About: anakin

Recent Posts by anakin

Wall Street Prepares for Earnings Season Amidst Optimism and Economic Uncertainty

In a positive start to the week, stock markets experienced gains as Wall Street braced itself for the release of quarterly reports from major global companies. The Dow Jones Industrial Average reached its highest closing level in 2023, adding 76.32 points (0.22%) to close at 34,585.35. The S&P 500 climbed 0.39% to end the sessionContinue Reading

Written on July 18, 2023 at 3:22 am
Categories: Today's Analysis

Week Ahead: Markets to Focus on US Retail Sales and Canada, UK CPI

This week’s economic calendar features US Retail Sales figures, as well as inflation data from both the UK and Canada — all of which have the capacity to move markets significantly. Therefore, it is crucial for traders to be prepared for any volatility that may arise from these key announcements and adjust their approaches asContinue Reading

Written on July 17, 2023 at 4:06 am
Categories: Week Ahead

Stocks Rise as Inflation Data Eases Concerns

Stocks surged on Thursday as the latest inflation data came below expectations, leading to renewed optimism in the market. The S&P 500 and the Nasdaq Composite reached their highest levels in over a year, with the S&P 500 climbing 0.85% to 4,510.04 and the Nasdaq Composite advancing 1.58% to 14,138.57. The Dow Jones Industrial AverageContinue Reading

Written on July 14, 2023 at 3:13 am
Categories: Today's Analysis

Optimistic Data Spurs Stock Market Rise Amid Inflation Concerns

Stocks experienced a notable upswing on Wednesday as investors found hope in newly released data indicating the Federal Reserve’s potential to manage inflation without triggering a recession in the U.S. economy. The S&P 500 reached its highest level of the year 2023, reflecting the overall positive sentiment in the market. Bank stocks, including Citigroup andContinue Reading

Written on July 13, 2023 at 3:23 am
Categories: Today's Analysis

US Stocks Rise as Traders Await Inflation Data

U.S. stocks experienced a rebound on Tuesday, following a three-session decline, as investors eagerly awaited the release of crucial inflation data later in the week. The Dow Jones Industrial Average closed with a 0.93% gain, rising by 317.02 points to reach 34,261.42. Similarly, the S&P 500 ended the day with a 0.67% increase at 4,439.26,Continue Reading

Written on July 12, 2023 at 2:56 am
Categories: Today's Analysis