About: anakin
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The Federal Reserve stated that quantitative tightening or the removal of assets from the central bank’s $9 trillion balance sheet will begin on June 1. The Fed will first allow up to $47.5 billion of US Treasuries and mortgage-backed securities to flow off the balance sheet in this situation. That rate would rise to $95Continue Reading
Written on May 5, 2022 at 12:21 am
Categories: Today's Analysis
US stock advanced on Tuesday amid a better market mood, facing another volatile session as investors await the key Fed policy announcements later this week. The Fed is expected to raise rates by 50 basis points on Wednesday and traders will be closely watching for any clues on whether a 75 bps hike is possibleContinue Reading
Written on May 4, 2022 at 1:12 am
Categories: Today's Analysis
Markets experienced a mild rally on the first trading day of May. The Dow Jones Industrial Average increased 0.26 percent to 33061.5, the S&P 500 increased 0.57 percent to 4155.38, and the Nasdaq Composite increased 1.63 percent to 12536.02. The technology and telecoms sectors were instrumental in Nasdaq’s recovery. With the Federal Reserve’s interest rateContinue Reading
Written on May 3, 2022 at 12:37 am
Categories: Today's Analysis
U.S. equities continue to lose ground on the last trading day of the week. The Dow Jones Industrial Average dropped 2.77% to close at 32977.21, the S&P 500 slipped 3.63% to close at 4131.93, and the Nasdaq Composite dived 4.17% to close at 12334.64. The Nasdaq’s sharp drop marked the index’s worst month since 2008.Continue Reading
Written on May 2, 2022 at 12:01 am
Categories: Today's Analysis
U.S. equities closed sharply higher Thursday, led by technology shares as markets continued recovery from steep losses earlier this week. S&P 500 climbed 2.5%, and Dow Jones surged by more than 600 points or 1.8%. The tech-heavy Nasdaq Composite jumped 3.1% to cap trading, marking its best rise since March on the heels of stronger-than-expectedContinue Reading
Written on April 29, 2022 at 1:00 am
Categories: Today's Analysis
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