Market Analysis

7 August 2023

Week Ahead: All Eyes on US Consumer Price Index and Producer Price Index

Several key market events are expected to influence the financial markets this week. Specifically, the highly awaited US Consumer Price Index and Producer Price Index will be released. In light of these crucial announcements, we advise traders to approach their …

4 August 2023

S&P 500 Faces Third Consecutive Day of Declines Amidst Rising Bond Yields

The S&P 500 continued its decline for a third day in a row, grappling with the impact of rising bond yields and mixed corporate earnings results. The index fell 0.25%, closing at 4,501.89, while the Dow Jones Industrial Average also …

3 August 2023

Fitch Downgrades U.S. Rating Sparks Tech Stocks Selloff

A selloff gripped the stock market on Wednesday as the Nasdaq Composite suffered its worst day since February. The downturn was triggered by Fitch Ratings’ decision to downgrade the long-term rating for the U.S. from AAA to AA+, citing concerns …

2 August 2023

Starting August Market: Mixed Earnings Impact S&P 500

Starting in August, the S&P 500 experienced a 0.27% decline, with the Nasdaq Composite also dropping by 0.43%, while the Dow Jones Industrial Average gained 0.2%. Several companies reported mixed results, leading to varied stock movements. Pharmaceutical giant Merck pulled …

1 August 2023

Stocks Modestly Rise as Earnings Season Nears End with Positive July Performance

Stocks on Wall Street experienced a modest rise on Monday, kickstarting a busy earnings week and concluding a winning month. The Dow Jones Industrial Average climbed 0.28% to close at 35,559.53, while the S&P 500 and Nasdaq Composite registered slight …

31 July 2023

Week Ahead: Markets to Focus on US Jobs Reports, RBA Rate Statement, and BOE Rate Statement

This week’s economic calendar features key events that will have a considerable impact on the markets. Major events include the US jobs reports, the Reserve Bank of Australia (RBA) rate statement, and the Bank of England (BOE) rate statement. Traders …

28 July 2023

Dow Jones Ends Historic Winning Streak Amid Economic Data and Rate Hike Uncertainty

The Dow Jones Industrial Average’s extraordinary winning streak of 13 consecutive gains came to a halt as investors opted to take profits, leading to a 0.67% decline, with the index closing at 35,282.72 points. The historic run, dating back to …

27 July 2023

Dow Jones Extends Historic Winning Streak Amid Federal Reserve Rate Hike and Earnings Reports

In a remarkable show of strength, the Dow Jones Industrial Average experienced its best winning streak since 1987, advancing for 13 consecutive days. The 30-stock index added 82.05 points, or 0.23%, reaching 35,520.12, and is now on the cusp of …

26 July 2023

Dow Jones Extends Winning Streak Amid Earnings Reports and Fed Speculations

The Dow Jones Industrial Average achieved its longest winning streak in over six years as it closed higher on Tuesday. The index rose by 0.08%, or 26.83 points, reaching 35,438.07. This marked the 12th consecutive positive session for the 30-stock …

25 July 2023

Dow Jones Extends Winning Streak Amid Key Earnings Reports and Federal Reserve Policy Decision

The Dow Jones Industrial Average continued its impressive winning streak, marking the longest rally since February 2017, with an 11th consecutive day of gains. The 30-stock Dow rose 0.52%, reaching 35,411.24 points, supported by a 0.40% rise in the S&P …