Stocks closed modestly higher on Wednesday, following the worst daily losses since June 2020 after consumer price inflation data were released on Tuesday. Despite yesterday’s dip, market losses have been outperforming the yearly average since June. Although volatility was present throughout the day, U.S. stocks were able to maintain slight gains after data revealed that […]

U.S. equities closed higher for a fourth consecutive session ahead of the August inflation report due Tuesday. Along with the CPI data, the $ORCL and $ADBE earnings can influence the next move in the market. With the latest upswing in the market- having snapped a multi-week streak of declines last Friday when U.S. indices booked weekly […]

RoboStreet – September 8, 2022 Markets Struggle for Direction Ahead of Key Inflation Data This week, markets continued to be guided by Fed comments and sentiment as inflation remained in focus. During the shortened trade week, markets saw some movement higher behind a mixed bag of economic reporting that showed marginal relief in the economy […]

Despite many central bankers’ hawkish comments about inflation recently, the stock market had its best day in a month with all three major U.S. indices closing in the green. The Nasdaq rose over 2% while the Dow and S&P saw nice gains of over 1%. On Wednesday, Federal Reserve Vice Chairman Lael Brainard said that […]

RoboStreet – September 1, 2022 Markets Continue Slump Following Jackson Hole Comments Following last week’s Jackson Hole meeting, where Fed Chair Jerome Powell reinforced the Fed’s intention to continue fighting inflation until the job is done, markets plummeted to their lowest level in months. To start September, U.S. indices were on track to finish for […]

For the fourth consecutive day, the Dow Jones, S&P 500, and Nasdaq declined as investors exit their positions ahead of the Labor Day holiday. This brought all three major U.S. indices, in the month of August, down 4%. Troubled by sluggish job growth in the private sector and worries about a worsening recession prompted by […]

After markets were pulled in both directions last week but ultimately ended up sharply lower, U.S. markets opened this week to a similar sentiment as all three major U.S. indices edged lower. Primarily, markets were pressured due to the latest comments from Fed Chair Jerome Powell. During the recent Jackson Hole Economic Symposium, Jerome Powell, […]

Ahead of Friday’s Jackson Hole Economic Symposium, where Fed Chair Jerome Powell is due to speak, all three major U.S. indices closed in the green for the second straight positive session. Investors will look at Powell’s remarks for indicators regarding the Federal Reserve’s policy, which has been a concern in regard to mounting inflation and […]

After opening the week to two losing sessions, U.S. stocks finished higher on Wednesday with all three major U.S. indices closing in the green. Headline news from D.C. signaled President Biden’s student loan forgiveness initiative, which will erase $10,000-$20,000 in debt per student. Concerns about a hawkish stance from the Federal Reserve have been weighing […]

All three major U.S. indices closed in the red, alongside gold and oil which also traded lower. The stock market had its worst day in two months on Monday as concern over the stock market had spiked and fear the Federal Reserve would start raising interest rates to fight inflation pressured markets. The Dow, S&P, […]