About: anakin

Recent Posts by anakin

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 500 climbed 0.63% to reach 4,433.31, and the Nasdaq Composite advanced by 0.84% to finishContinue Reading

Written on August 29, 2023 at 1:19 am
Categories: Today's Analysis

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 caution and stay well-informed to optimise their trading efforts throughout the week. Here are someContinue Reading

Written on August 28, 2023 at 1:05 am
Categories: Week Ahead

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 Jerome Powell. The Dow Jones Industrial Average closed with a hefty loss of 373.56 points,Continue Reading

Written on August 25, 2023 at 3:44 am
Categories: Today's Analysis

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 0.5%, the S&P 500 had its best daily performance since June 30 with a 1.1%Continue Reading

Written on August 24, 2023 at 2:01 am
Categories: Today's Analysis

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 Average followed suit, slipping by 0.5% to 34,288.83, while the Nasdaq Composite managed a smallContinue Reading

Written on August 23, 2023 at 3:39 am
Categories: Today's Analysis