Monday saw the Nasdaq reaching an unprecedented high, while gold soared to its peak as investors grappled with hawkish statements from the Federal Reserve alongside signs of moderating US inflation.
S&P 500 Closes Lower Amid Tech Slide and Fed Rate Concerns | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Apr) USA - Existing Home Sales (Mar) Wednesday saw the S&P 500 finishing lower, as concerns over prolonged Federal Reserve interest rates weighed heavily on tech stocks, led by Nvidia's decline. The Dow Jones Industrial Average dipped by 45 points, equivalent to a 0.1% decrease, while the S&P 500 experienced a 0.6% decline, and the NASDAQ Composite fell by 1.2%.
Surge in S&P 500 and Dow Jones to Historic Highs Fueled by Tech Stocks, Nvidia's Impressive Earnings | Daily Market Analysis
Key events: Eurozone - German GDP (QoQ) (Q4) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Supervisory Board Member Jochnick Speaks Investors propelled the S&P 500 and Dow Jones Industrial Average to historic closing highs on Thursday, driven by a surge in interest in growth and technology stocks. This came on the heels of Nvidia (NASDAQ: NVDA), a prominent figure in artificial intelligence, reporting impressive earnings and providing an optimistic outlook.
Dow Gains Despite Fed Concerns, Nvidia Surges, and Global Currency Movements Unfold | Daily Market Analysis
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Tech Stocks Falter as Nvidia Faces Quarterly Results and Dollar Weakens; Walmart and Gold Shine | Daily Market Analysis
Key events: USA - FOMC Member Bostic Speaks USA - FOMC Member Bowman Speaks USA - FOMC Meeting Minutes On Tuesday, the Dow experienced a decline as investor caution grew regarding Nvidia's upcoming quarterly results and the release of the Federal Reserve's January meeting minutes later in the week. The Dow Jones Industrial Average dropped by 63 points or 0.2%, the S&P 500 index recorded a 0.6% decrease, and the NASDAQ Composite saw a 0.9% decline.
Dow Ends on a Positive Note Despite Inflation Concerns; Tech Stocks Drive Nasdaq's 1.3% Gain | Daily Market Analysis
Key events: UK - GDP (MoM) (Dec) UK - GDP (YoY) (Q4) USA - Core Retail Sales (MoM) (Jan) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Feb) USA - Retail Sales (MoM) (Jan) The Dow concluded Wednesday on a positive note, witnessing a rebound as investors seized the opportunity to buy stocks following a previous day's sell-off prompted by a stronger-than-expected US inflation report.
Nasdaq Falters, Bitcoin Surges, and Global Currencies Face Pressure Amid Economic Data Awaited | Daily Market Analysis
Key events: UK - Claimant Count Change (Jan) UK - Employment Change 3M/3M (MoM) (Dec) UK - Unemployment Rate (Dec) USA - Core CPI (MoM) (Jan) USA - CPI (MoM) (Jan) USA - CPI (YoY) (Jan) On Monday, the Nasdaq experienced a decline in the afternoon, briefly surpassing its previous record closing high from November 2021. Simultaneously, the Dow recorded a modest rise in anticipation of two crucial US inflation reports scheduled for the week, poised to influence Federal Reserve policy.
S&P 500 Hits Historic Mark, Nasdaq Touches 16,000 as Megacaps and Chip Stocks Drive Market Surge | Daily Market Analysis
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US Stocks Rally Amid Megacap Surge, Gold Prices Recover; Focus Shifts to Inflation Data and Central Bank Strategies | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Dec) USA - CPI (MoM) (Dec) USA - CPI (YoY) (Dec) USA - Initial Jobless Claims USA - 30-Year Bond Auction On Wednesday, US stocks saw an upward trend with a boost from mega-cap companies, although gains were tempered in anticipation of forthcoming inflation reports and significant bank earnings later in the week.
US Stocks Retreat Amidst Inflation Caution, CAD Declines, and Global Economic Signals | Daily Market Analysis
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