About: anakin

Recent Posts by anakin

Stocks Slip as Market Consolidates Gains, Eyes Fed’s Inflation Target

On Monday, the S&P 500 ended the day lower, wiping out earlier gains that had brought the index to its highest level in nine months. The S&P 500 lost 0.2%, closing at 4,273.79, while the Nasdaq Composite dipped 0.09% to 13,229.43, and the Dow Jones Industrial Average dropped 0.59% to 33,562.86. Apple’s stock declined byContinue Reading

Written on June 6, 2023 at 2:03 am
Categories: Today's Analysis

Week Ahead: Markets to Focus on US ISM Services PMI, and RBA and BOC Rate Statements

In the week ahead, market participants will turn their attention to key economic events including the US ISM Services PMI, as well as rate statements from the Reserve Bank of Australia (RBA) and the Bank of Canada (BOC). As analysts make their predictions, all eyes will be on these releases to understand their potential impactContinue Reading

Written on June 5, 2023 at 1:45 am
Categories: Week Ahead

Stocks Rise as U.S. House Passes Debt Ceiling Bill, Earnings Reports Impact Market

Stocks experienced gains as the U.S. House of Representatives successfully passed a debt ceiling bill, reducing the risk of a default. Despite a 4.7% decline in Salesforce shares following their earnings report, the Dow Jones Industrial Average rose by 0.47%, closing at 33,061.57. The S&P 500 and Nasdaq Composite also reached their highest levels sinceContinue Reading

Written on June 2, 2023 at 3:00 am
Categories: Today's Analysis

Stocks Fall as Debt Ceiling Debate Looms and May Trading Month Ends

Stocks declined on Wednesday as investors closely watched the federal debt ceiling debate in Washington. The Dow Jones Industrial Average dropped 0.41%, the S&P 500 dipped 0.61%, and the Nasdaq Composite slipped 0.63%. A debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy progressed to the House floor, with a vote expectedContinue Reading

Written on June 1, 2023 at 2:37 am
Categories: Today's Analysis

Wall Street Weighs Debt Ceiling Deal and Fed Rate Hike Concerns Amidst Dow Jones Decline

On Tuesday, the Dow Jones Industrial Average experienced a decline as investors considered the prospects of Congress passing a tentative deal to raise the U.S. debt ceiling. The index closed down 50.56 points or 0.15% at 33,042.78. Meanwhile, the S&P 500 managed to eke out a minimal gain of 0.002%, closing at 4,205.52, and theContinue Reading

Written on May 31, 2023 at 3:18 am
Categories: Today's Analysis