Tech Sector Pressure and Rising Yields Lead Dow's Wednesday Plunge | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Oct) USA - Existing Home Sales (Sep) USA - Fed Chair Powell Speaks USA - FOMC Member Bostic Speaks The Dow closed in negative territory on Wednesday as Nvidia continued to put pressure on the tech sector for a second consecutive day while rising Treasury yields added to the downward pressure on stocks.
US Stock Indices Slide Over 1% Amid Nasdaq's Notable Drop, Ahead of Powell's Speech | Daily Market Analysis
Key events: USA - Fed Chair Powell Speaks On Thursday, all three major US stock indices concluded with declines exceeding 1% each. The Nasdaq experienced the most significant drop due to recent substantial gains, while investor apprehension loomed ahead of Federal Reserve Chair Jerome Powell's scheduled speech on Friday.
Tech Stocks Soar Led by Nvidia Ahead of Earnings, Gold Prices Rally on Fed Rate Speculations, and Focus on China's Currency Safeguarding | Daily Market Analysis
Key events: USA - Core Durable Goods Orders (MoM) (Jul) USA - Initial Jobless Claims The closing of Wednesday witnessed a pronounced surge in US stocks, prominently propelled by the escalating value of Nvidia (NASDAQ: NVDA) shares ahead of the company's quarterly financial disclosures. Nvidia's chips enjoy widespread utilization for artificial intelligence (AI) computing purposes.
Cautious Optimism Prevails Amid Economic Surges and Central Bank Vigilance | Daily Market Analysis
Key events: Japan - GDP (QoQ) (Q2) USA - Core Retail Sales (MoM) (Jul) USA - Retail Sales (MoM) (Jul) European markets embarked on a cautiously optimistic note at the onset of the week, aiming to rebound from two weeks of declines, despite lingering concerns about the Chinese real estate sector's impact on the FTSE100.
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