quotations analysis

16 February 2024

S&P 500 hits 11th record high amidst mixed economic signals and global currency shifts

The S&P 500 notched its 11th record high of the year, leading a positive trend across major U.S. stock indexes, despite mixed economic indicators and a volatile week. Closing at 5,029.73, the index was up by 0.58%, with the Nasdaq …

15 February 2024

Stock Market Rallies Led by Lyft Surge Amid Adjusted Federal Reserve Rate Cut Expectations

On Wednesday, the stock market witnessed a significant rebound, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average posting notable gains, driven in part by Lyft’s shares soaring 35% after reporting impressive fourth-quarter earnings. This rally followed a …

14 February 2024

Stock Markets Tumble as Inflation Surges, Upending Fed Rate Cut Hopes and Driving Treasury Yields Higher

On Tuesday, stock markets faced a sharp decline following unexpectedly high January inflation data, which sent Treasury yields climbing and dampened hopes for multiple Federal Reserve rate cuts this year. The Dow Jones Industrial Average recorded its worst session since …

13 February 2024

Week ahead: week of economic revelations

As the markets recalibrate from the recent rate and dollar surge, all eyes this week turn to the US CPI and retail sales data for January, potentially marking a pivotal moment for future rate adjustments. With the Federal Reserve’s rate …

9 February 2024

S&P 500 Nears Historic Milestone Amid Stock Futures Dip and Currency Market Shifts

Stock futures edged lower on Thursday evening, despite the S&P 500 making headlines earlier in the day by briefly topping the 5,000 mark for the first time during intraday trading, before settling just below this historic level. This slight downturn …

8 February 2024

Tech Giants Lead Surge as S&P 500 Nears Historic 5,000

On Wednesday, the stock market experienced notable gains, propelling the S&P 500 tantalizingly close to the 5,000 mark, thanks to strong quarterly results underscoring a robust economy. The index rose by 0.82%, setting a new closing high of 4,995.06, while …

7 February 2024

Stock Market Gains Amid Mixed Fed Rate Cut Expectations and Strong Earnings Reports

On Tuesday, the stock market witnessed modest gains, driven by positive corporate earnings and the investors’ assessment of future Federal Reserve rate cuts. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw increases, with standout performances from …

5 February 2024

Week Ahead: RBA’s next move is in the spotlight

In the dynamic landscape of the global economy, investors and analysts remain vigilant, focusing on pivotal events to decipher the trajectory and well-being of diverse economies. Let’s delve into the significant economic indicators and upcoming decisions slated for February 2024. …

2 February 2024

Dow Jones Soars as Fed Holds Rates Steady

In a remarkable turnaround from its recent downturn, the Dow Jones Industrial Average surged 369.54 points to close at a record 38,519.84, buoyed by the Federal Reserve’s decision to keep interest rates unchanged, contrary to speculations of a possible cut …

1 February 2024

Stocks Plummet as Powell Signals No Rate Cut in March

In a significant market downturn, Federal Reserve chairman Jerome Powell’s indication of no rate cut in March resulted in the Dow Jones Industrial Average’s worst performance since December. Despite this, the Federal Reserve addressed concerns by removing a tightening bias …