Category Archives: Today’s Analysis
Written on June 23, 2022 at 12:09 am, by anakin
US shares edged slightly lower on Wednesday in choppy trading as markets struggled to sustain a rebound from earlier Wednesday following the hearing from the Fed Chairman Jerome Powell. The Dow Jones Industrial Averages fell 0.15% while the S&P 500 dropped 0.13%; in the meantime, the Nasdaq Composite edged 0.15% lower to 11,053.08 at theContinue Reading
Written on June 22, 2022 at 12:28 am, by anakin
US shares jumped on Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and digested rising chances of a possible recession. The technology-heavy weighted Index, the Nasdaq Composite led the rally, popping 2.51% on Tuesday. The S&P 500 climbed 2.45%, and the Dow Jones Industrial Averages edged 2.15% higher, coming backContinue Reading
Written on June 21, 2022 at 12:21 am, by anakin
After cryptocurrencies faced a major sell-off, Solend, a lending platform built on the Solana blockchain, attempted to gain control of its most extensive account to stop it from collapsing the system. The largest account, the so-called “whale” account, might influence the market movements significantly if the largest account holder decided to sell- off its assets.Continue Reading
Written on June 20, 2022 at 12:05 am, by anakin
The Nasdaq Composite and the S&P 500 bounced slightly on Friday as investors attempted to find some footing following a brutal week. All three US indices ended the week with a negative. The Nasdaq rose 1.43% while the S&P 500 climbed 0.22% to 3,674.84. The Dow Jones Industrial Average declined 0.13%, remaining below 30,000. GivenContinue Reading
Written on June 17, 2022 at 12:24 am, by anakin
US equity markets sank on Thursday and reversed the gains from Wednesday as investors worried the Fed’s aggressive monetary policy might lead the US economy into a recession. The Dow Jones Industrial Average tumbled below the psychological and key 30,000 level for the first time since early 2021. And the S&P 500 shed 3.25% whileContinue Reading
Written on June 16, 2022 at 12:16 am, by anakin
US shares rallied on Wednesday after the Fed raised the interest rates by 75 basis points, the largest increase since 1994. In the meantime, the Fed chairman, Jerome Powell signalled that the Fed could raise interest rates by a similar magnitude in July, promising to tackle the inflation. The markets were boosted and given confidence,Continue Reading
Written on June 15, 2022 at 12:02 am, by anakin
US markets were mixed on Tuesday as investors continued to brace for further rate hikes from the Fed and wait for the tier-1 economic data on Wednesday. The S&P 500 fell for a fifth day, dropping 0.38%. The Nasdaq Composite slightly rose 0.18% to close with 10,828.35 while the Dow Jones Industrial Averages declined 0.5%,Continue Reading
Written on June 14, 2022 at 12:44 am, by anakin
Major sell-off intensified on Monday, turning US indices into bear market territory as recession fears grew ahead of the key FOMC meeting this week. The S&P 500 tumbled nearly 4% to 3749.83, the lowest level since 2021; the S&P 500 is now down 21% from its high, closing in the bear market territory. In theContinue Reading
Written on June 13, 2022 at 12:01 am, by anakin
US equity markets lost ground on Friday following the inflation indicator, CPI, which rose 8.6% in May, the highest level since 1981. The Dow Jones Industrial Averages slid 2.73% while the S&P 500 shed 2.91%, to 3900.85. The Nasdaq Composite dropped 3.56%, to 11832.82. The inflation accelerated further in May. The CPI rose 8.6% fromContinue Reading
Written on June 10, 2022 at 12:29 am, by anakin
US stocks market fell sharply ahead of a key inflation report as investors worried about the overall US economy. The Dow Jones Industrial Average slid 1.94% while the S&P 500 fell 2.38%. And the Nasdaq Composite shed 2.75%, finishing with 11,754.23. Major technology companies struggled on Thursday as investors were concerned if the CPI figureContinue Reading
