Category Archives: Today’s Analysis
Written on June 9, 2022 at 12:27 am, by anakin
US equities edged lower on Wednesday amid the concern of inflationary pressure and the rising US Treasury yields. The Dow Jones Industrial Average dipped 0.81%, 270 points. The Nasdaq Composite shed 0.73% while the S&P 500 dropped 1.08% to end at 4,115.77. Markets continued to monitor the signs of slowing economic growth ahead of theContinue Reading
Written on June 8, 2022 at 12:33 am, by anakin
US equities edged higher despite the retail giant, Target issuing a warning about its current quarter’s profits, pressuring the broader retail sector. The Dow Jones Industrial Average was up 0.8%. The S&P 500 rose 0.95% while the Nasdaq Composite climbed 0.94%. The three major indices opened solidly lower but turned positive as the day progressedContinue Reading
Written on June 7, 2022 at 12:26 am, by anakin
US markets moved slightly higher on Monday as investors tried to rebound from a losing week. The Nasdaq Composite rose 0.40% while the S&P 500 was up 0.31%: the Dow Jones Industrial Average was once up as high as 300 points, but gave up some of its gains following the benchmark 10- year treasury yieldContinue Reading
Written on June 6, 2022 at 12:14 am, by anakin
US equities resumed on Friday amid the fears of an economic slowdown and soaring pace of inflation, despite the US economy adding 390,000 jobs in May, better than expected, by 328,000. The Nasdaq Composite slumped 2.67% while the Dow Jones Industrial Averages dropped 1.05%. The S&P 500 declined 1.67% to end the week, tipping theContinue Reading
Written on June 3, 2022 at 12:14 am, by anakin
U.S. equities markets rebounded on Thursday. The Dow Jones Industrial Average rose 1.33% to close at 33248.28. The S&P 500 gained 1.84% to close at 4176.82. The Nasdaq composite rallied 2.69% to close at 12316.9. Before markets opened, Microsoft warned that revenue and earnings would come in below analyst estimates, thus sending bearing shockwaves throughoutContinue Reading
Written on June 2, 2022 at 12:17 am, by anakin
U.S. stocks fell on the first day of June after JPMorgan Chase President Jamie Dimon warned sharply of the impact of Hurricane Sandy on the U.S. economy. The S&P 500 was down 0.7%, the Dow Jones was down 0.5% and the Nasdaq was down 0.7% on Wednesday. After rebounding in the trading session, the majorContinue Reading
Written on June 1, 2022 at 12:24 am, by anakin
U.S. equities markets resumed trading on the last day of May and closed slightly lower following last week’s positive mood shift. The Dow Jones Industrial Average dropped 0.67% to close at 32990.12. The S&P 500 lost 0.63% to close at 4132.15. The Nasdaq Composite slipped 0.41% to close at 12081.39. The energy sector fared worseContinue Reading
Written on May 31, 2022 at 12:20 am, by anakin
U.S. equity markets were closed on the 30th in celebration of memorial day, and markets will reopen for trading on the 31st. After the tremendous crash of UST and Luna, the team behind the Terra blockchain project has voted to revive Luna but not TerraUSD, the stablecoin. Previous Luna tokens are now branded as “LunaContinue Reading
Written on May 30, 2022 at 12:37 am, by anakin
U.S. equity markets ended the week on a high note. The Dow Jones industrial average rose 1.76% to close at 33212.96. The S&P 500 jumped 2.47% to close at 4158.24. The Nasdaq composite leaped 3.33% to close at 12131.13. Friday’s rally in equities was assisted by the personal consumption expenditure price index, which rose 4.9%Continue Reading
Written on May 27, 2022 at 12:25 am, by anakin
U.S. equities markets rallied on Wednesday’s trading. The Dow Jones Industrial Average rose 1.61% to close at 32637.19. The S&P 500 climbed 1.99% to close at 4057.84. The Nasdaq composite gained 2.68% to close at 11740.65. Wednesday’s rebound could be a short-term recovery after equities saw heavy selling over the past month. Global macro-economic factorsContinue Reading
