quotations analysis

1 March 2024

Nasdaq Hits Record Close Fueled by Tech Rally, Dollar Strengthens Amidst Economic Anticipation

On Thursday, the Nasdaq Composite achieved a record close at 16,091.92, its highest since November 2021, driven by a surge in tech stocks, particularly those involved in artificial intelligence. This uplift in the stock market saw the S&P 500 also …

29 February 2024

Stock Market Dips Ahead of Key Inflation Report, Tech Shares and Dollar Movements in Focus

On Wednesday, stocks saw a decline as investors awaited an important inflation report due later in the week, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experiencing losses. Notable decliners included UnitedHealth, Intel, Alphabet, and Urban …

28 February 2024

Mixed Stock Market Results as Investors Await Inflation Data; Currency Market Sees Nuanced Movements

On Tuesday, the stock market displayed mixed outcomes with the S&P 500 and Nasdaq Composite experiencing slight gains, while the Dow Jones Industrial Average faced a minor decline amidst anticipation for upcoming inflation data. Corporate earnings, particularly from Macy’s and …

27 February 2024

Stocks Dip Amid Inflation Data Anticipation, Amazon Joins Dow

On Monday, the stock market experienced a downturn, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closing lower, moving away from recent record highs. This shift comes as investors brace for a slew of economic data, …

26 February 2024

Week ahead: RBNZ rate, US economic indicators eyed

As we approach the end of February 2024, the financial world turns its focus towards a series of crucial economic updates slated for release. These reports, spanning from Japan’s inflation rates to the ISM Manufacturing PMI in the United States, …

23 February 2024

Nvidia’s stellar earnings propel S&P 500 and Nasdaq to new highs amidst broad market optimism

On Thursday, the S&P 500 and Nasdaq Composite reached impressive new heights, largely driven by Nvidia’s remarkable quarterly earnings report. The S&P 500 surged by 2.11%, its best performance since January 2023, while the Nasdaq Composite soared by 2.96%, flirting …

22 February 2024

Mixed Stock Market Results Amid Nvidia Earnings Anticipation and Fed’s Interest Rate Stance

On Wednesday, the stock market showed mixed outcomes, with the Dow Jones and S&P 500 making slight gains, while the Nasdaq Composite faced a decline, influenced by anxiously awaited Nvidia earnings and Federal Reserve insights. Nvidia’s stock dipped ahead of …

21 February 2024

Tech Stocks Lead Market Downturn Ahead of Nvidia’s Earnings, Major Acquisitions Stir Financial Sectors

On Tuesday, the stock market faced a downturn, heavily influenced by a slump in technology stocks, especially with Nvidia’s earnings report on the horizon, causing its shares to fall by 4.4%. The Dow Jones Industrial Average slightly declined by 0.17%, …

20 February 2024

Mixed market sentiments globally as the U.S. observes Presidents Day

With U.S. markets closed in observance of Presidents Day, global financial markets took center stage, showcasing mixed sentiments across different regions and sectors. Europe’s Stoxx 600 index saw a modest rebound, while Asian markets presented a mixed picture, influenced by …

19 February 2024

Week ahead: Eyes on FOMC meeting minutes

As we delve into the economic calendar for the upcoming week, several pivotal events and data releases promise to provide insight into the global economic landscape. From inflation figures to central bank deliberations and purchasing managers’ indices (PMIs), market participants …