Category Archives: Today’s Analysis
Written on July 19, 2021 at 8:35 am, by anakin
Daily Market Analysis Market Focus US market fell as the concern of inflation raised and the Treasury yields fell for a three-consecutive week. Energy and materials shares led the S&P500 lower while Amazon extended its retreat from all-time highs, sending the Nasdaq 100 lower on Friday. US stocks market erased an earlier gain this weekContinue Reading
Written on July 16, 2021 at 4:38 am, by anakin
Daily Market Analysis Market Focus U.S. stocks declined and Treasury yields turned lower again as Fed Chair Jerome Powell’s persistent dovishness raises concern about the sustainability of the economic recovery. Communication services, energy and technology shares weighed on the benchmark S&P 500. Growth favorites that led the recent rally such as Amazon.com and Google parentContinue Reading
Written on July 15, 2021 at 5:50 am, by anakin
Daily Market Analysis Market Focus US equities edged slightly higher on Wednesday as Fed Chair Jerome Powell reiterated that current price surge is temporary. The Nasdaq and Dow Jones Industrial Average index both climbed 0.13%, while the S&P 500 index gained little as 0.05%. On the earnings front, Bank of America failed to delivery upbeatContinue Reading
Written on July 14, 2021 at 3:25 am, by anakin
Daily Market Analysis Market Focus U.S. stocks fell to reverse course on Tuesday, with the S&P 500 pulling back from a record high as investors monitored an early batch of corporate earnings results. Inflation was also back in focus as new data showed consumer prices surged by the most since 2008 in June. Dow JonesContinue Reading
Written on July 13, 2021 at 6:41 am, by anakin
Daily Market Analysis Market Focus US equities market broke record high as investors are optimistic about earnings season. The three big indices climbed around 0.35% on Monday. Financials shares led the gains within S&P 500 index, while Consumer Staples stocks lagged slightly behind. Large banks such as Bank of America, Goldman Sachs, and JPMorgan willContinue Reading
Written on July 12, 2021 at 6:42 am, by anakin
Daily Market Analysis Market Focus Stocks gained on Friday to set new all-time highs, shaking off declines from a day earlier as concerns over the pace of the economic recovery flared. S&P 500 added more than 1% led by the financials, energy and materials sectors that had been some of Thursday’s biggest laggards. Dow JonesContinue Reading
Written on July 9, 2021 at 4:22 am, by anakin
Daily Market Analysis Market Focus US equities retreated from all-time highs as the spread of delta variants weighed down on risk appetite. The S&P 500 index suffered the most, down 0.86%. Meanwhile, the Nasdaq 100 and Dow Jones Industrial Average index dropped 0.6% and 0.75% respectively. Cyclical sectors such as industrial and material had theContinue Reading
Written on July 8, 2021 at 6:28 am, by anakin
Daily Market Analysis Market Focus Stocks gained to end at records on Wednesday, closing out a choppy session higher after the FOMC’s June meeting minutes signaled a split on the timing for rolling back crisis-era monetary policies. The S&P 500 and Nasdaq (+0.01%, or +1.42) ticked up to reach record intraday and closing highs, ledContinue Reading
Written on July 7, 2021 at 4:09 am, by anakin
Daily Market Analysis Market Focus US equities declined as low 10-year Treasury yield weighed down on risk-sentiment. The S&P 500 and Dow Jones Industrial Average index fell 0.2% and 0.6% respectively. Meanwhile, the tech heavy Nasdaq index closed at another record high, climbed 0.4%. The 10-year Treasury yield dropped to lowest point since February, tradedContinue Reading
Written on July 5, 2021 at 4:52 am, by anakin
Daily Market Analysis Market Focus US equities advanced forward as upbeat job report ease concerns of an early Fed tapering. The S&P 500 and the Nasdaq index both made record high, climbed 0.75% and 1.15% respectively. The S&P 500 had a seven-days winning streak, and marked the longest rally since last August. Technology and ConsumerContinue Reading
