Market Analysis

4 September 2023

Week Ahead: Markets to Focus on RBA Rate Statement and BOC Rate Statement

The financial world is keeping a close watch on some important economic news this week. Two major central banks, the Reserve Bank of Australia (RBA) and the Bank of Canada (BOC), will be releasing their rate statements. Given the potential …

1 September 2023

Nasdaq Records Fifth Consecutive Gain Amidst Worst Monthly Performance in 2023

The Nasdaq Composite displayed resilience with its fifth successive day of gains, despite encountering its most substantial monthly decline in 2023. Closing at 14,034.97, the tech-centric index rose by 0.11% on Thursday. In contrast, the Dow Jones Industrial Average stumbled …

31 August 2023

S&P 500 Gains on Four-Day Streak Amid Economic Data Evaluation

The S&P 500 extended its winning streak to four days, rising 0.38% and surpassing 4,500 points to close at 4,514.87. The Dow Jones Industrial Average added 0.11%, while the tech-oriented Nasdaq Composite advanced 0.54% to 14,019.31. The S&P’s recent gains …

30 August 2023

Tech Stocks Rally as Nasdaq Gains Over 1% in August’s Final Days

Investors rallied around tech stocks, propelling the Nasdaq Composite up by more than 1% on Tuesday, seeking respite in the closing stages of a challenging August for the market. The tech-centric index surged 1.74% to reach a closing figure of …

29 August 2023

Stocks Rebound as August Nears End, Tech Seeks Recovery

Stocks started the final trading week of August on a positive note, with Wall Street striving to recover from a month of losses. The Dow Jones Industrial Average surged by 0.62%, gaining 213.08 points to close at 34,559.98. The S&P …

28 August 2023

Week Ahead: All Eyes on Australia’s CPI, US Core PCE Price Index, and US Jobs Report

This week, keep a close watch on Australia’s Consumer Price Index (CPI), the US Core Personal Consumption Expenditure (PCE) Price Index, and the US Jobs Report. These indicators could substantially impact market sentiment, amplifying the need for traders to exercise …

25 August 2023

Tech Rally Fizzles as Stocks Tumble Amidst Fed Chairman’s Speech Anticipation

In a dramatic turn of events, the stock market experienced a sharp decline following a brief surge triggered by Nvidia’s impressive quarterly results. As the tech rally faded, investors also braced themselves for a significant address from Federal Reserve Chairman …

24 August 2023

Stocks Rise on Nvidia Earnings Anticipation and Yield Decline, Athletic Apparel Struggles

Stocks closed higher on Wednesday as investors awaited Nvidia’s latest quarterly earnings report, with the company being a top performer in the S&P 500 due to its association with the artificial intelligence trend. The Dow Jones Industrial Average rose by …

23 August 2023

Market Slide Fueled by Yield Concerns and Fed Anticipation: Powell’s Speech Awaited

The S&P 500 experienced a 0.3% decline driven by concerns over rising Treasury yields and upcoming remarks from Federal Reserve Chairman Jerome Powell. The decline was also impacted by a drop in banking and retail shares. The Dow Jones Industrial …

22 August 2023

Stock Futures Stabilize as Nasdaq and S&P 500 Break Losing Streak Amid Rising Yields

U.S. stock futures held steady after a month marked by losses across major indices, as the Nasdaq Composite and S&P 500 finally halted their four-day negative streak. Futures tied to the Dow Jones Industrial Average dipped slightly by 0.1%, while …