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Daily Market Analysis Market Focus US equity market took a hit at its opening on Tuesday ahead of Powell testimony, the S&P 500 Index declined as much as 1.8% whereas the Nasdaq 100 plunge reached 3.5%. These losses were mostly pared after reassuring comments from the Fed chairman Jerome Powell on inflation and the outlookContinue Reading
Written on February 24, 2021 at 3:21 am
Categories: Today's Analysis
Daily Market Analysis Market Focus Tech stocks dropped on valuation concerns while commodities rallied, and bond yields rose with investors pricing in stronger growth and faster inflation as the global economy recovers. The Nasdaq 100 tumbled more than 2.5% to a three-week low as investors questioned the appeal of expensive, growth-focused stocks. The S&P 500Continue Reading
Written on February 23, 2021 at 4:22 am
Categories: Today's Analysis
Daily Market Analysis Market Focus US equities slightly edged to the downside amid continuously rising US Treasury yields, hit as high as 1.36%. Soaring yields could derail the ongoing economic recovery by rising borrowing cost and depressing price. The S&P 500 Index fell 0.1% with materials and industrial stocks leading the gain whilst utilities sufferedContinue Reading
Written on February 22, 2021 at 7:59 am
Categories: Today's Analysis
Daily Position Report Market Focus US stocks and bonds pared losses amid lingering concern rising borrowing costs could cap a rally that’s driven equity values to historic highs. The tech-heavy Nasdaq 100 trimmed its loss by more than half to 0.6%. The energy and technology sectors weighed on the SP 500, while utilities were inContinue Reading
Written on February 19, 2021 at 4:02 am
Categories: Today's Analysis
Daily Position Report Market Focus US equity market dropped on a second day amid rising long term treasury yield, the US 10-year treasury yield hit as high as 1.33% prior to some pullbacks. Technology stocks lead the decline, with the Nasdaq Composite Index retreated 0.54% from high. Meanwhile, energy stocks like Devon Energy Corp. andContinue Reading
Written on February 18, 2021 at 5:13 am
Categories: Today's Analysis
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