Markets Wall Street is cautious heading into next week, after having seen the tech-heavy Nasdaq Composite (COMP:IND) slide into correction territory. The market narrative has changed in a matter of days, and concerns now abound that the Federal Reserve has slowed … Continue reading
David Dube
Markets US stocks came under heavy selling pressure Thursday as weak economic data and another sharp sell-off in chip stocks spurred losses across all three major indexes one day after the Federal Reserve signaled a likely rate cut in September. The tech-heavy … Continue reading
Markets US stocks rallied on Wednesday as investors digested the Federal Reserve’s latest decision to hold interest rates steady and a tech revival sent the Nasdaq surging. The S&P 500 (^GSPC) rose nearly 1.6% while the tech-heavy Nasdaq Composite (^IXIC) soared more … Continue reading
Fed Expected to Hold Rates and Signal September Cut The US central bank’s Federal Open Market Committee will keep its benchmark rate in a range of 5.25% to 5.5%, a peak reached a year ago, at the conclusion of … Continue reading
US stocks ended the session mixed on Monday, kicking off a big week on Wall Street amid a Federal Reserve rate decision, the jobs report, and Big Tech earnings. The Dow Jones Industrial Average (^IXIC) fell 0.1% after soaring over 650 points on … Continue reading
Markets The S&P 500 (GSPC) and Nasdaq Composite (^IXIC) recently had their worst single-day drops since 2022 as the indexes struggled to recover losses during a Friday rally. All three major averages closed the final full week of July lower. The S&P 500 … Continue reading
US inflation data due on Friday – upside risks BMO on the data from the US on Thursday inflation data for Q2. In brief: Second quarter real GDP surprised on the upside at 2.8% while inflation slowed during Q2 … Continue reading
US Market Wrap Big Tech Drags Down the Markets as Earnings Get Underway Wall Street received a reality check after a disappointing start to the mega-cap earnings season raised concerns that the artificial intelligence frenzy that has propelled the … Continue reading
Markets Earnings Bring A Mixed Bag Of Results – US Market Wrap Source: Financial Juice Economic Calendar S&P 500 Prior Session was Cycle Day 1: Price oscillated in wide range swings fulfilling our upside target 5629, but bulls could not sustain … Continue reading
Markets Economic Calendar Source: Investing.com S&P 500 Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled with 91.67% accuracy covering twelve-plus years of tracking history. We knew the odds were favorable to rally post OPEX as Tech rebounded strongly … Continue reading