Category Archives: Today’s Analysis
Written on March 3, 2021 at 4:24 am, by anakin
Daily Market Analysis Market Focus US stocks gave back some of yesterday’s gain, the three big indices closed the day in red. Technology stocks led losses in the S&P 500, while Material stocks prevailed. EV manufacturer giant Tesla Inc. dropped 4.46%, dragging down the Nasdaq 100 Index. Interesting to note Bitcoin’s price is somewhat syncedContinue Reading
Written on March 2, 2021 at 4:36 am, by anakin
Daily Market Analysis Market Focus U.S. stocks climbed as confidence returned to markets, easing concerns about inflation and higher Treasury yields would undermine equity valuations. The Dow Jones Industrial Average surged around 2.2%, led by Boeing, which rose around 7%; at the same time, the S&P 500 rose around 2.1% while the Nasdaq gained aboutContinue Reading
Written on March 1, 2021 at 3:24 am, by anakin
Daily Market Analysis Market Focus US tech stocks staged a modest rebounded on the last day of a tumultuous week as a global bond rout eased, sending the yield on 10-year Treasuries tumbling below 1.5%. Gains for Microsoft Corp. and Amazon.com Inc. helped lift the Nasdaq 100 about 0.6%. Energy producers and banks were amongContinue Reading
Written on February 26, 2021 at 2:27 am, by anakin
Daily Market Analysis Market Focus US equities plummeted whilst the selloff in global bonds deepened, the US 10-year treasury yield SOARED to one-year high of 1.545%, a jaw-dropping 10.56% in one day. Technology stocks were leading the rout, the Nasdaq 100 slumped about 3.6%. The recent Tesla-ARK synergyContinue Reading
Written on February 25, 2021 at 4:51 am, by anakin
Daily Market Analysis Market Focus US equities reversed losses and staged a rally as Federal Reserve Chairman Jerome Powell reaffirmed his view that the economy needs support. Government bond yields climbed along with oil prices. Energy and industrial companies led gains in the S&P 500 Index, offsetting weakness for tech stocks. Banks advanced, sending anContinue Reading
Written on February 24, 2021 at 3:21 am, by anakin
Daily Market Analysis Market Focus US equity market took a hit at its opening on Tuesday ahead of Powell testimony, the S&P 500 Index declined as much as 1.8% whereas the Nasdaq 100 plunge reached 3.5%. These losses were mostly pared after reassuring comments from the Fed chairman Jerome Powell on inflation and the outlookContinue Reading
Written on February 23, 2021 at 4:22 am, by anakin
Daily Market Analysis Market Focus Tech stocks dropped on valuation concerns while commodities rallied, and bond yields rose with investors pricing in stronger growth and faster inflation as the global economy recovers. The Nasdaq 100 tumbled more than 2.5% to a three-week low as investors questioned the appeal of expensive, growth-focused stocks. The S&P 500Continue Reading
Written on February 22, 2021 at 7:59 am, by anakin
Daily Market Analysis Market Focus US equities slightly edged to the downside amid continuously rising US Treasury yields, hit as high as 1.36%. Soaring yields could derail the ongoing economic recovery by rising borrowing cost and depressing price. The S&P 500 Index fell 0.1% with materials and industrial stocks leading the gain whilst utilities sufferedContinue Reading
Written on February 19, 2021 at 4:02 am, by anakin
Daily Position Report Market Focus US stocks and bonds pared losses amid lingering concern rising borrowing costs could cap a rally that’s driven equity values to historic highs. The tech-heavy Nasdaq 100 trimmed its loss by more than half to 0.6%. The energy and technology sectors weighed on the SP 500, while utilities were inContinue Reading
Written on February 18, 2021 at 5:13 am, by anakin
Daily Position Report Market Focus US equity market dropped on a second day amid rising long term treasury yield, the US 10-year treasury yield hit as high as 1.33% prior to some pullbacks. Technology stocks lead the decline, with the Nasdaq Composite Index retreated 0.54% from high. Meanwhile, energy stocks like Devon Energy Corp. andContinue Reading
