About: anakin
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Tech Stocks Drive Nasdaq and S&P 500 Rebound Amid Uncertain Market Conditions
The Nasdaq Composite and the S&P 500 ended their three-day losing streaks on Thursday, propelled by renewed investor interest in tech stocks. The Nasdaq, a tech-heavy index, surged by 0.95% to 13,630.61, while the S&P 500 rose 0.37% to 4,381.89, with both indices closing near session highs. In contrast, the Dow Jones Industrial Average dippedContinue Reading
Written on June 23, 2023 at 3:27 am
Categories: Today's Analysis
Stocks Retreat as Investors Digest Powell’s Comments on Inflation
In a temporary halt to the recent market rally, stocks experienced a decline on Wednesday. Investor sentiment was influenced by Federal Reserve Chair Jerome Powell’s remarks on inflation. The Dow Jones Industrial Average dropped 0.30%, the S&P 500 declined by 0.52%, and the Nasdaq Composite slid 1.21%, marking the third consecutive day of losses forContinue Reading
Written on June 22, 2023 at 2:40 am
Categories: Today's Analysis
Stocks Retreat as Market Rally Pauses, Investors Monitor Sentiment
Stocks experienced a decline on Tuesday, marking the first trading day of the week, as the market took a breather after a recent rally that had propelled it to levels not seen in over a year. The Dow Jones Industrial Average fell by 245.25 points (0.72%) to reach 34,053.87, while the S&P 500 and NasdaqContinue Reading
Written on June 21, 2023 at 3:40 am
Categories: Today's Analysis
Markets Close on Monday for Juneteenth Holiday Following Strong Week and Fed’s Rate Hike Decision
In observance of the Juneteenth holiday, the regular trading session was suspended on Monday, providing investors with a break after a positive week. Despite minor slips on Friday, the S&P 500 and the Nasdaq Composite recorded their best weekly performances since March, with the S&P 500 rising by 2.6% and the Nasdaq adding 3.25%. TheContinue Reading
Written on June 20, 2023 at 2:49 am
Categories: Today's Analysis
Week Ahead: All Eyes on BOE and SNB Rate Statements
This week, markets brace for key events, including interest rate releases from the Bank of England and Swiss National Bank. Traders are expected to monitor these crucial announcements to shape their strategies and gain insights into the financial landscape. Stay tuned for a round-up of significant market developments. UK Consumer Price Index (21 June 2023)Continue Reading
Written on June 19, 2023 at 1:30 am
Categories: Today's Analysis
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