Category Archives: Today’s Analysis
Written on May 12, 2022 at 1:35 am, by anakin
U.S. equity markets experienced another drop as CPI data came in above estimates. The Dow Jones Industrial Average lost 1.02% to close at 31834.11. The S&P 500 slid 1.65% to close at 3935.18. The Nasdaq composite dropped 3.18% to close at 11364.23. April CPI data came in at 8.3%, compared with estimates of 8.1%, andContinue Reading
Written on May 11, 2022 at 12:59 am, by anakin
U.S. equities rebounded slightly throughout yesterday’s trading. The Dow Jones Industrial Average rallied 500 points at the start of trading, but the index could not retain its upward momentum and closed 0.26% lower at 32160.74. The S&P 500 edged 0.25% higher to close at 4001.06. The Nasdaq composite climbed 0.98% to close at 11737.67. TheContinue Reading
Written on May 10, 2022 at 12:33 am, by anakin
U.S. equities fell sharply on the first trading day of the week. The Dow Jones Industrial Average dropped 1.99% to close at 32245.7, the S&P 500 slid 3.2% to close at 3991.24, and the Nasdaq Composite tumbled 4.29% to close at 11623.25. The benchmark U.S. 10-year Treasury yield, on the other hand, climbed well pastContinue Reading
Written on May 9, 2022 at 1:06 am, by anakin
U.S. equities markets edged lower on the last trading day of the week. The Dow Jones Industrial Average lost 0.3% to close at 32899.37, the S&P 500 shed 0.57% to close at 4123.34, and the Nasdaq Composite dropped 1.4% to close at 12144.66. With the U.S. 10-year treasury yield soaring past 3%, market participants continueContinue Reading
Written on May 6, 2022 at 1:37 am, by anakin
U.S. equities experienced a sharp sell-off over the course of the previous trading day. The Dow Jones Industrial Average plummeted 3.12% to close at 32997.97, the S&P 500 fell 3.57% to close at 4146.87, and the Nasdaq Composite crashed 4.99% to close at 12317.69. U.S. equities sold off while the U.S. 10-year Treasury yield soaredContinue Reading
Written on May 5, 2022 at 12:21 am, by anakin
The Federal Reserve stated that quantitative tightening or the removal of assets from the central bank’s $9 trillion balance sheet will begin on June 1. The Fed will first allow up to $47.5 billion of US Treasuries and mortgage-backed securities to flow off the balance sheet in this situation. That rate would rise to $95Continue Reading
Written on May 4, 2022 at 1:12 am, by anakin
US stock advanced on Tuesday amid a better market mood, facing another volatile session as investors await the key Fed policy announcements later this week. The Fed is expected to raise rates by 50 basis points on Wednesday and traders will be closely watching for any clues on whether a 75 bps hike is possibleContinue Reading
Written on May 3, 2022 at 12:37 am, by anakin
Markets experienced a mild rally on the first trading day of May. The Dow Jones Industrial Average increased 0.26 percent to 33061.5, the S&P 500 increased 0.57 percent to 4155.38, and the Nasdaq Composite increased 1.63 percent to 12536.02. The technology and telecoms sectors were instrumental in Nasdaq’s recovery. With the Federal Reserve’s interest rateContinue Reading
Written on May 2, 2022 at 12:01 am, by anakin
U.S. equities continue to lose ground on the last trading day of the week. The Dow Jones Industrial Average dropped 2.77% to close at 32977.21, the S&P 500 slipped 3.63% to close at 4131.93, and the Nasdaq Composite dived 4.17% to close at 12334.64. The Nasdaq’s sharp drop marked the index’s worst month since 2008.Continue Reading
Written on April 29, 2022 at 1:00 am, by anakin
U.S. equities closed sharply higher Thursday, led by technology shares as markets continued recovery from steep losses earlier this week. S&P 500 climbed 2.5%, and Dow Jones surged by more than 600 points or 1.8%. The tech-heavy Nasdaq Composite jumped 3.1% to cap trading, marking its best rise since March on the heels of stronger-than-expectedContinue Reading
