About: anakin

Recent Posts by anakin

US Stocks Rebound as Tech and Chip Sectors Drive Gains, Amidst Mixed Market Trends

On Monday, US stocks rebounded with the S&P 500 and Nasdaq Composite both gaining ground. The broader market index rose 0.58%, closing at 4,489.72, while the Nasdaq surged by 1.05% to end at 13,788.33. In contrast, the Dow Jones Industrial Average edged up 0.07%, finishing at 35,307.63. Nvidia, a key chip company, saw a notableContinue Reading

Written on August 15, 2023 at 2:11 am
Categories: Today's Analysis

Week Ahead: Markets to Focus on RBNZ Rate Statement and US Retail Sales

Important economic events will have a significant impact on the forex market this week. Keep an eye out for the Reserve Bank of New Zealand’s (RBNZ) Rate Statement and the US data for retail sales. This information could greatly influence the markets, so it’s crucial for traders to be cautious and stay on top ofContinue Reading

Written on August 14, 2023 at 1:34 am
Categories: Week Ahead

Dow Edges Higher on Disney Rally and Moderate Inflation Data

The Dow Jones Industrial Average saw a modest increase on Thursday, propelled by a surge in Disney’s stock following their post-earnings announcement of a price hike for ad-free Disney+ subscriptions. The market was also buoyed by a key inflation report that revealed slightly lower year-over-year inflation growth than economists had predicted. The blue-chip index gainedContinue Reading

Written on August 11, 2023 at 2:23 am
Categories: Today's Analysis

Stocks Decline Ahead of Inflation Data and Earnings Reports

On Wednesday, the stock market witnessed a downward shift as investors braced themselves for upcoming inflation data and evaluated a series of diverse earnings reports. The Dow Jones Industrial Average concluded the trading session with a loss of 0.54%, shedding 191.13 points to reach a closing figure of 35,123.36. Similarly, the S&P 500 registered aContinue Reading

Written on August 10, 2023 at 1:09 am
Categories: Today's Analysis

Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil

Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or 0.45%, settling at 35,314.49, while the S&P 500 ended down 0.42% at 4,499.38, reflecting aContinue Reading

Written on August 9, 2023 at 2:48 am
Categories: Today's Analysis