Category Archives: Today’s Analysis
Stocks Slip as Investors Await Inflation Data and Debt Limit Progress
Written on May 10, 2023 at 2:53 am, by anakin
Stocks closed lower on Tuesday as investors prepared for upcoming inflation reports and monitored progress on the U.S. debt limit. The S&P 500 and the Nasdaq Composite experienced declines of 0.46% and 0.6% respectively, while the Dow Jones Industrial Average remained relatively flat with a 0.17% decline. President Joe Biden and House Speaker Kevin McCarthyContinue Reading
Mixed Market Reaction as Investors Await Key Inflation Data and Banking Sector Stability
Written on May 9, 2023 at 4:50 am, by anakin
The S&P 500 closed near the flat line on Monday, with investors anticipating crucial inflation readings, including the consumer price index report for April. Despite minor fluctuations, the broad market index ended the session at 4,138.12, reflecting a marginal gain of 0.05%. The Nasdaq Composite performed slightly better, adding 0.18% and closing at 12,256.92, whileContinue Reading
US Stocks Continue Decline Amid Regional Bank Contagion Concerns with Non-Farm Payroll Report in Focus
Written on May 5, 2023 at 3:09 am, by anakin
On Thursday, the Dow Jones Industrial Average fell 0.86%, the S&P 500 slid 0.72%, and the Nasdaq Composite shed 0.49%, marking the fourth consecutive day of declines for the major indexes. The decline was caused by contagion fears in the regional bank space as PacWest’s shares tanked over 50% due to news that the CaliforniaContinue Reading
Fed Raises Rates for 10th Time in Current Cycle, Signals Cautious Approach to Future Increases
Written on May 4, 2023 at 2:59 am, by anakin
On Wednesday, S&P 500 futures and Dow Jones Industrial Average futures both fell, by 0.2% and 0.2%, respectively, while Nasdaq 100 futures remained flat, up 0.06%. The drop was attributed to the Federal Reserve’s decision to increase rates by 25 basis points and concerns over contagion in the regional bank sector. PacWest’s shares plummeted moreContinue Reading
Stocks Fall as Contagion Fears in Regional Banking Sector Return Ahead of Fed’s Rate Decision
Written on May 3, 2023 at 1:30 am, by anakin
On Tuesday, stock markets experienced a sharp decline due to concerns among traders about contagion in the regional banking sector ahead of the Federal Reserve’s rate decision. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all fell for a second consecutive session. Bank shares also declined, with the SPDR S&P RegionalContinue Reading
US Stock Market Sees Monthly Gains, Investors Await Federal Reserve Meeting and Earnings Reports
Written on May 2, 2023 at 2:00 am, by anakin
On Friday, the Dow Jones Industrial Average saw an increase, achieving its best monthly performance since January. The blue-chip index finished 0.8% higher, with the S&P 500 and the Nasdaq Composite also recording gains. The Dow rose by 2.5% for April, while the S&P 500 recorded a 1.5% monthly gain. More than half of S&PContinue Reading
US Stocks Gain on Tech Earnings Despite GDP Miss
Written on April 28, 2023 at 4:38 am, by anakin
On Thursday, the US stock market closed higher due to solid earnings from Meta Platforms, which boosted tech-related companies. The Dow Jones Industrial Average increased by 1.57% to 33,826.16, the Nasdaq Composite rose 2.43% to 12,142.24, and the S&P 500 climbed 1.96% to 4,135.35. It was the best day since January for the Dow andContinue Reading
First Republic Bank concerns overshadow Big Tech excitement as Dow Jones loses over 200 points
Written on April 27, 2023 at 3:32 am, by anakin
Investor worries over First Republic Bank overshadowed excitement around Big Tech earnings, causing the Dow Jones Industrial Average to lose more than 200 points. First Republic Bank slid nearly 30%, extending losses after falling almost 50% on Tuesday. The regional bank reported a 40% drop in deposits to $104.5 billion in the first quarter, reignitingContinue Reading
Strong Earnings from Big Tech Firms Drive US Stock Futures Higher, First Republic Bank’s Deposit Drop Raises Concerns
Written on April 26, 2023 at 2:52 am, by anakin
Big Tech earnings, led by Alphabet and Microsoft, boosted US stock futures on Tuesday evening. Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures added 0.4%, and Nasdaq 100 futures increased by 1.2%. Microsoft beat Wall Street’s expectations in its latest quarter and posted strong revenue from its Intelligent Cloud business segment, driving sharesContinue Reading
Nasdaq Slips as Investors Await Tech Earnings Reports and Economic Data
Written on April 25, 2023 at 2:13 am, by anakin
On Monday, the Nasdaq Composite dropped as investors awaited corporate earnings reports from major tech companies and new economic data. The tech-heavy index closed at 12,037.20, down 0.29%, while the Dow Jones Industrial Average ended up 0.2% and the S&P 500 closed 0.09% higher. The market is eagerly anticipating earnings reports from high-interest companies likeContinue Reading
