Category Archives: Today’s Analysis
Written on January 11, 2022 at 2:37 am, by anakin
Market Focus The broad U.S. equity market continued to suffer for the second week of 2022. The Dow Jones Industrial Average lost 0.45% to close at 36068.87, the S&P 500 lost 0.14% to close at 4670.29, while the Nasdaq gained 0.05% to close at 14942.83 and end a 5 day losing streak. The benchmark U.S.Continue Reading
Written on January 7, 2022 at 12:30 am, by anakin
Market Focus The S&P 500 index closed almost unchanged on Thursday as technology stocks fell, but financial and energy stocks provided support a day after the market sold off due to the hawkish tendencies in the Fed’s meeting minutes. On the economic front, data shows that ISM Non-Manufacturing PMI has weakened more than expected, and theContinue Reading
Written on January 6, 2022 at 1:40 am, by anakin
Market Focus The U.S. stocks market faced gloom on Wednesday. The Nasdaq Index plummeted by more than 3%, marking the biggest one-day percentage drop since February. Earlier minutes of the Federal Reserve meeting suggested that the central bank may raise interest rates sooner than expected. After the meeting minutes were released, the three major stockContinue Reading
Written on January 4, 2022 at 5:41 am, by anakin
Market Focus The broad U.S. equity market kicked off 2022 with modest gains. The Dow Jones Industrial Average closed 0.68% higher to close at 36585.06, the S&P 500 gained 0.64% to c;pse at 4796.56, and the Nasdaq composite advanced 1.2% to close at 15832.8. TSLA and many Chinese EV companies enjoyed strong gains as EVContinue Reading
Written on January 3, 2022 at 5:36 am, by anakin
Market Focus The broad U.S. equity markets closed lower on the last trading day of 2021. The Dow Jones Industrial Average dropped 0.16%, the S&P 500 lost 0..26%, while the Nasdaq lost 0.61%; despite losing ground on the last trading day, all three major indices ended the year with tremendous gains since the beginning ofContinue Reading
Written on December 24, 2021 at 4:38 am, by anakin
Market Focus US stock advanced on Thursday amid risk-on market sentiment, closing at all-time high and rose for a third day as investors considered that the economic recovery can resist the impact of the Omicron coronavirus variant. On Thursday, Merck & Co.’s Covid-19 pill was cleared by US regulators, giving high-risk patients another option forContinue Reading
Written on December 23, 2021 at 3:08 am, by anakin
Market Focus US stock advanced on Wednesday amid risk-on market sentiment, continuing to climb for a second day as investors considered that the pandemic of the Omicron coronavirus variant won’t derail the economic recovery. The FDA announced that it had approved Pfizer’s highly effective Covid-19 treatment pill for emergency use in the US . Moreover,Continue Reading
Written on December 22, 2021 at 2:08 am, by anakin
Market Focus US stock advanced on Tuesday amid risk-on market sentiment, rebounding from its biggest three-day slide since September as the market demand for risk assets increased. Despite US Democrat Senator Joe Manchin rejected Biden administration’s $1.75T Build Back Better (BBB) social spending package yesterday, President Joe Biden said that he still has a chanceContinue Reading
Written on December 21, 2021 at 1:42 am, by anakin
Market Focus US stock declined on Monday amid downbeat market sentiment, making its biggest three-day drop since September as the concerns about the rapid spread of the Omicron variant in Europe dragged down stocks. After the Netherlands announced a full lockdown on Sunday, the UK is rumored to be planning a lockdown from 27 DecemberContinue Reading
Written on December 19, 2021 at 11:45 pm, by anakin
Market Focus US stock declined on Friday amid downbeat market sentiment, dropping to two-weeks lows as traders and market participants weigh up this week’s main macro narratives, including the Fed’s hawkish pivot. The Fed and the European Central Bank both started to tighten their monetary policy, given the fact that they see inflation pressures asContinue Reading
