About: anakin
Recent Posts by anakin
Market Focus US stocks have continued to fall in the past trading day and have been weak since the market opened. After the US consumer price inflation report in October was much hotter than expected, inflation concerns led to massive sell-offs. The data shows that the overall CPI rose 6.2% YoY and 0.9% MoM, muchContinue Reading
Written on November 11, 2021 at 12:56 am
Categories: Today's Analysis
Market Focus U.S. stocks halted the longest rally since 2017, sending major indices lower from all-time highs as Treasuries surged. The S&P 500 fell for the first time in nine sessions, led by a drop in financial shares that came under pressure as the 10-year yield slumped to the lowest level in seven weeks. NasdaqContinue Reading
Written on November 10, 2021 at 7:39 am
Categories: Today's Analysis
Market Focus Major three indexes closed at a record high on Monday, as investors bought materials, energy and technology stocks because of their apparent optimism about the economic outlook. Last night, the Dow Jones Industrial Average rose 0.29% and up 104.27 points, the S&P 500 inched up by 4.17 points, or 0.1%, and the NasdaqContinue Reading
Written on November 9, 2021 at 6:58 am
Categories: Today's Analysis
Stocks surged at the end of the week, with major indices rallying to fresh highs as investors reacted positively to the October jobs reports, which showed a better-than-expected pick-up in payroll growth and further improvement in the unemployment rate. The S&P 500 rose about 2% for the week to mark a fifth consecutive weekly gainContinue Reading
Written on November 8, 2021 at 7:50 am
Categories: Today's Analysis
Market Focus Another day, the S&P 500 index and the Nasdaq 100 index once again set a record closing. This marked the close of six records of the two indexes in the past six trading days. The S&P 500 index rose 0.42% to close at 4680 points, while the Nasdaq 100 index rose 1.25% toContinue Reading
Written on November 5, 2021 at 7:05 am
Categories: Today's Analysis
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