The Federal Reserve says it’s about time to start cutting interest rates, and Wall Street gains Investors have turned their attention to this weekend’s closing trading session, hoping that the Fed will finally start cutting interest rates after waiting more than six months. The theme of the 2024 conference is “Reassessing the Effectiveness and Transmission […] More
Softer inflation data and strong retail sales have increased expectations of a 25 bp interest rate cut by the Federal Reserve in September. Wall Street’s main indicators dipped slightly this Friday, and gold jumpers set a new high record. Despite softer-than-expected inflation data, the U.S. stock market’s main benchmark declined somewhat, which boosts concerns about […] More
The presidential race affects Wall Street gains despite Netflix’s better-than-expected Q2 earnings report. Netflix’s second-quarter earnings report shows better-than-expected subscription numbers. The report was expected to boost Wall Street stock sentiment and cover some of the previous days. However, the political establishment has severely imprisoned the stock market in the U.S. Fragile sentiment due to […] More
The U.S. stock market’s main indicators fell on Thursday due to lower-than-expected Megga Tech earnings reports. This Thursday, the Wall Street Main Index performance was dull due to rising jobless claims and lower-than-expected tech stock gains. Starting with the tech sector, Megacap tech stocks (Apple, Google, Amazon, Microsoft) added to recent losses. Morgan Stanley suggested […] More
June’s nonfarm payrolls dropped to 206,000 from 218,000 in May. The U.S. stock market heads to end the fifth July trading session in a mixed way due to cooling labor market data. The U.S. job market has been one of the most anticipated reports this month. The Bureau of Labor Statistics report shows that the […] More
The S&P will reach 5.500.00 BPS for the second time in its history and the second time this month amid colling inflation data. On Friday morning, the market welcomed good news regarding key inflation data. The PCE report was released very early this morning, which suggests collapsing inflation at a time when investors remain unaware […] More
Wall Street traded in mixed fashion as investors focused on upcoming U.S. inflation data and the presidential debate. Wall Street main indices traded in a low session this Thursday, despite the better-than-expected Micron quarterly reports. Additionally, U.S. orders for key U.S.-manufactured capital goods fell in May. And unemployment benefit applications drifted lower last week for […] More
Wall Street main indicators fell on Friday but headed to weekly gains despite market worries. The S&P main board fell for the next day in a row but still heads into losing this week’s sessions with gains. The same goes for the All Wall Street Main Index, with the DOA falling by 0.04%, the Nasdaq […] More
The S&P fell hours after reaching its all-time high market point of 5.500 basis points. The Nasdaq fell by more than 1% due to a 3% drop in the tech giant’s Nvidia stock prices on Thursday. That said, Nvidia’s market cap dropped to $3.26 trillion, below Microsoft’s $3.31 trillion, with Apple in third at $3.22 […] More
The tech-heavy Nasdaq might close this week with average gains of five consecutive days, while the Dow fell to its lowest weekly gains since May. Two major U.S. stock market features fell on Friday, with the Nasdaq heading to score its fifth consecutive day of gains. On Thursday, the S&P and Nasdq made their first […] More
Wall Street Main indices traded in a mixed fashion on Thursday due to a lower-than-expected PPI report. . Wall Street Main Indicators traded in mixed fashion this Thursday, despite declining technology stocks. The main reason for this mixed data is the previous session announcement by the Fed. Unlike the March projection of three quarter-percentage-point reductions, […] More
The U.S. economy added 272,000 nonfarm payroll jobs in May, which beats market estimates. “Just a strong report. Almost all metrics were solid to robust as jobs soared, hourly earnings jumped, but the unemployment rate, household employment, and labor force plunged.” These were the words that an Evercore ISI analysis used to describe the U.S. […] More