About: anakin

Recent Posts by anakin

Weekly Market Outlook: Navigating through economic indicators and Central Bank policies

As we step into the week commencing March 4th, anticipation fills the financial sphere for a flurry of significant economic disclosures. Investors and policymakers alike brace themselves for a cascade of reports set to influence the Federal Reserve’s trajectory leading up to the forthcoming FOMC meeting on March 19-20. All eyes are fixed on FederalContinue Reading

Written on March 4, 2024 at 2:21 am
Categories: Week Ahead

Nasdaq Hits Record Close Fueled by Tech Rally, Dollar Strengthens Amidst Economic Anticipation

On Thursday, the Nasdaq Composite achieved a record close at 16,091.92, its highest since November 2021, driven by a surge in tech stocks, particularly those involved in artificial intelligence. This uplift in the stock market saw the S&P 500 also reaching new heights, alongside modest gains for the Dow Jones, marking a continuation of WallContinue Reading

Written on March 1, 2024 at 2:52 am
Categories: Today's Analysis

Stock Market Dips Ahead of Key Inflation Report, Tech Shares and Dollar Movements in Focus

On Wednesday, stocks saw a decline as investors awaited an important inflation report due later in the week, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experiencing losses. Notable decliners included UnitedHealth, Intel, Alphabet, and Urban Outfitters, the latter due to disappointing quarterly results. The market’s attention is now on January’sContinue Reading

Written on February 29, 2024 at 4:12 am
Categories: Today's Analysis

Mixed Stock Market Results as Investors Await Inflation Data; Currency Market Sees Nuanced Movements

On Tuesday, the stock market displayed mixed outcomes with the S&P 500 and Nasdaq Composite experiencing slight gains, while the Dow Jones Industrial Average faced a minor decline amidst anticipation for upcoming inflation data. Corporate earnings, particularly from Macy’s and Lowe’s, alongside economic indicators, played significant roles in market dynamics. Meanwhile, the currency market witnessedContinue Reading

Written on February 28, 2024 at 2:48 am
Categories: Today's Analysis

Stocks Dip Amid Inflation Data Anticipation, Amazon Joins Dow

On Monday, the stock market experienced a downturn, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closing lower, moving away from recent record highs. This shift comes as investors brace for a slew of economic data, including a crucial inflation measure and updates on consumer spending, which could impact Federal ReserveContinue Reading

Written on February 27, 2024 at 12:47 am
Categories: Today's Analysis