US markets trade sideways ahead of key payrolls data
07 Jun 2024 - Markets drifted sideways as investors remained on the sidelines ahead of the crucial May non-farm payrolls numbers due out Friday US time.
07Jun
06Jun
Nvidia surge pushes S&P 500 to new record
06 Jun 2024 - A surge in the Nvidia share price and weak labour market data pushed the broad S&P 500 index to a new record close.
05Jun
US markets trade modestly higher on jobs data
05 Jun 2024 - US stocks closed in the green as the latest jobs data, provided further evidence that the economy is losing momentum and keeping the door open to rate cuts.
04Jun
Soft US manufacturing data raises activity concerns
04 Jun 2024 - Cyclical stocks and those leveraged to manufacturing activity came under pressure during the trading session following the release of soft manufacturing numbers which raised concerns about the strength of the underlying US economy.
03Jun
US markets jump higher as inflation fears ease
03 Jun 2024 - The Dow Jones jumped as investors breathed a sigh of relief as key inflation readings released on Friday came in mostly as expected with no negative surprises.
31May
US markets overshadowed by Salesforce & Nvidia falls
31 May 2024 - US markets were overshadowed on Thursday by softer than expected results from Salesforce and a pull back in the Nvidia share price as the rally finally ran out of steam. Investors were also cautious ahead of the release tomorrow of key U.S. inflation data.
30May
Rising treasury yields weigh heavily on US markets
30 May 2024 - Another solid performance from AI darling Nvidia was not enough as stocks were broadly lower on Wednesday with Treasury yields continuing to edge higher on the return of concerns around sticky inflation and Fed rate cut timing.
29May
Nvidia surge pushes Nasdaq to new record close
29 May 2024 - A seven per cent surge in the Nvidia share price pushed the Nasdaq index to a new record close above the 17,000 level for the first time ever, outweighing negative news from a disappointing Treasury auction which saw yields move higher.
28May
EU markets trade higher as US & UK markets closed
28 May 2024 - EU markets traded higher on a quiet news day as the US & UK markets were closed for public holidays.
27May
Nvidia driven rally continues to push US markets higher
27 May 2024 - The Nvidia rally continued on Friday with the AI giant leading the Nasdaq to another record close, as inflation and Fed concerns took a back seat to the Tech driven rally.