US GDP
Market Mixed as S&P 500 Inches Higher, Nvidia Drags Tech, and Strong US Data Eases Recession Fears | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Aug) USA - Core PCE Price Index (MoM) (Jul) USA - Core PCE Price Index (YoY) (Jul) USA - Chicago PMI (Aug) The S&P 500 managed to close slightly higher on Thursday, despite a pullback in tech stocks led by Nvidia, as strong economic data from the US helped ease recession concerns and limit downward pressure. By the close of trading, the Dow Jones Industrial Average increased by 143 points, or 0.6%, the S&P 500 edged up by 0.1%, while the NASDAQ Composite dipped 0.2%.
Tech Sector Tumbles as Nvidia Weighs on S&P 500 Ahead of Key Earnings; Markets Eye Fed and GDP Data | Daily Market Analysis
Key events: Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Lane Speaks Eurozone - Eurogroup Meetings USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - FOMC Member Bostic Speaks The S&P 500 ended Wednesday in the red as a decline in Nvidia dragged down the tech sector ahead of the chipmaker's quarterly earnings release. Dow Jones futures dropped 0.4%, or 159 points, while S&P 500 futures slipped 0.6%, and Nasdaq 100 futures fell 1.1%.
Dow Hits Record High as Investors Rotate Out of Tech Ahead of Fed Rate Cut | Daily Market Analysis
Key events: USA - CB Consumer Confidence (Aug) The Dow ended Monday at record highs as cyclical stocks, particularly financials, gained momentum, reflecting a shift away from tech stocks in anticipation of a widely expected Federal Reserve rate cut next month. The Dow Jones Industrial Average climbed 0.16%, or 65 points, to a new record of 41,240.52. Meanwhile, the NASDAQ Composite dropped 0.8%, and the S&P 500 declined by 0.3%.
Markets Slip Ahead of Tech Earnings as Investors Eye Fed Policy and Global Economic Concerns | Daily Market Analysis
Key events: USA - S&P Global US Manufacturing PMI (Jul) USA - S&P Global Services PMI (Jul) Canada - BoC Interest Rate Decision USA - New Home Sales (Jun) USA - Crude Oil Inventories The S&P 500 closed lower on Tuesday amid cautious trading ahead of quarterly earnings from major tech companies. The Dow Jones Industrial Average fell 57 points, or 0.1%, while the S&P 500 dropped 0.2%, and the NASDAQ Composite declined 0.1%.
Dow Drops Sharply Amid Rising Treasury Yields and Industrial Weakness; Market Awaits Key Inflation Data | Daily Market Analysis
Key events: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Crude Oil Inventories USA - FOMC Member Williams Speaks The Dow closed sharply lower on Wednesday, influenced by rising Treasury yields and weakness in industrial stocks, particularly airlines, which dropped significantly due to demand concerns after American Airlines revised its Q2 profit guidance downward.
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