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 →
Nasdaq 100 futures declined around 0.75%. S&P 500 futures were also down around 0.4% In after-hours trading, shares of Alphabet dropped more than 5%, while Microsoft slipped 2% after the tech giants, part of the Magnificent Seven posted quarterly earnings. However, both companies achieved on both top and bottom lines. However, advertising revenue for Alphabet came short ofRead More →
The Nasdaq 100 climbed to a new high of: 17314 on 19th January 2024 The NASDAQ 100 Index is a widely used benchmark for the performance of the technology sector in the U.S. market. It consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Some ofRead 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 Nasdaq Composite index reached a new all-time intra-day of 16,764 points on Monday 18th December 2023. This was a remarkable achievement for the index, as it surpassed its previous record of 16,729 points. The Nasdaq Composite index has been on a strong uptrend since March 2020, when it bottomed out at 3,193 points amid the COVID-19Read More →
The latest U.S. job data indicates that job growth accelerated in November 2023, with seasonally adjusted non-farm payrolls increasing by 199,000. The unemployment rate has dropped to 3.7%, even as more workers entered the labour market. This points to underlying strength in the labour market and is a positive sign for the U.S. economy. Read More →
The Nasdaq is a stock market index that tracks the performance of over 3,000 companies, mostly in the technology sector. Correction A correction is a term used to describe a decline of 10% or more from a recent peak in the price of an asset. The Nasdaq entered correction territory onRead 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 →
50 million iPhones sold in China every year Apple sells around 50 million iPhones in China annually. A sweeping ban is what investors fear and that spells trouble for Apple. Apple stock drops after The Wall Street Journal reported a day earlier that Chinese authorities have curbed the use of the iPhone.Read More →
August typically a rocky month The U.S. stock market has experienced a 5.6% slide for the S&P 500 index over 15 trading sessions through 17th August 2023 and levelling off in the last trading day of that week. This is about as bad as August typically gets, as August is aRead More →