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S&P 500 Surges Amid Chip Stock Rally, Currency Pairs Fluctuate as Investors Eye Inflation Data | Daily Market Analysis
Key events: Eurozone - ECB's Lane Speaks USA - Core PCE Price Index (MoM) (Aug) USA - Core PCE Price Index (YoY) (Aug) USA - Michigan Consumer Sentiment (Sep) USA - FOMC Member Bowman Speaks The S&P 500 surged to a new record close on Thursday, propelled by a boost in chip stocks, led by Micron, and stronger-than-expected economic data that lifted market sentiment.
US Equity Futures Decline as Markets Brace for Key Labor Data and Fed Rate Decision | Daily Market Analysis
Key events: USA - S&P Global US Manufacturing PMI (Aug) USA - ISM Manufacturing PMI (Aug) USA - ISM Manufacturing Prices (Aug) Eurozone - ECB's Supervisory Board Member Jochnick Speaks US equity futures saw declines on Tuesday, with S&P 500 futures slipping by 0.17% to 5,638.70 and Nasdaq 100 futures falling 64 points, or 0.32%, to 19,511.10.
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%.
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