Tech Stocks Lead as S&P 500 Rises Ahead of Crucial Jobs Report | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Jun) USA - Fed Chair Powell Speaks USA - JOLTs Job Openings (May) The S&P 500 closed higher on Monday, led by tech stocks, as the market began the second half of the year positively, ahead of an important monthly jobs report due later this week.
S&P 500 Closes Lower Amid Rising Treasury Yields and Inflation Concerns | Daily Market Analysis
Key events: UK - Core Retail Sales (MoM) (Apr) Eurozone - ECB's Schnabel Speaks Canada - Core Retail Sales (MoM) (Mar) USA - Durable Goods Orders (MoM) (Apr) USA - Fed Waller Speaks USA - Michigan Consumer Sentiment (May) The S&P 500 closed lower on Thursday as increasing Treasury yields, driven by persistent inflation concerns, dampened hopes for interest rate cuts. This overshadowed gains in tech stocks led by Nvidia.
Record Highs on Wall Street Amid Inflation Slowdown: Market Optimism Sparks Rate Cut Speculation | Daily Market Analysis
Key events: Japan - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (May) On Wednesday, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all reached new record highs, buoyed by a more significant-than-expected slowdown in consumer inflation, fueling optimism for potential rate adjustments and driving Treasury yields lower.
S&P 500 Edges Up Amid Tech Surge; USD Trends Amid Fed Policy Uncertainty | Daily Market Analysis
Key events: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims Wednesday saw the S&P 500 managing a slight uptick, albeit amid pressure from climbing Treasury yields and softness in industrial sectors. However, a surge in Tesla shares bolstered the tech sector ahead of looming earnings reports from major tech players. The S&P 500 inched up by 0.02%, while the NASDAQ Composite advanced by 0.1%. Conversely, the Dow Jones Industrial Average dipped by 0.1%, or 42 points.
US Stocks Grind Higher Amid Tech Sector Dips; Investors Brace for Inflation Data | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Mar) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Meeting Minutes On Tuesday, US stocks managed to secure a modest gain, although investors faced a tumultuous session characterized by fluctuations between losses and gains. This volatility was spurred by a dip in the tech sector led by Nvidia, casting a shadow ahead of pivotal inflation data scheduled for release the following day.
Tech Breather Leads S&P 500 Lower While Boeing Announces Management Shake-Up | Daily Market Analysis
Key events: USA - Durable Goods Orders (MoM) (Feb) USA - CB Consumer Confidence (Mar) Monday witnessed a decline in the S&P 500 as major tech players took a breather, anticipating pivotal market events later in the week, including an update on inflation and statements from Federal Reserve officials. The Dow Jones Industrial Average dipped by 162 points, or 0.4%, while the S&P 500 experienced a 0.3% drop, and the NASDAQ Composite slipped by 0.3%.
Markets Reach Record Highs, Boeing's Acquisition Talks, and Central Banks Take Center Stage | Daily Market Analysis
Key events: Australia - Building Approvals USA - FOMC Member Harker Speaks The week concluded with the S&P 500 and Nasdaq achieving record closes, propelled by a decline in Treasury yields and a surge in chip stocks led by Nvidia. Tech sector quarterly results continue to reflect a growing demand for artificial intelligence.
Dow Drops on Powell's Fed Statement, Currencies React, Gold Rallies | Daily Market Analysis
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Markets Navigate Record Highs, Tech Surges and Economic Signals | Daily Market Analysis
Key events: USA - Core PCE Price Index (MoM) (Dec) USA - Core PCE Price Index (YoY) (Dec) The S&P 500 achieved consecutive record closes for the fifth day, with positive corporate earnings and optimistic economic growth offsetting concerns about inflation, leading to a decline in Treasury yields. The Dow Jones Industrial Average rose by 242 points (0.6%), while the S&P 500 reached a record of 4,894.92, closing 0.5% higher. The Nasdaq Composite also ended 0.2% higher.
Dow Closes Above 38,000, Tech Rally Persists, and BOJ Keeps Rates Low | Daily Market Analysis
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