European Markets Hit Lowest Levels in Months amid Growing Inflation
The day’s trading was marked by mediocrity, with the European markets generally treading water before closing in the red.
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US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity.
Nasdaq Composite Closed Lower on Tuesday as Oracle Loses 13% and Other Tech Stocks Slide
By
Tolu Ajiboye
The Nasdaq saw a lower close as tech stocks fell after Oracle released figures that disappointed Wall Street.
Stock Futures Reflect Mixed Sentiment after Positive Market Performance
As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape.
S&P 500 Registers 4 Consecutive Days of Winning Streaks Ahead of High Impact News on Employment Change
The S&P 500 gained about 3.17 percent in the past five days to trade at around 4,514.87 as of Wednesday’s close.
August Proves Worst Month for Equities This Year So Far but Market Data Is Improving
A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed’s September meeting.
Nasdaq Composite Soars Over 1% as Tech Stocks Rebound
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data.
US CPI Inflation Surge at 3.2% Below Forecast, Markets React Positively
The decelerating inflation reduces some of the pressure from the Fed, however, remains high over the central bank’s 2% target. Thus, the Fed is less to announce rate cuts anytime soon.
US Equity Indices Make Strong Comeback with Dow Jones Gaining 400 Points
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
US Equities Enter Sharp Correction after Fitch Downgrade, Nasdaq Tanks Over 2%
After a strong rally in growth stock and other tech companies, analysts are advising investors for a sectorial rotation to defensive stocks.