Wall Street falls ahead of weak Chinese trade numbers. Corporate earnings are in the spotlight; until today, 85% of the S&P listed stocks delivered their quarry earnings results. And 85% of these companies have beaten market expectations in terms of revenues and earnings per share. Still, Wall Street had a rough first week in August, […] More
US Job Report Shows 187,000 New Hires in July, While Wall Street Takes a Dip As expected, U.S. nonfarm payrolls for July released this morning came in lower than expected at 200.000 jobs. The job report shows signs of a cooling labor market compared to the previous two months. In July, the United States added […] More
Wall Street fell in Wednesday’s trading session amid growing concerns about the hiring sector. Wall Street edged lowers in today’s trading session amid growing fears of s losing pace I hiring numbers in the U.S. market The S&P 500 benchmark declined by 1.47% to 4,502 basis points, and Nasdaq posted the highest losses in today’s […] More
Nasdaq rose by 1.9%, driven by strong increases from Inel and Meta, and U.S. regulators are running for their new Base III Endgame bill. Looking at the futures market at 14:25 a.m. ET, there were indications of a positive opening for the U.S. stock market. The Dow Jones Industrial Average was projected to rise by […] More
Mixed Markets and Interest Rate Hikes: A Look at the Fed’s Strategy and Bond Outlook The S&P and the Nasdaq fail in Wednesday’s opening trading session, and the Dow saves the stock market from a losing session. As forecasted previously, the U.S. Federal Reserve and monetary policymakers have lifted their key interest rates by a […] More
Oil Prices Surge Amid OPEC’s $80 Target, Supply Concerns, and Growing Market Uncertainty The Organization of the Petroleum Exporting Countries (OPEC) is aiming to push oil prices to $80 per barrel or higher. Their efforts to achieve this goal received support from Russia, a non-OPEC member but a significant oil-producing country and a key ally […] More
Netflix and Tesla Drive Tech Stocks Down on Wall Street Amid Earnings Reports and Labor Market Resilience Netflix and Tesla sink Wall Street, and the tech-heavy Nasdaq Composite suffered losses in the Thursday trading session. After a better-than-expected earnings report from the financial and banking sectors, now it’s time for the quarterly earnings report for […] More
U.S. Banks Enjoy a profit surge amidst an interest rate boost, But Clouds Loom on the horizon. The second-quarter banking sector earnings report scene continues. Today’s reports reveal that major U.S. banks have seen a notable surge in profits. One of the key factors contributing to this significant gain is the positive impact of higher […] More
Nasdaq Surges Over 1.6% on Strong Q2 Earnings, and OPEC’s Surprising and bold statement boosts investors’ hopes. Wall Street’s main indexes extended their gains for three consecutive days as of Thursday’s trading session. Boosted by the S&P 500 benchmark gains, The indexes rose by 0.91%; the high increase was driven by a better-than-expected quarterly earnings […] More
Positive CPI Reports Raise Hopes for a Monetary Policy Shift June’s CPI reports raise hopes about the near end of the U.S. Federal Reserve’s continuous tightening of monetary policy. Consumer indexes in June show a cooling in inflation growth speed, which is in turn an indicator of a market rally. For the month of June, […] More
Stock Market Gains on Strong Half-Year Performance, Inflation Data Influences Interest Rate Expectations, and Oil Prices Rise on Cautious Fed Approach The stock market edged higher hours before the Friday trading session closed. The S&P 500 benchmark jumps by 1.38% to 4.457.80 basis points, remaining above the bull market level. The index’s gains were driven […] More
The Weekly Claims Report Signals the Fed’s Monetary Policy Tightening The latest job weekly claims reports will only encourage the U.S. Federal Reserve to resume its tightening monetary policy. The Bureau Of Statistics released last week’s unemployment claims, which declined surprisingly to their lowest level in the past 20 months. According to Gregory Daco, chief […] More