Stocks sold off Wednesday 24th July 2024, blighted by underwhelming reports from Tesla and Alphabet – leading the Nasdaq Composite and the S&P 500 to post their worst sessions since 2022. The S&P 500 index dropped to closing at 5427, while the tech-heavy Nasdaq slid around 3.65% to end at 17342. The DowRead More →
On Wednesday 17th July 2024, the Nasdaq Composite and S&P 500 pulled-back as investors continued to shift from tech stocks to more interest rate-sensitive sectors. The S&P 500 dropped 1.39%, closing at 5588. The tech-geared Nasdaq tumbled 2.77%, finishing at 17996, marking its worst session since December 2022 and endingRead More →
The Dow Jones Industrial Average closed at a record high Tuesday 16th July 2024, rallying 743 points for its biggest one-day increase in more than a year, as the bull run appeared to broaden. The small cap-focused Russell 2000 also rose for the fifth straight day, rising 3.5% fast closing in onRead More →
Let the rotation begin The Dow Jones Industrial Average surged on Friday 12th July 2024 as investors began to diversify beyond the technology sector. The Dow closed at 40,000.90, after hitting a new all-time high of 40,257. The S&P 500 added 0.55% to 5,615, and the Nasdaq Composite went upRead More →
On Wednesday, 10th July 2024, the S&P 500 reached a new record high, surpassing 5,600 for the first time, propelled by a significant surge in semiconductor stocks. The S&P 500 index rose by 1.02%, ending the day at 5,633 and marking its seventh consecutive day of gains. The Nasdaq CompositeRead More →
The S&P 500 retreated on Thursday 20th June 2024, having momentarily surpassed the 5500 for the first time ever, as Nvidia, a favourite stock with Wall Street investors, relinquished its earlier gains. The S&P 500 index fell 0.25% to end at 5473. Earlier in the session, the S&P 500 gainedRead More →
The S&P 500 climbed on Monday 17th June 2024, closing at a new record high aided by the substantial weighted rebalancing of an ETF. The index concluded at 5473, while the Nasdaq Composite soared to 17857. The Dow Jones Industrial Average gained 188.94 points, finishing at 38778. These gains occurredRead More →
On Friday 14th June 2024, the Nasdaq Composite edged up to close at a record high for the fifth consecutive session. The tech-centric index rose slightly by 0.12%, finishing at 17688. The S&P 500 dipped slightly to close at 5431 and ending its four-day streak of gains. The Dow JonesRead More →
The S&P 500 and Nasdaq Composite reached new closing highs on Tuesday 11th June 2024, propelled by Apple as the tech giant’s stock hit a record itself. The S&P 500 index climbed to a new high to close at 5375, while the Nasdaq Composite finished the day at 17343. BothRead More →
The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data. S&P 500 all-time high as of 5th June 2024 Similarly, the Nasdaq 100 and Nasdaq Composite achieved newRead More →
The Nasdaq Composite closed at an all-time high above 17,000 for the first time, propelled by a rise in Nvidia shares, despite a generally uneventful market day. Nasdaq 100 all-time high of 18907 Nasdaq Comp hit all-time high of 17019 The S&P 500 saw a marginal increase of 0.02%. FollowingRead More →
The Nasdaq is a stock market index predominantly comprising technology and internet-related companies. Investors and traders closely monitor its performance as it serves as a barometer for the technological sector’s robustness and the general market mood. Nasdaq all-time high The Nasdaq Composite surpassed its previous highest value, marking a significantRead More →
The Dow Jones Industrial Average marked a historic achievement by closing above 40,000 points for the first time. On Friday 17th May 2024, the index increased by 134.21 points to settle at 40,003.59. Concurrently, the S&P 500 saw a modest rise, while the Nasdaq Composite closed lower. The rise thisRead More →
All three major indices closed at records on 15th May 2024 The Dow climbed 0.88%, while the S&P 500 gained 1.17%, ending the session above 5,300 for the first time. The tech-related Nasdaq Composite closed higher by 1.40%. Dow closed at a new high of: 39908 S&P 500 closed at a new high of: 5308 Nasdaq CompositeRead More →
The S&P 500 surged to a new all-time high on Thursday 22nd February 2024 Microchip maker Nvidia reported much stronger-than-expected quarterly results, lifting tech sector and markets higher. S&P 500 The S&P 500 gained just over 2% to close at 5087, notching its best day since January 2023. The Nasdaq Composite advanced 2.96% forRead More →
U.S. stocks have had a good year in 2023, and a great start to 2024 with new record highs being set. Many major indices have recorded double-digit gains. However, some analysts have warned that the rally may not last, as it has been driven by a few large-cap technology and growthRead More →
The S&P 500 climbed again Wednesday 7th February 2024 and edged ever closer to the 5,000 level. S&P 500 hit a new high of 4995 The index, which first breached the 4,000 level in April 2021, added around 0.82% to close at 4,995.06. During session highs, the S&P hit 4,999.89. Quarterly results signalledRead More →
The Dow Jones Industrial Average (DJIA) reached a new high on 22nd January 2024, closing at 38,001.81 points One year chart for the Dow Jones Industrial Average (DJIA) The index reached 38109.20 points in intraday trading. Recently the S&P500 and the Nasdaq set new highs. The Dow The Dow Jones is aRead More →
Stocks moved lower Thursday 11th January 2024, reflecting the higher-than-expected December 2023 inflation data. The S&P 500 in early trade edged lower by around 0.7%, while the Nasdaq Composite dropped nearly 0.8%. The Dow Jones Industrial Average dropped by 0.6%. The S&P 500 briefly touched 4800 after climbing above its record high of 4,796. Higher thanRead More →
The Nasdaq and Dow hit new all-time highs in recent days and the S&P 500 is hot on their heels. After nine straight days of gains, Wall Street suddenly reversed an hour and a half before the closing bell on Wednesday 20th December 2023. The sell-off expanded into Asia overnight,Read More →
The Dow Jones Industrial Average (DJIA) hit a new all-time high, on 13th December 2023. It closed at 36799 surpassing its previous record of 36585points that it had set on 4th January 2022. This was the fourth consecutive record close for the index. Record high The Dow’s record high was driven primarily by theRead More →
Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The Dow Jones Industrial Average (DJIA) is one of the most widely followed stock market indices in the world. It tracks the performance of 30 large U.S. companies from various sectors, suchRead More →
Stocks rallied Friday 6th October 2023 even after the release of stronger-than-expected U.S. jobs data and an increase in Treasury yields. The U.S. economy added 336,000 jobs in September 2023, the Labour Department said. Economists expected 170,000 jobs. Confused? Stocks posted a surprise turnaround on Friday, 6th October 2023 after initiallyRead More →
Dow Jones Industrial Average (Dow) performance on 3rd October 2023. The Dow fell more than 400 points, turning negative for the year. The main reason for the drop was the surge in U.S. Treasury yields, which reached their highest levels in 16 years. Higher yields mean higher borrowing costs for businessesRead More →
The stock market has been experiencing some volatility and uncertainty in September and October 2023, as investors fret about inflation, interest rates, and the possibility of a U.S. recession. Main facts affecting the current stock market The month of October has produced some severe stock market crashes over the pastRead More →
1987 October stock market crash October is a special month in the stock market for several reasons. It is the month when some of the most spectacular market crashes have occurred, such as in 1929 and 1987. However, it is also a month that has historically performed well on average, withRead More →