Category Archives: Today’s Analysis
Written on September 7, 2021 at 6:50 am, by anakin
Daily Market Analysis Market Focus Global stocks rose for a seventh day and U.S. equity-index futures rallied as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus. Aluminum hit a decade high amid political unrest in Guinea. MSCI Inc.’s gauge of world stocks gained for a fourthContinue Reading
Written on September 6, 2021 at 7:52 am, by anakin
Daily Market Analysis Market Focus Disappointment over the U.S. August payroll report is all but certain to push Federal Reserve policy makers to delay considering a move to scale back asset purchases at their Sept. 21-22 meeting. The addition of 235,000 jobs last month, falling well short of forecasts and the smallest jobs gain inContinue Reading
Written on September 3, 2021 at 1:36 am, by anakin
Daily Market Analysis Market Focus Stocks rose ahead of a key jobs report that will shape bets on the path of interest rates and the Federal Reserve’s massive bond-buying program. The S&P 500 closed at a fresh record, with energy and industrial shares among the biggest gainers. Technology underperformed. The U.S. probably added 725,000 jobsContinue Reading
Written on September 2, 2021 at 2:09 am, by anakin
Daily Market Analysis Market Focus Megacap companies rallied to an all-time high as traders turned to defensive shares after the latest round of economic data suggested a slowdown in the labor-market recovery. The NYSE FANG+ Index of pandemic darlings such as Apple Inc. and Amazon.com Inc. climbed about 1.5%. Tech, utilities and real-estate firms inContinue Reading
Written on September 1, 2021 at 4:55 am, by anakin
Daily Market Analysis Market Focus The stock-market euphoria abated in the last trading day of August as investors assessed whether lofty valuations could withstand the unwinding of pandemic-era stimulus. S&P 500 dropped from an all-time high, Nasdaq slid 0.04%, and Dow Jones declined 0.11%. Wells Fargo & Co. (NYSE: WFC) tumbled after news reported thatContinue Reading
Written on August 31, 2021 at 7:51 am, by anakin
Daily Market Analysis Market Focus Stocks climbed, led by some of the world’s largest technology companies. Traders also assessed the impacts from Tropical Storm Ida, which sank insurers and energy firms, while pushing gasoline higher. The S&P 500 notched its 12th all-time high in August, and the Nasdaq 100 rallied as Apple Inc.’s market valueContinue Reading
Written on August 30, 2021 at 3:28 am, by anakin
Daily Market Analysis Market Focus U.S. equities gained to record highs as investors took assurance from comments by Jerome Powell that the withdrawal of stimulus would be gradual. The S&P 500 and Nasdaq 100 rose during the Federal Reserve chairman’s much-anticipated address from Jackson Hole, where he reinforced the message that it would be appropriateContinue Reading
Written on August 27, 2021 at 7:50 am, by anakin
Daily Market Analysis Market Focus U.S. equities fell Thursday as markets turned cautious after explosions in Afghanistan and ahead of a Federal Reserve gathering that may provide more clues about its approach to paring stimulus. The S&P 500 and Nasdaq slid as U.S. and civilian casualties were reported from blasts outside the Kabul airport, escalatingContinue Reading
Written on August 26, 2021 at 7:41 am, by anakin
Daily Market Analysis Market Focus U.S. equities were higher on a quiet day of trading ahead of the Federal Reserve’s Jackson Hole symposium later this week. The S&P 500 and Nasdaq gained on Wednesday, with both indexes topping record highs. The financial and energy sectors led the gains as Treasury yields and crude oil advanced.Continue Reading
Written on August 25, 2021 at 7:31 am, by anakin
Daily Market Analysis Market Focus U.S. equities rose to record highs as strong corporate earnings and a rally in commodity prices outweighed lingering concerns about the threat of Covid-19 to the global economy. The S&P 500 and Nasdaq 100 gained as Best Buy Co. became the latest U.S. retailer to report robust consumer demand whileContinue Reading
