Mixed economic signals weigh on markets
US stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected.
Read MoreUS stocks slid as mixed economic data raised fears that stagflation may rear its ugly head, as growth numbers came in weaker than expected and price growth higher than expected.
Read MoreUS stocks surged higher as a raft of corporate earnings results came in ahead of expectations.
Read MoreUS stocks bounced back in US trading as Middle East tensions eased and investors turned their attention to the release of major company earnings results.
Read MoreUS markets finished close to the flatline following Federal Reserve Chair Jerome Powell comments that interest rates may need to stay elevated.
Read MoreStocks erased early gains to finish well in the red after much stronger than expected retail sales cast further uncertainty around the likelihood and timing of rate cuts. Continued concerns around possible Israeli retaliation for Iran’s weekend attack also weighed heavily on markets.
Read MoreMounting concerns about Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.
Read MoreTech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providing a positive data point for inflation concerns.
Read MoreHotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.
Read MoreInvestors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time).
Read MoreMarkets finished the day essentially flat as investors remain focused on CPI due out later this week.
Read MoreUS stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields.
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreUS markets opened in positive territory before Fed rates commentary and a pop in oil prices spooked traders and triggered an afternoon sell off.
Read MoreUS markets traded in positive territory for most of the day encouraged by comments from Fed Chair Jerome Powell that suggested that recent negative data does not materially change the overall picture from his perspective, and the Fed’s guidance on rates remains unchanged at this stage.
Read MoreRising bond yields and concerns around the timing of future rate cuts by the Federal Reserve weighed heavily on US markets as investors are increasingly question the likelihood of a June rate cut.
Read MoreRising bond yields and concerns around the timing of future rate cuts by the Federal Reserve weighed heavily on US markets as investors are increasingly question the likelihood of a June rate cut.
Read MoreUS markets kicked off the post Easter week by giving up ground on what was a winning month for March and a strong first quarter. New inflation data raised concerns that the Fed may struggle to hit its target of three rate cuts by the end of 2024.
Read MoreUS markets bounced back after three consecutive losing sessions & extended their first quarter advance.
Read MoreUS markets fell off in afternoon trading to finish in negative territory for the 3rd trading day in a row. Trading volumes remained light ahead of a short trading week and Easter break.
Read MoreUS markets finally took a breather as the Easter break will mean a shorter and quieter trading week.
Read MoreThe three major indexes drifted over the last session of the week to finish mixed on the day, but ending with the best week of 2024 so far.
Read MoreContinued interest in AI and the big tech stocks provided the momentum to push the three main indexes to new record closes.
Read MoreUS markets continued to rally with the S&P500, Nasdaq and Dow Jones index all closing at new highs after the Fed reaffirmed its intention to cut rates at least 3 times this year.
Read MoreStocks rallied on Tuesday with all three three key indexes finishing the day in the green. All eyes and attention remain focused on the Federal Reserve policy meeting currently in progress.
Read MoreStocks rose on Monday driven by a rally in tech leaders as Wall Street focuses on a key artificial intelligence conference and new monetary policy guidance from the Federal Reserve.
Read MoreThe S&P 500 fell on Friday and notched its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and centre ahead of the Federal Reserve’s policy meeting next week.
Read MoreThe Dow Jones Industrial Average fell Thursday and snapped a 3-day win streak after the release of hotter-than-expected U.S. inflation data sent Treasury yields higher, while Nvidia shares were under pressure.
Read MoreThe S&P 500 was lower overnight, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally to start 2024.
Read MoreStocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.
Read MoreThe S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data.
Read MoreStocks retreated on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather.
Read MoreStocks rose Thursday, pushing the S&P 500 and Nasdaq Composite back to record highs, as hope over easing inflation and gains in tech aided Wall Street’s midweek bounce.
Read MoreThe S&P 500 rose Wednesday as investors attempted to turn a corner following back-to-back losing sessions on Wall Street.
Read MoreUS stocks fell for a second session Tuesday, as steep declines in major tech names such as Apple dragged the broader market further from the record highs recently reached.
Read MoreThe S&P 500 headed for a new record high on Monday, boosted by a group of outperforming technology stocks tied to the artificial intelligence boom.
Read MoreThe Nasdaq Composite rose to an all-time high Friday, surpassing its 2021 record, as investors bet that megacap technology stocks were the best way to play slowing inflation and a coming artificial intelligence boom.
Read MoreThe S&P 500 and Nasdaq Composite moved into positive territory on Thursday as a key inflation metric met economist expectations along with fresh U.S. housing numbers.
Read MoreStocks ticked lower Wednesday as investors looked ahead at the personal consumption expenditure reading for January, which is the Federal Reserve’s preferred measure of inflation, due later this week.
Read More