Tag Archives: DOW
U.S. Inflation Eases While Tech Stocks Struggle
The US annual inflation rate dropped to 3% in June 2024, its lowest level since June 2023 and below the forecasted 3.1%. This marks the third consecutive month of decline, down from 3.3% in May. The Consumer Price Index (CPI) unexpectedly fell 0.1% month-over-month, the first decline since May 2020, contrary to expectations of a […]
Wall Street Rallies on Soft Jobs Data and Rate Cut Speculation
On Friday, the S&P 500 and the Nasdaq hit record highs, climbing by 0.54% and 0.9%, respectively, and the Dow Jones added 67.87 points (0.17%). The session was influenced by data indicating a decrease in US hiring for June and a rise in the unemployment rate to the highest since the end of 2021, which […]
US Labor Market Exceed Forecasts; Major Indices Hit New Highs
Federal Reserve Chair Powell stated at the European Central Bank Forum that prices are now showing signs of resuming a disinflationary trend, and significant progress has been made on curbing inflation. He refrained from indicating a specific timeline for the initial interest rate reduction but acknowledged a significant enhancement in labor market equilibrium, characterizing it […]
Wall Street Treads Water as Investors Await Key Economic Reports
US stocks saw a modest increase on Wednesday, ending a fluctuating session on a slightly positive note with investors remaining cautious ahead of the anticipated PCE report on Friday. The Dow Jones Industrial Average rose by 15.64 points (0.04%), while the S&P 500 and Nasdaq experienced minor gains of 0.16% and 0.48%, respectively, maintaining levels […]
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 […]
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% […]
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 […]
