There are investors who believe that an increase in stocks left markets more susceptible for the corrections in case the consumer prices do not keep cooling or the US Fed doesn’t end their rate-hiking campaign. Global Indexes closed higher for the week, with S&P 500 rising ~0.2% for the week ended Friday. Index now sits
Global stock market expectations for the next week include domestic macro-economic data, policy and interest rate decisions by the global central banks, which includes the US Fed, and data about foreign capital inflow and global cues. Indian equity benchmarks saw longest weekly winning gains in 3 years, as these indexes rallied to significantly record levels
The US stocks ended higher Friday, as Nasdaq and S&P 500 closed higher and they saw their highest closing levels since the early month of 2022 post the strong US jobs report. This report resulted in investor optimism regarding the soft landing for the overall US economy. Investors decided to pare bets that the US Fed will
Nasdaq closed significantly higher Thursday after Alphabet and AMD resulted in mega-cap rally due to the fresh optimism regarding the artificial intelligence. Shares of Alphabet climbed over ~5% because analysts welcomed launch of Google-parent’s newest artificial intelligence model. AMD soared by ~10% after it projected that expected market for data center AI chips might touch ~$45 billion
On Wednesday, stocks saw a decline, with oil prices touching their lowest levels since end of June month. WTI saw a decline to $69.38 a barrel and 10-year treasury yields fell to ~4.121%. Performance of global indexes were affected by the economic data sets, with ADP’s report showing that companies added ~103,000 private-sector jobs for
In the US, the stocks saw a decline on Monday as investors overall markets took a relief following the 5 straight winning weeks. Talking about the stock market updates, Dow Jones Industrial Average saw a decline of ~41.06 points, or 0.11%, to end the session at ~36,204.44, while S&P 500 fell by ~0.54% to ~4,569.78. Nasdaq Composite shed ~0.84%
Stocks ended Tuesday on a mixed note even though economic data showed that job openings declined more than anticipated in the month of October 2023. This was an encouraging sign and hints that the US Federal Reserve’s efforts to slowdown the economy continue to bear fruit. As per the US jobs report, the number of
The S&P 500 saw an increase of ~18% in 2023, however, the gains have not been linear. Instead, the overall stock market was on a roller-coaster ride of significant ups and downs because investor sentiments took a hit as a result of several signals. Since global indexes posted strong gains, the S&P 500 increased in
A strong rally in stocks and favourable movement in government bonds showed no signs of declining, with global indexes posting strong weekly gains. The Dow Jones continued to rally for 5th consecutive week, which was the longest winning streak since the year 2021. S&P 500 climbed to its highest closing level since the month of March
The US equity markets saw mixed performances on Thursday, but closed November on high note. Dow Jones, S&P 500, and Nasdaq Composite all the 3 indexes ended their 3-month losing streaks. Dow Jones saw a significant rally intraday after the US Fed’s preferred measure of inflation saw a dip again in October. Salesforce shares provided
