Holiday-Shortened Week: Key Data, Earnings, and More
Category: Markets Total Views: 81By : Editor Updated: 06-16-2024
Stock Futures Steady Ahead of Holiday-Shortened Week
Sunday evening's steady stock futures indicated a cautious beginning to a week cut short by holidays. Just below the even line were futures tied to the Dow Jones Industrial Average. Futures on the S&P 500 increased just 0.03%, while those on the Nasdaq 100 increased 0.1%. This stability comes after the S&P 500 and Dow both slightly declined last week. But the Nasdaq Composite was able to scrape out a little gain, fin... Read More
Slow Trading Week Ahead with Key Economic Updates
Category: Markets Total Views: 51By : Editor Updated: 06-16-2024
Stocks Conclude Last Week with Record Highs
Softer-than-expected inflation data helped stocks close last week strongly. Over 3% was gained by the Nasdaq Composite, and over 1.5% by the S&P 500. This lifted the S&P 500 above 5,400 for the first time ever. Four days running, the S&P 500 and Nasdaq closed at all-time highs. The Dow Jones Industrial Average, though, dropped by more than 0.7%. Regarding possible interest rate reductions, investors have hope. This hope prope... Read More
Market Rally Distrusted as S&P 500 Soars on Tech Gains
Category: Markets Total Views: 50By : Editor Updated: 06-15-2024
Record-Setting Rally in the S&P 500
This year has seen multiple all-time highs for the S&P 500; almost thirty days have set records. Four record highs just in the last week continued this trend. The robust market is reflected in the previously unheard-of equity wealth of investors. Still, doubts have been aroused by the market's steady rise. Eight out of the previous ten trading days have seen the S&P 500 move less than 0.3%, suggesting stability. Investor worry is... Read More
Macron's Snap Election Decision Shakes French Markets
Category: Markets Total Views: 62By : Editor Updated: 06-15-2024
CAC 40 Suffers Worst Week Since March 2022
This is the biggest fall in the CAC 40 index since March 2022. Friday's decline of 2.7% brought the weekly loss to over 6%. Investor trepidation about the possible result of the impending parliamentary elections is reflected in this decline. Unrest in the market has increased with the possibility of a far-right victory. Analysts are equating past market responses to political upheavals. It's a cautious and uncertain mood overall. ... Read More
How Fed Decisions and Tech Sector Gains Shape Markets
Category: Markets Total Views: 191By : Editor Updated: 06-13-2024
Surprising CPI data indicating a 3.3% increase in May led the Federal Reserve to maintain interest rates unchanged. The IT industry, meantime, soared, with Oracle seeing a big boost despite missing earnings estimates because of strong demand for its cloud services and Apple's stock rising because of new AI features. These developments point to robust investment prospects impacted by Fed decisions in the tech industry as well as the larger market.
Fed Holds Interest Rates Steady... Read More