About: anakin

Recent Posts by anakin

Tech-Led Nasdaq Downturn Sparks Market Jitters: Fed Uncertainty and Dollar Strength Unsettle Investors

The stock market opened the year with the Nasdaq Composite facing significant losses, marking a 1.18% decrease following the tech giants’ downturn, influenced by Apple’s nearly 4% drop. This decline, paired with the S&P 500 and Dow Jones slipping, reflected a broader tech sell-off. The uncertainty surrounding the Federal Reserve’s rate cut plans triggered thisContinue Reading

Written on January 4, 2024 at 2:00 am
Categories: Today's Analysis

Slight Bearish Start to 2024 Amid Tech Leader Struggles and Defensive Stocks’ Rise

The new year began with a mild downturn in the stock market, seeing the S&P 500 drop by 0.57% after an impressive 2023. Tech giants like Apple faced setbacks, while defensive stocks supported the Dow Jones. Despite this, the market enjoyed a bullish run in 2023 due to a strong economy and Fed signals. AnalystsContinue Reading

Written on January 3, 2024 at 2:15 am
Categories: Today's Analysis

Week Ahead: 2024 Opening Week’s Key Economic Indicators

The inaugural week of 2024 is poised to be a dynamic period for traders and investors, with a spotlight on critical economic indicators that are expected to shape market sentiments. Among the pivotal data releases are the ISM Manufacturing and Services PMI from the US, the German Preliminary CPI from the EU, and the highlyContinue Reading

Written on January 2, 2024 at 2:39 am
Categories: Week Ahead

2023 Year-End Stock Market Rally Sets Stage for Bullish 2024: Indices Near Records

In the penultimate trading session of the year, the S&P 500 approached an all-time high, indicating a robust finish to an exceptionally bullish year for stocks. The Dow Jones Industrial Average secured a new record, while the Nasdaq Composite saw a slight dip. With major indices poised to end 2023 on gains, projected around 13.8%Continue Reading

Written on December 29, 2023 at 3:10 am
Categories: Today's Analysis

S&P 500 Inches Towards Record High: Analysts Eye ‘Santa Claus Rally’ Amidst Concerns

Stocks closed higher as the S&P 500 edged up 0.14%, nearing its all-time high from January 2022. The Dow Jones Industrial Average also hit a new closing high, while the Nasdaq Composite rose 0.16%, marking an eight-week winning streak. Analysts anticipate a potential ‘Santa Claus rally’ despite concerns over market over-optimism, cautioning investors about unexpectedContinue Reading

Written on December 28, 2023 at 2:45 am
Categories: Today's Analysis