Tag Archives: Nasdaq
Tech Rally Propels S&P 500 and Nasdaq to New Peaks Despite Fed’s Rate Pause
In June 2024, for the seventh consecutive meeting, the Federal Reserve decided to maintain the federal funds target range at 5.25%-5.50%, aligning with predictions. The Fed’s policymakers anticipate that until there is greater confidence in inflation sustainably approaching 2%, a reduction in rates will not be deemed appropriate. The current dot plot indicates that policymakers […]
Economic Activity Surges, Diminishing Likelihood of Fed Rate Reduction
The S&P Global US Composite PMI jumped to 54.4 in May, a significant increase from 51.3 in April, achieving its highest point since April 2022 and surpassing the anticipated figure of 51.1 based on initial data. The service sector played a pivotal role in this rise, recording a PMI of 54.8 and demonstrating the largest […]
US Economic Momentum Slows, Rate Cut Possibility Rises
Retail sales in the United States remained flat in April 2024, showing no change from the previous month. This followed a downwardly revised gain of 0.6% in March and defied market expectations of a 0.4% rise, suggesting consumer spending has slightly eased. Out of the 13 categories tracked, 7 posted declines. Significant drops were seen […]
U.S. Stock Market Trades Tentatively Amid Lack of Clear Leadership
Investors began the week with a cautious approach, turning their attention to the highly anticipated upcoming inflation report, which is believed to possibly indicate the start of cuts to interest rates. The sentiment led to a mixed performance in US stocks; the S&P 500 saw a slight decrease (-0.02%), while the Dow Jones broke its […]
Tech Stocks Bear Brunt of Selloff as VIX Volatility Soars to Fresh Peaks
The major U.S. stock indices experienced losses on Friday, April 19th with the S&P 500 falling 1% to below 5,000 points and the Nasdaq plunging more than 2%. The sell-off was primarily driven by Netflix (NFLX.US), which exacerbated existing concerns related to geopolitical tensions and persistently high inflation rates. Netflix shares plummeted more than 8% […]
Wall Street Tumbles as Bank Earnings Disappoint and Geopolitical Tensions Rise
On Friday, April 12th, Wall Street experienced a significant decline, with major stock indices recording substantial losses. The S&P 500 had its worst day since January, plunging 1.46%, while the Dow Jones Industrial Average tumbled 475 points (-1.24%), and the Nasdaq Composite Index slid 1.62%. The negative sentiment was heavily influenced by earnings reports from […]
U.S. Equity Markets Pause Awaiting Crucial Inflation Data Release
On Tuesday, US stock markets exhibited a mixed closing, with investor sentiment swaying towards caution as the anticipation for the latest US inflation data heightened. Mild advances were seen in the S&P 500, creeping up by 0.14%, and the Nasdaq rose modestly by 0.32%. In contrast, the Dow Jones Industrial Average saw a slight decline […]
US 4Q23 GDP Revised Higher, Stock Markets Soared in 1Q24
US stocks closed on a mixed note on the final trading day of the first quarter, right before the Easter holiday. The S&P 500 inched up by 0.1% to set a new record, the Dow Jones Industrial Average increased by 47 points (0.12%), while the Nasdaq Composite dipped by 0.1%. This market activity took place […]