As the year draws to a year and U.S. stocks rest on healthy gains, investors are keeping a watch out for events that can influence stocks in the final weeks of 2023, such as tax loss selling and the infamous Santa Claus surge. The Federal Reserve’s anticipated monetary policy trajectory will probably remain the primary … Read more
Although US equities were divided on Thursday, investors continued to bet on interest rate reduction following a significant reading on consumer inflation, and the S&P 500 (\GSPC) and Dow Jones Industrial Average (\DJI) closed higher to close their best month of the year. With a gain of almost 500 points, or roughly 1.5%, the Dow … Read more
As investors concluded an incredible month for equities and saw signs of relaxing Federal Reserve monetary policy in the form of declining inflation statistics, the Dow Jones Industrial Average ended at its highest level since January 2022. The Dow exceeded expectations by a wide margin, helped by a strong lift from Salesforce following its consensus-beating … Read more
Thursday morning saw uneven trading in US markets as expectations for a change in monetary policy were raised by the most recent set of inflation statistics. For October, the personal consumption expenditures index was expected. The annual inflation rate decreased to 3.5% in October from 3.65% in September, according to core pricing statistics. A cooling … Read more
Following a significant reading on consumer inflation, investors continued to bet on interest rate reduction, and US equities rose before of the bell on Thursday, putting them on course for their best month of the year. S&P 500 (^GSPC) futures increased by around 0.3%, while Dow Jones Industrial Average (^DJI) futures led advances with a … Read more
US markets were neutral on Wednesday as traders processed the prospect of an early rate decrease by the Federal Reserve, which surprised many. Additionally, new statistics indicated that the US economy expanded more quickly than previously stated in the third quarter. The best performer was the Dow Jones Industrial Average (DJI), which just about finished … Read more
U.S. new home sales fall more than expected in October * U.S. rate futures price in 23% chance of rate cut in March * ECB’s Lagarde says too early to declare victory on inflation (adds new comment, updates prices) * Dollar index on track for worst monthly loss in a year * Dollar set for … Read more
Following a mixed day in Asia on Tuesday, shares began lower in Europe as investors awaited news on inflation and the mood of American consumers towards the economy. Ahead of Chancellor Olaf Scholz’s speech to parliament, where he will outline his and his divided government coalition’s plans to strengthen the flagging economy and navigate a … Read more
