Market Analysis

12 June 2023

Week Ahead: Markets to Focus on Major Central Banks Rate Decisions and US PPI and CPI

In the week ahead, market participants will be closely monitoring several vital economic events, including interest rate decisions by major central banks and the release of US Producer Price Index (PPI) and Consumer Price Index (CPI) data. Market watchers and …

9 June 2023

U.S. Stock Futures Dip Despite S&P 500’s Record High; DocuSign Surges After Beating Expectations

U.S. stock futures experienced a slight decline on Thursday night, even as the S&P 500 reached its highest closing level of the year. Dow Jones Industrial Average futures dropped by 54 points, equivalent to 0.16%, while S&P 500 futures saw …

8 June 2023

Market Fluctuates Near Highs as Tech Boost Fades, Regional Banks Surge, and Trade Deficit Widens

On Wednesday, both the S&P 500 and Nasdaq Composite closed lower, hovering near their highest closing levels since August 2022. The S&P 500 slipped by 0.38%, settling at 4,267.52, while the Nasdaq Composite declined by 1.29%, ending at 13,104.89. However, …

7 June 2023

S&P 500 Hits Highest Close of 2023, Coinbase Faces SEC Lawsuit

On Tuesday, the S&P 500 reached its highest close since the beginning of 2023, reflecting a recent rally that propelled the index to its strongest level in nine months. The broad-market index added 0.24% to finish at 4,283.85, marking its …

6 June 2023

Stocks Slip as Market Consolidates Gains, Eyes Fed’s Inflation Target

On Monday, the S&P 500 ended the day lower, wiping out earlier gains that had brought the index to its highest level in nine months. The S&P 500 lost 0.2%, closing at 4,273.79, while the Nasdaq Composite dipped 0.09% to …

5 June 2023

Week Ahead: Markets to Focus on US ISM Services PMI, and RBA and BOC Rate Statements

In the week ahead, market participants will turn their attention to key economic events including the US ISM Services PMI, as well as rate statements from the Reserve Bank of Australia (RBA) and the Bank of Canada (BOC). As analysts …

2 June 2023

Stocks Rise as U.S. House Passes Debt Ceiling Bill, Earnings Reports Impact Market

Stocks experienced gains as the U.S. House of Representatives successfully passed a debt ceiling bill, reducing the risk of a default. Despite a 4.7% decline in Salesforce shares following their earnings report, the Dow Jones Industrial Average rose by 0.47%, …

1 June 2023

Stocks Fall as Debt Ceiling Debate Looms and May Trading Month Ends

Stocks declined on Wednesday as investors closely watched the federal debt ceiling debate in Washington. The Dow Jones Industrial Average dropped 0.41%, the S&P 500 dipped 0.61%, and the Nasdaq Composite slipped 0.63%. A debt ceiling deal between President Joe …

31 May 2023

Wall Street Weighs Debt Ceiling Deal and Fed Rate Hike Concerns Amidst Dow Jones Decline

On Tuesday, the Dow Jones Industrial Average experienced a decline as investors considered the prospects of Congress passing a tentative deal to raise the U.S. debt ceiling. The index closed down 50.56 points or 0.15% at 33,042.78. Meanwhile, the S&P …

30 May 2023

US Debt Ceiling Agreement Reached, Earnings Reports Awaited

On Monday, the U.K. markets were closed for a bank holiday, while U.S. markets were closed for Memorial Day. European stocks had a turbulent week, with the Stoxx 600 index hitting an eight-week low but recovering some losses on Friday …