About: anakin

Recent Posts by anakin

S&P 500 Continues Winning Streak, Tech Giants Propel Communication Sector, and Currency Markets Navigate Fed Rate Cut Speculations

The stock market witnessed a persistent upward trend with the S&P 500 maintaining a seven-week winning streak, inching closer to its previous all-time high. While the Dow Jones Industrial Average showed marginal movement, the S&P 500 surged by 0.45%, notably driven by gains in mega-cap tech companies like Meta Platforms and Alphabet. U.S. Steel sharesContinue Reading

Written on December 19, 2023 at 3:10 am
Categories: Today's Analysis

Week ahead: Markets to focus on Bank of Japan rate decision and UK, Canada inflation data

This week, the market’s focus will primarily revolve around the Bank of Japan’s rate decision. Investors are eagerly anticipating any statements from the bank’s governor Kazuo Ueda, especially after observing the impact of the strong Japanese Yen arising from a weakening US Dollar. In addition to this, consumer price index (CPI) and gross domestic productContinue Reading

Written on December 18, 2023 at 2:50 am
Categories: Week Ahead

Stock Market Hits Record Highs: Dow Jones, S&P 500, and Nasdaq Surge Amidst Rate Cut Speculation

The stock market soared to record highs as the Dow Jones Industrial Average closed at 37,248.35 points, marking a 0.43% increase, spurred by a drop in the 10-year Treasury note yield. This surge resonated in the S&P 500 and Nasdaq, both climbing upwards. Investor confidence in a potential soft economic landing for 2024 grew, withContinue Reading

Written on December 15, 2023 at 4:06 am
Categories: Today's Analysis

Fed’s Rate Cut Signals Propel Stock Market to Record Highs

The stock market surged to historic heights as the Dow Jones Industrial Average closed above 37,000 for the first time, fueled by the Federal Reserve’s indication of upcoming rate cuts amidst eased inflation projections. This move drove notable gains across indices and sectors, with banking stocks like Bank of America and Wells Fargo rising significantly,Continue Reading

Written on December 14, 2023 at 3:03 am
Categories: Today's Analysis

S&P 500, Dow Jones, and Nasdaq Reach New Highs Amid CPI Figures, Oracle and Macy’s Impact Sector Dynamics

Despite the S&P 500, Dow Jones, and Nasdaq reaching new peaks amidst the consumer price index (CPI) rising as anticipated, the market remains divided in response. Analysts note both bullish and bearish sentiments, with investors bracing for potential strategic investment opportunities. Oracle’s 12% decline and Macy’s 8% drop affect sector dynamics, while currency markets respondContinue Reading

Written on December 13, 2023 at 3:00 am
Categories: Today's Analysis