About: anakin

Recent Posts by anakin

Mixed Market Trends as Treasury Yields Fluctuate: Wall Street Prepares for Tech Giants’ Earnings Amidst Rising Concerns

On Monday, the stock market witnessed mixed fortunes as the Nasdaq Composite edged higher while the Dow Jones and S&P 500 experienced declines, influenced by fluctuations in Treasury yields. The 10-year Treasury yield breached the 5% mark, sparking worries of further monetary tightening and its potential impact on the economy. As Wall Street endured aContinue Reading

Written on October 24, 2023 at 3:40 am
Categories: Today's Analysis

Week Ahead: All Eyes on BOC Rate Statement and ECB Rate Statement

Several key events are expected to influence the financial markets this week, including interest rate decisions from the Bank of Canada (BOC) and the European Central Bank (ECB). In light of this, we recommend traders to exercise caution in their trading preparations, keeping in mind the potential for increased market volatility. Here are some keyContinue Reading

Written on October 23, 2023 at 4:06 am
Categories: Week Ahead

Stocks Decline as Powell’s Comments and Bond Yields Add Uncertainty

In the latest trading session, stock markets experienced a decline as investors reacted to Federal Reserve Chair Jerome Powell’s remarks regarding elevated inflation and monitored the rise in the benchmark U.S. 10-year Treasury yield. The Dow Jones Industrial Average fell by 0.75%, concluding at 33,414.17, while the S&P 500 and Nasdaq Composite also saw dropsContinue Reading

Written on October 20, 2023 at 3:08 am
Categories: Today's Analysis

Stocks Tumble as Earnings Reports Disappoint, Treasury Yields Surge

In a tumultuous day for the stock market, major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, saw significant declines as corporate earnings reports fell short of expectations. The 10-year Treasury yield reached levels not seen since 2007, signaling rising interest rates, while mortgage rates hit a two-decade high. Individual companiesContinue Reading

Written on October 19, 2023 at 3:00 am
Categories: Today's Analysis

US Dollar Edges Steady as Stock Futures Dip, Wall Street Awaits Key Reports and Examines Earnings Season Performance

Stock futures showed a slight decline in anticipation of crucial financial reports, with Dow Jones Industrial Average futures falling by 0.1% and both S&P 500 and Nasdaq-100 futures edging lower by the same margin. United Airlines and J.B. Hunt faced notable declines due to soft guidance and disappointing results, respectively. As earnings season continues, companiesContinue Reading

Written on October 18, 2023 at 3:04 am
Categories: Today's Analysis