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About: anakin
Recent Posts by anakin
S&P 500 and Tech Leaders Lead Market Recovery, Forex Eyes USD Downtrend
Thursday witnessed a strong comeback for stocks, with the S&P 500, Dow Jones, and Nasdaq rebounding significantly, nearing their record highs. Micron Technology’s stellar performance fueled tech stocks, while companies like Salesforce contributed to the climb. This turnaround followed a recent market dip attributed to profit-taking after a sustained period of gains. Meanwhile, the currencyContinue Reading
Written on December 22, 2023 at 1:21 am
Categories: Today's Analysis
Futures Show Modest Gains Amidst Micron’s Surge, Eyes on Economic Data, and Nike’s Earnings
Stock futures edged higher after a recent market pause, with S&P 500, Nasdaq 100, and Dow Jones futures indicating slight upticks. Micron’s notable postmarket leap of over 4% propelled optimism after surpassing Wall Street’s projections for its first fiscal quarter. However, the prior day marked a downturn as investors seized profit opportunities, reflecting the S&PContinue Reading
Written on December 21, 2023 at 3:53 am
Categories: Today's Analysis
S&P 500 Nears Record High on Fed’s Optimism, Energy Stocks Surge, and Currency Markets Fluctuate
The stock market witnessed a strong surge, propelling the S&P 500 close to its all-time high after significant gains fueled by the Federal Reserve’s positive stance on interest rates. The Dow Jones Industrial Average and Nasdaq Composite also experienced substantial increases, while energy stocks, particularly in the S&P 500 sector, saw notable rises due toContinue Reading
Written on December 20, 2023 at 3:47 am
Categories: Today's Analysis
S&P 500 Continues Winning Streak, Tech Giants Propel Communication Sector, and Currency Markets Navigate Fed Rate Cut Speculations
The stock market witnessed a persistent upward trend with the S&P 500 maintaining a seven-week winning streak, inching closer to its previous all-time high. While the Dow Jones Industrial Average showed marginal movement, the S&P 500 surged by 0.45%, notably driven by gains in mega-cap tech companies like Meta Platforms and Alphabet. U.S. Steel sharesContinue Reading
Written on December 19, 2023 at 3:10 am
Categories: Today's Analysis
Week ahead: Markets to focus on Bank of Japan rate decision and UK, Canada inflation data
This week, the market’s focus will primarily revolve around the Bank of Japan’s rate decision. Investors are eagerly anticipating any statements from the bank’s governor Kazuo Ueda, especially after observing the impact of the strong Japanese Yen arising from a weakening US Dollar. In addition to this, consumer price index (CPI) and gross domestic productContinue Reading
Written on December 18, 2023 at 2:50 am
Categories: Week Ahead
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