About: anakin

Recent Posts by anakin

Stocks Inch Higher as Second Half Begins with Positive Momentum

In a shortened session marking the start of a new trading month, quarter, and half, stock markets experienced slight gains on Monday. The Dow Jones Industrial Average rose by 0.03%, adding 10.87 points to close at 34,418.47. Similarly, the S&P 500 climbed 0.12% to end at 4,455.59, while the Nasdaq Composite advanced 0.21% to 13,816.77.Continue Reading

Written on July 4, 2023 at 2:52 am
Categories: Today's Analysis

Week Ahead: Markets to Focus on FOMC Meeting Minutes and US Jobs Reports

As we kick off a new week, market watchers will focus on two key events: the release of the Federal Open Market Committee (FOMC) meeting minutes and the US jobs reports. Both have the potential to influence market trends significantly and offer vital insights into the health of the US economy. Switzerland’s Consumer Price IndexContinue Reading

Written on July 3, 2023 at 1:34 am
Categories: Week Ahead

Dow Jones Rises as Banks Pass Stress Test and Upward GDP Revision Eases Recession Fears

The Dow Jones Industrial Average experienced gains as major banks passed the Federal Reserve’s stress test, while an upward revision of the GDP provided relief against recession concerns. The 30-stock index surged by 0.8%, gaining 269.76 points to close at 34,122.42. JPMorgan Chase, Goldman Sachs, Wells Fargo, and other financial stocks saw significant increases, withContinue Reading

Written on June 30, 2023 at 3:18 am
Categories: Today's Analysis

Fed’s Monetary Policy Outlook Weighs on S&P 500, Nasdaq Shines in Tech Rally

The S&P 500 saw minimal movement on Wednesday as investors closely analyzed Federal Reserve Chair Jerome Powell’s remarks regarding future monetary policy. Powell emphasized the likelihood of more restrictive measures to combat inflation, including potential consecutive interest rate hikes. His comments, made at the ECB Forum on Central Banking, alongside other global central bankers, hadContinue Reading

Written on June 29, 2023 at 2:31 am
Categories: Today's Analysis

Tech Stocks Lead Dow Jones Rebound as First Half Nears Conclusion

In a much-needed boost for the market, the Dow Jones Industrial Average rebounded after a seven-day slump, as investors embraced tech stocks ahead of the end of the first half. The index gained 0.63%, or 212.03 points, closing at 33,926.74. The S&P 500 and Nasdaq Composite also experienced substantial gains of 1.15% and 1.65% respectively,Continue Reading

Written on June 28, 2023 at 3:33 am
Categories: Today's Analysis