Fed Chair Powell expressed optimism about the U.S. economy, driving all three major stock indexes to new highs, with tech stocks leading the charge. Chipmakers outperformed, with$NVIDIA (NVDA.US)$gaining 3.5%. Beneficiaries of the AI boom,$Marvell Technology (MRVL.US)$and$Salesforce (CRM.US)$, soared 23% and 11%, respectively, after strong earnings. Meanwhile, Chinese ADRs briefly fell 2%, but South Korea ETFs, French equities, and French bonds posted gains in the U.S. Weak U.S....
S&P 500: 6,086.49 (+0.6%) Nasdaq-100: 21,492.36 (+1.2%) DJIA: 45,014.04 (+0.7%) Eurostoxx: 4,919.02 (+0.8%) U.S. crude futures: 68.54 (-2.0%) U.S. stock markets surged on Wednesday, with the three indices closing at all time highs despite private payrolls growing less than expected in November. The S&P 500 gained 0.6%, boosted by gains in tech stocks, while the Nasdaq-100 advanced over 1%, posting its third ...
We saw outperformance from the technology sector which helped to boost major U.S. equities indexes to move higher on Wednesday (04 Dec). Although Federal Reserve Chair Jerome Powell stressed that the central bank will take a cautious approach to future policy moves, optimism for another interest-rate cut at this month's Fed meeting remained intact. Data released by payroll processor ADP showing a slowdown in private-sector hiring during N...
Global markets Markets enjoyed risk-on mode, all 3 indices advanced whereby DJ (+0.69%), S&P500 (+0.61%) and Nasdaq (+1.29%) hit another all-time high, propelled by better-than-expected tech earnings. Fed chair Jerome Powell provided some cautious guidance in cutting rates toward neutral. He pointed to stronger-than-expected economic growth, robust labour market and slightly higher inflation. US 10 years govvy yield continued hovering around 4.18%. Bond fut...
Three record-setting indexes closed Wednesday at record highs after hitting trading highs in the last ten minutes of the session. Just past 4 pm ET the$S&P 500 Index (.SPX.US)$traded +0.61%, the$Dow Jones Industrial Average (.DJI.US)$climbed 0.69%, and the$Nasdaq Composite Index (.IXIC.US)$climbed 1.30%. MACRO Federal Reserve Chair Jerome Powell said the economy looks better now than when the central bank began ...
Analysts see the data as reflecting steady labor market recovery, which could reassure Fed officials.
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$
Weak U.S....
Nasdaq-100: 21,492.36 (+1.2%)
DJIA: 45,014.04 (+0.7%)
Eurostoxx: 4,919.02 (+0.8%)
U.S. crude futures: 68.54 (-2.0%)
U.S. stock markets surged on Wednesday, with the three indices closing at all time highs despite private payrolls growing less than expected in November. The S&P 500 gained 0.6%, boosted by gains in tech stocks, while the Nasdaq-100 advanced over 1%, posting its third ...
Although Federal Reserve Chair Jerome Powell stressed that the central bank will take a cautious approach to future policy moves, optimism for another interest-rate cut at this month's Fed meeting remained intact. Data released by payroll processor ADP showing a slowdown in private-sector hiring during N...
Markets enjoyed risk-on mode, all 3 indices advanced whereby DJ (+0.69%), S&P500 (+0.61%) and Nasdaq (+1.29%) hit another all-time high, propelled by better-than-expected tech earnings.
Fed chair Jerome Powell provided some cautious guidance in cutting rates toward neutral. He pointed to stronger-than-expected economic growth, robust labour market and slightly higher inflation.
US 10 years govvy yield continued hovering around 4.18%. Bond fut...
Wed’s movement came after ADP employment data showed that private payrolls grew less than expected in Nov.
However, the “bigger” report lies at Friday’s Us Employment Report. Analysts are estimating 214,000 jobs in November.
The data could give investors some into Powell’s next policy move.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ $Alphabet-A (GOOGL.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Apple (AAPL.US)$ $Palantir (PLTR.US)$ $Super Micro Computer (SMCI.US)$ $Salesforce (CRM.US)$ $Lululemon Athletica (LULU.US)$ $Palantir (PLTR.US)$ $GameStop (GME.US)$
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded +0.61%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.69%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 1.30%.
MACRO
Federal Reserve Chair Jerome Powell said the economy looks better now than when the central bank began ...
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