Tag Archives: Dow Jones
Tech Earnings Disappointment Triggers Steep Wall Street Sell-Off
US stocks plummeted on Wednesday, with major indices suffering substantial losses. The S&P 500 fell 2.31%, marking its worst day since December 2022, while the Nasdaq plunged 3.62%, its poorest performance since October 2022. The Dow Jones Industrial Average also took a hit, shedding 504.22 points (-1.25%). This market downturn was primarily attributed to a […]
Dow Jones Hits Record High as US Stocks Rally on Rate Cut Hopes
Major US stock indices climbed on Tuesday, with the Dow Jones leading gains. The Dow surged 742.76 points (1.85%), marking its second consecutive record close and the strongest performance since June 2023. The S&P 500 rose 0.64%, while the Nasdaq edged up 0.21%. Market sentiment was primarily driven by expectations of Federal Reserve rate cuts. […]
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 […]
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 […]
Fed Maintains Interest Rates as Inflation Ticks Up
The Federal Reserve maintained the target range for the federal funds rate at 5.25%-5.50% during its May meeting for the sixth consecutive time. The decision was driven by ongoing inflationary pressures and a tight labor market, indicating a lack of progress in bringing inflation back down to the 2% target this year. However, Chair Powell […]
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 […]
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 […]
