About: anakin

Recent Posts by anakin

Tech Giants Propel Stock Market Surge as Investors Eye Thanksgiving Closure and Fed Minutes

The stock market rallied as tech giants Microsoft and Nvidia drove significant gains, marking record highs amidst former OpenAI chief Sam Altman’s move to lead a new AI research team at Microsoft and Nvidia’s imminent earnings report. With the Dow Jones, S&P 500, and Nasdaq Composite all climbing, investors remained optimistic despite holiday closures. Lower-than-expectedContinue Reading

Written on November 21, 2023 at 2:37 am
Categories: Today's Analysis

Week Ahead: FOMC Meeting Minutes and Flash Services PMI Reports from the US, UK, and Germany

Various events look set to impact the markets this week. In addition to minutes from the Fed’s November meeting, market movements will likely also be shaped by the release of updated flash services and manufacturing PMI figures. Traders should maintain caution and closely monitor the following developments for a successful trading week: Canada’s Consumer PriceContinue Reading

Written on November 20, 2023 at 4:44 am
Categories: Week Ahead

Dow Slips as Cisco and Walmart Drive Declines, November’s Positive Trajectory Pauses | Currency Trends and Commodity Movement

Thursday’s stock market saw the Dow Jones slipping by 0.13%, ending its winning streak, while the S&P 500 and Nasdaq showed marginal gains. Declines in Cisco and Walmart heavily influenced the Dow’s dip, accompanied by a pullback in Chevron due to a 5% fall in U.S. crude oil prices. Despite this pause, November’s overall trajectoryContinue Reading

Written on November 17, 2023 at 3:20 am
Categories: Today's Analysis

Market Update: Stocks Extend Gains on Positive Inflation Data, Dollar Rebounds Amid Economic Swings

After positive inflation data, stock markets continued their climb, marked by modest gains in the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average. However, despite a notable drop in the producer price index, retail sales declined, painting a mixed economic picture. Corporate highlights included Target’s 18% surge on strong Q3 results and V.F. Corp’sContinue Reading

Written on November 16, 2023 at 2:21 am
Categories: Today's Analysis

Stock Market Soars on CPI Report: Tech Surges, Banks Rally, and Dollar Dips

The stock market witnessed a robust surge buoyed by an optimistic response to the latest US inflation report. Major indices like the Dow Jones, S&P 500, and Nasdaq rallied significantly, with tech stocks, in particular, hitting record highs. The lower-than-expected CPI figures fueled hopes of a sooner-than-anticipated end to the Federal Reserve’s rate hikes, leadingContinue Reading

Written on November 15, 2023 at 1:49 am
Categories: Today's Analysis