As the Federal Reserve recently raised interest rates as anticipated, investors eagerly await the June data on the personal consumption expenditures price index (PCE), a key inflation indicator...
The Dow tends to beat the Nasdaq index recently, outperforming it by as much as 2.5 percentage points on Thursday, creating the widest gap between the two indexes since February 2022.
The latest producer price index in June showed inflation rose less than anticipated and built on trader optimism from the June consumer price index data, which came out Wednesday. Investors are now...
As the possibility of a July rate hike solidifies, bond traders are now looking ahead to the future beyond this month. Strong data releases, including the latest ISM figures, increase the likelihood...
Major US stock indices achieved substantial gains in a week marked by positive news. The rise was primarily fuelled by the success of prominent banks in passing the Federal Reserve's stress test and...
Amid recent positive indicators for the US economy, a sense of caution persists as concerns of an impending recession loom.While the job market and services sector demonstrate resilience, and the...
Despite the Federal Reserve's intention to convey a message of anticipated interest rate increases, the market responded with scepticism. Following the FOMC meeting in June, stocks turned bullish as...
US stocks continue to ride high after a strong May jobs report and the Congress passing a debt ceiling bill. However, investors are wary of the narrowness of the rally, with some shifting towards...
The release of crucial economic data, including nonfarm payrolls, the unemployment rate, and hourly wages, will shed light on the Federal Reserve's dilemma as it approaches the June policy meeting....
The Nasdaq Composite experienced a notable surge following Nvidia's strong sales forecast, fueled by the increasing demand for artificial intelligence technology. Nvidia's stock soared by 25%,...
Investors have been seeking confirmation that debt-ceiling negotiations are progressing positively following President Biden's optimistic remarks to avoid a default. The sentiment was boosted as...
Despite upbeat economic data, stocks faced resistance due to disappointing corporate performance and persistent banking fears. In April, wholesale prices in the US rose 0.2% for the month,...
The recent dip in the Dow Jones Industrial Average amid concerns over banking issues does not necessarily foreshadow a significant drop below multi-year lows. The volatility in the banking sector...
Investors should be cautious about over-enthusiasm regarding the latest tech earnings, as a dovish Federal Reserve may not necessarily result in higher stocks prices. The correlation between the...
The stock market faced a dip recently, spurred by a mixed bag of corporate earnings and concerning economic data, including signs of a contracting economy. Disappointing results from companies like...
US stocks fell Friday but notched a positive week as investors assessed a weak retail sales report that dented enthusiasm around a stronger-than-expected start to corporate earnings.
In recent months, the Nasdaq 100 has been the top-performing index in the US stock market, with a surge of over 20%, leading analysts to speculate that the index is in a bull market. However, caution...
The most notable fact about the trading action this week is how quiet it has been compared to the previous two weeks. Well, it is not that bad. The CBOE Volatility Index, which began on March 19 and...
Tech stocks are in for a brutal reversal lower if yields decline further, and that may happen as the Fed officials seem to have no chance to act hawkish in the coming weeks, at least given the...
The recent crisis in the banking sector, from SVB to Credit Suisse, has raised concerns and highlighted the need for central banks to be cautious about hiking rates. If the Fed takes a more cautious...
