Category Archives: Today’s Analysis
Written on November 4, 2021 at 7:03 am, by anakin
Market Focus The Fed currently buys $120 billion in bonds every month to inject liquidity into the financial system. The Fed is expected to scale back its bond purchase program starting this month and develop a plan to stop buying bonds in the middle of the next calendar year. In view of the strong performanceContinue Reading
Written on November 3, 2021 at 7:32 am, by anakin
Market Focus The relentless climb in stocks pushed major U.S. benchmarks to their historical highs just a day ahead of the Fed’s policy meetings. The rally of the stock was underpinned by the better-than-expected corporate earnings results. S&P 500 rallied 0.37% to 4630.65, Dow Jones went up 0.39% to 36052.63, while the Nasdaq rose moreContinue Reading
Written on November 2, 2021 at 7:18 am, by anakin
Market Focus Wall Street stocks rose slightly on Monday, continuing the recent record gains of major stock indexes. The S&P 500 Index rose 0.2%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq Index rose 0.6%. The gains pushed the three indexes above the all-time highs set on Friday. As U.S. crude oil pricesContinue Reading
Written on November 1, 2021 at 5:39 am, by anakin
Market Focus Stocks ended at records on Friday as investors digested disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that came during an otherwise solid quarterly reporting season from many major companies. The S&P 500 set record intraday and closing highs. The index posted monthly gain of over 6.5% in October, or its bestContinue Reading
Written on October 29, 2021 at 8:47 am, by anakin
Market Focus U.S. equity markets bounced back strongly on Thursday as upbeat economic data and stellar corporate earnings results boosted market sentiment. The S&P 500 gained 1% to close at another record high of 4596.42. The Nasdaq gained 1.4% to close at 15448.12, and the Dow gained 0.7% to close at 35730.48. Since earnings seasonContinue Reading
Written on October 28, 2021 at 7:17 am, by anakin
Market Focus The broad U.S. equity markets retreated on Wednesday’s trading. Indices fell from their previous record closes. The S&P 500 lost 0.51% to close at 4551.68, the Dow lost 0.74% to close at 35490.69, and the Nasdaq traded sideways to close at 15235.84. Wednesday’s market retreat was led by the energy sector as oilContinue Reading
Written on October 27, 2021 at 6:58 am, by anakin
Market Focus The broad U.S. equity market enjoyed another session of gains fueled by healthy corporate earnings. The S&P 500 and the DJIA notched another record close—the S&P 500 gained 0.18% to close at 4574.79, while the DJIA gained 0.04% to close at 35756.88; on the other hand, the tech heavy Nasdaq gained 0.06% toContinue Reading
Written on October 26, 2021 at 6:49 am, by anakin
Market Focus US markets started this week with outperformance as major tech companies’ earnings on deck. The Dow Jones Industrial Averages closed at record highs while the Nasdaq rose 0.9% on Monday. The S&P 500 also traded at record highs, boosted by a 12% surge in Tesla’s share as it hit $1 trillion market capitalizationContinue Reading
Written on October 25, 2021 at 7:13 am, by anakin
Market Focus All three major U.S. stock indices recorded weekly gains on the back of better than expected 3rd quarter earnings results from major companies. The Dow notched another record close on Friday to close at 35677.02. The S&P 500 lost 0.1% to close at 4544.9, while the Nasdaq lost 0.8% to close at 15090.2.Continue Reading
Written on October 22, 2021 at 7:04 am, by anakin
Market Focus US markets were mixed amid strong earning reports from companies and upcoming Fed’s tapering move. The S&P 500 continued to notch a new record, and the tech- heavy weighted Nasdaq Composite rose 0.6% on Thursday. The Dow Jones Industrial Averages closed a bit lower after reaching a all- time high on Wednesday, droppingContinue Reading
