Nasdaq hits new high as BigTech stocks rally
15 May 2024 - Big Tech led the move up as investors chose to look past a higher April PPI number and ahead to the CPI print due tomorrow US time.
15May
14May
US markets remain cautious ahead of economic data
14 May 2024 - Investors remained cautious ahead of the release of producer price data late Tuesday and consumer price data late Wednesday. Both data points are seen as critical to the outlook for US interest rates.
10May
Softer jobless claims push US stocks higher
10 May 2024 - US markets rallied on Thursday following a rise in jobless claims that rekindled investor hopes that the Fed will cut rates in the second half of this year.
09May
US markets trade sideways as earnings season winds down
09 May 2024 - Markets traded close to flat on lighter newsflow as reporting season now nears its end. The Dow Jones was the only one of the major indexes to finish in the green and extended its winning streak to six days.
08May
US markets finish mixed as momentum slows
08 May 2024 - US markets traded mostly sideways as the major indexes finished mixed on a day where investors continued to debate the Fed ‘s next rate moves and timing.
07May
US markets continue positive momentum to start the week
07 May 2024 - A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.
06May
Softer jobs data boosts US markets
06 May 2024 - US equity markets rallied strongly on Friday following softer-than-expected April jobs numbers. The report took some pressure off the Fed after recent hotter than expected economic data.
03May
Robust earnings results drive US markets higher
03 May 2024 - Strong earnings and softer treasury yields ease investor concerns further, as Megacap Tech stocks lead markets higher.
02May
US markets mixed as Fed opts to hold rates steady
02 May 2024 - US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation.
01May
Hot wages data weighs on US markets; Amazon profit more than triples
01 May 2024 - US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday.