Nasdaq Rises for Third Day on Economic Data and Fed Inflation Gauge Hopes RoboStreet – June 27, 2024 The Nasdaq Composite extended its winning streak to three consecutive days on Thursday as investors eagerly awaited the release of the Federal Reserve’s favored inflation measure, the Personal Consumption Expenditures (PCE) data, due on Friday. This optimism […]

Stocks ended the day mixed, reflecting the market’s cautious sentiment after a volatile end to last week. Friday’s trading saw the Dow Jones Industrial Average inch higher during a triple witching day, a quarterly event where stock options, stock index futures, and stock index options expire simultaneously, leading to heightened trading volumes and volatility. Positive […]

Market Update: Stocks Hit Record Highs Amid Mixed Economic Signals RoboStreet – June 20, 2024 This week, global markets have been captivated by a flurry of economic data and corporate developments, as investors navigate a landscape shaped by key indicators and pivotal corporate shifts. Record Closes and Sector Performance At the outset of the week, […]

The major stock indexes rallied on Monday, with the S&P 500 and Nasdaq continuing their string of record closes. This performance follows a pivotal week marked by the release of the latest Federal Open Market Committee (FOMC) and Consumer Price Index (CPI)/Producer Price Index (PPI) reports. Notably, markets will be closed on Wednesday, June 19th. […]

Bullish Market Sentiment Surges Amid Cooling Inflation and Promising Earnings Season RoboStreet – June 13, 2024 Following last week’s robust jobs report, the likelihood of the Federal Reserve lowering interest rates this year significantly decreased, making this week’s decision no surprise. However, there was still plenty for investors to focus on with this week’s pivotal […]

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Following last week’s robust employment and PMI data, stocks edged higher on Monday after an initial period of wavering. The strong jobs report from Friday diminished hopes that the Federal Reserve might lower interest rates this year, prompting investors to shift their focus to this week’s critical events: the Federal Open Market Committee (FOMC) meeting […]

Tech-Driven Rally Hits Record Highs Before Economic Uncertainty Sparks Pullback RoboStreet – June 6, 2024 Ahead of next week’s FOMC meeting, the markets witnessed key economic data that continued to shape expectations for interest rates, while also reaching record highs. The S&P 500 and Nasdaq Composite surged to new records on Wednesday, fueled by strong […]

In a mixed day for the stock market, the Dow Jones Industrial Average dropped 115 points, marking a downturn as June begins, while tech stocks managed to eke out gains, buoying both the S&P 500 and Nasdaq. Investors are keenly watching this week’s jobs data and the performance of the technology sector following Nvidia’s new […]