Category: Market Summary
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Nasdaq, S&P 500 Give Back Ground But Dow Closes Higher
Following the significant rebound seen during Tuesday’s session, stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages spent most of the day on opposite sides of the unchanged line before closing mixed. While the Dow (DOWI:DJI) inched up 37.83 points or 0.1 percent to 39,043.32, closing higher for the third…
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Mixed Futures Amidst Quiet Economic Schedule; Oil Prices Climb
U.S. index futures displayed varied behavior on Wednesday, following significant gains in the previous session that led the S&P 500 to close the day at a historic high, driven by consumer inflation data that met expectations. With a light economic schedule and the U.S. earnings season nearing its end, Dollar Tree (NASDAQ:DLTR) is scheduled to…
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U.S. Stock Rally Faces Scrutiny: Bull Run or Bubble Ahead?”
The relentless ascent of the U.S. stock market, notably exemplified by the benchmark S&P 500 index’s over 25% surge in the past five months, is sparking debates among market participants over its sustainability. This remarkable rally, marked by the index hitting 16 record highs just this year—a feat not seen in any first quarter since…
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U.S. Stocks Show Strong Move Back To The Upside On Inflation Data
After moving mostly lower over the two previous sessions, stocks showed a strong move back to the upside during trading on Tuesday. The major averages fluctuated over the course of the session but finished the day firmly in positive territory. The tech-heavy Nasdaq (NASDAQI:COMP) helped lead the way higher on the day, surging 246.36 points…
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Global Markets Await U.S. Inflation Report: Mixed Movements in Pre-Market Trading
In the pre-market trading on Tuesday, U.S. index futures show mixed movements as investors wait for the inflation report that could indicate the direction of the Federal Reserve’s monetary policy. At 06:33 AM, Dow Jones futures (DOWI:DJI) fell 17 points, or 0.04%. S&P 500 futures advanced 0.24%, and Nasdaq-100 futures rose 0.43%. The yield on…
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Options Market Eyes CPI Report Over Fed Rate Decision, Citi Says
In a recent analysis by Citigroup, the spotlight in the financial markets is firmly on the upcoming inflation report rather than the Federal Reserve’s impending interest rate decision. According to the bank’s equity strategists, led by Stuart Kaiser, the S&P 500 Index is expected to experience a significant move of 0.9% in either direction this…
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Dow Posts Modest Gain But Nasdaq, S&P 500 See Further Downside
After coming under pressure over the course of the previous session, stocks saw further downside in early trading on Monday. The major averages regained ground over the course of the trading day, however, with the Dow closing modestly higher. While the Dow (DOWI:DJI) inched up 46.97 points or 0.1 percent to 38,769.66 after falling nearly…
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U.S. Index Futures Dip Ahead of Inflation Data and Oracle’s Earnings; Oil Prices Edge Higher
In Monday’s pre-market trading, U.S. index futures are indicating a downward move, following the worst week for the Dow Jones since October. Investors are keeping an eye on the important inflation data expected this week and the financial results from Oracle, which will be announced after today’s market close. At 06:15 AM, Dow Jones futures…
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Financial Markets Reach New Peaks Amid Rate Cut Expectations and AI Enthusiasm
Financial markets globally have ascended to unprecedented heights this week, buoyed by the sustained excitement around artificial intelligence and growing anticipation of rate cuts by the Federal Reserve and the European Central Bank in June. Jerome Powell’s addresses to Congress initially bolstered these expectations, which were further fueled by Christine Lagarde’s announcement of reduced growth…
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Global Financial Markets Brace for Key Economic Indicators
Financial markets worldwide are gearing up for a crucial week filled with significant economic updates. In the United States, the spotlight will be on the inflation rate, retail sales, producer inflation, the Michigan consumer sentiment index, and industrial production. Across the pond, the UK will focus on its unemployment rate, industrial production, GDP growth for…