About: anakin
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US shares rallied on Wednesday after the Fed raised the interest rates by 75 basis points, the largest increase since 1994. In the meantime, the Fed chairman, Jerome Powell signalled that the Fed could raise interest rates by a similar magnitude in July, promising to tackle the inflation. The markets were boosted and given confidence,Continue Reading
Written on June 16, 2022 at 12:16 am
Categories: Today's Analysis
US markets were mixed on Tuesday as investors continued to brace for further rate hikes from the Fed and wait for the tier-1 economic data on Wednesday. The S&P 500 fell for a fifth day, dropping 0.38%. The Nasdaq Composite slightly rose 0.18% to close with 10,828.35 while the Dow Jones Industrial Averages declined 0.5%,Continue Reading
Written on June 15, 2022 at 12:02 am
Categories: Today's Analysis
Major sell-off intensified on Monday, turning US indices into bear market territory as recession fears grew ahead of the key FOMC meeting this week. The S&P 500 tumbled nearly 4% to 3749.83, the lowest level since 2021; the S&P 500 is now down 21% from its high, closing in the bear market territory. In theContinue Reading
Written on June 14, 2022 at 12:44 am
Categories: Today's Analysis
US equity markets lost ground on Friday following the inflation indicator, CPI, which rose 8.6% in May, the highest level since 1981. The Dow Jones Industrial Averages slid 2.73% while the S&P 500 shed 2.91%, to 3900.85. The Nasdaq Composite dropped 3.56%, to 11832.82. The inflation accelerated further in May. The CPI rose 8.6% fromContinue Reading
Written on June 13, 2022 at 12:01 am
Categories: Today's Analysis
US stocks market fell sharply ahead of a key inflation report as investors worried about the overall US economy. The Dow Jones Industrial Average slid 1.94% while the S&P 500 fell 2.38%. And the Nasdaq Composite shed 2.75%, finishing with 11,754.23. Major technology companies struggled on Thursday as investors were concerned if the CPI figureContinue Reading
Written on June 10, 2022 at 12:29 am
Categories: Today's Analysis
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