On Friday 29th November 2024, the Dow Jones reached a new record high, closing at 44,910 points after breaching 45,000 temporarily This formed part of a wider market surge that led the S&P 500 and Nasdaq Composite to also hit record peaks. It concluded a remarkable month for the stockRead More →
More new records set in extended U.S. post-election rally The S&P 500 and Nasdaq climbed on Thursday 7th November 2024, extending the rally following the victory of President-elect Donald Trump, while traders considered the implications of the Federal Reserve’s recent rate reduction. The S&P 500 rose to close at anRead More →
The Nasdaq Composite climbed to an all-time high on Friday 25th October 2024, boosted by BIG tech stocks. The tech-heavy index rose 0.56% to 18,518.61 Tech stocks boosted the market ahead of their upcoming earnings. Nvidia added 0.8%, and shares of Meta Platforms, Amazon and Microsoft were also higher. Some analysts are suggesting it may be time to shortRead More →
Stocks soared on Thursday 19th September 2024, with the Dow Jones Industrial Average and the S&P 500 reaching new record highs, following the Federal Reserve’s decision on Wednesday to cut interest rates by half a percentage point. The Dow Jones climbed 522.09 points to close at 42025, surpassing 42000 forRead More →
The Dow Jones Industrial Average (DJIA) reached a new record high on Monday 26th August 2024, closing at 41240. Investors have responded positively to the Federal Reserve’s recent indications that interest rate cuts are highly probable to commence in September 2024. Market dynamics and sentiment The rise of the DJIARead More →
Highs and lows of one volatile week in the U.S. stock market U.S. stocks climbed on Monday 19th August 2024, continuing the market’s rebound as investors prepared for the highly anticipated Federal Reserve symposium at Jackson Hole later in the week. The S&P 500 ended the day at 5608 TheRead More →
U.S. stocks surged on Thursday, buoyed by investor confidence bolstered by positive consumer and labour data, which alleviated fears of a recession. The Dow Jones Industrial Average soared 554 points to close at 40563 – one year chart The S&P 500 ended up 1.61% at 5,543.22, marking its sixth consecutiveRead More →
Stocks closed lower on Wednesday 7th August 2024, failing to fully recover from Monday’s sell-off. The Dow Jones Industrial Average dropped 234 points to 38763.45. The S&P 500 fell to 5199.50, while the Nasdaq Composite closed at 16195.81. During the day, the Dow had surged around 480 points, the S&PRead More →
U.S. shares gained on Tuesday 6th August 2024, signalling a tentative stabilisation in global markets after a period of significant declines. The Nasdaq, known for its tech-centric portfolio, along with the Dow Jones Industrial Average and the S&P 500, all ended the day in more positive territory. This ‘lift’ cameRead More →
The seven most valuable U.S. tech companies experienced a combined loss of $1 trillion in market value at the start of Monday’s trading session – 5th August 2024 The Nasdaq declined over 3% following its sharpest three-week drop in two years. Nvidia’s shares fell approximately 6%, while Apple’s dropped moreRead More →
U.S. stock futures slumped Monday 5th August 2024 as global markets sell-off centered around potential U.S. recession fears. About one hour before U.S. stocks open – here’s the situation Dow Jones Industrial Average futures dropped 1250 points following a 611point loss on Friday 2nd August 2024. S&P 500 futures are down 4.6%Read More →
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 →
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 →
Japan’s Nikkei 225 surpassed the 42,000 threshold for the first time ever during a widespread increase in Asia-Pacific markets on Thursday 11th July 2024. This surge followed a rally in U.S. Big Tech stocks, fueled by optimism over a potential Federal Reserve rate cut moving ever closer. The Nikkei climbedRead More →
Asia-Pacific markets witnessed highs on Tuesday 8th July 2024, mirroring the gains on Wall Street where the S&P 500 and the Nasdaq Composite ended at record highs. India’s Nifty 50 index also hit an all-time high of 24401.2 Investors are anticipating the forthcoming U.S. consumer price index release to discern the Federal Reserve’sRead More →
Markets respond positively to job data as the S&P 500 and Nasdaq break record highs, again! S&P 500 record high Nasdaq Composite record high Nasdaq 100 record high U.S. non-farm payrolls increase The U.S. economy added slightly more jobs than expected in June 2024 though the unemployment rate increased, the U.S.Read More →
The S&P 500 reached new heights in a shortened trading session on Wednesday 3rd July 2024, with investors seemingly dismissing lacklustre economic data. The S&P 500 closed at a new high of 5537, while the Nasdaq Composite finished the session at 18188, buoyed by rallies in technology and AI stocksRead 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 unloved rally: A paradox The S&P 500 and Nasdaq have been reaching all-time highs with remarkable frequency, notching nearly thirty record days in 2024, including four in the past week. Despite this stellar performance, a considerable number of investors remain hesitant. Let’s explore the reasons behind this paradox. LingeringRead More →
Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple. The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust basedRead 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 →
Both the S&P 500 and the Nasdaq Composite each hit yet another all-time high on 13th June 2024. The S&P 500 notching fresh records for the last four consecutive days. S&P 500 closed at another new all-time high on 13th June 2024 Nasdaq Composite closed at another new all-time highRead More →
The S&P 500 soared to a new high, surpassing 5400 for the first time on Wednesday 12 June 2024, following the Federal Reserve’s latest policy statement and the May 2024 inflation report, which suggested a softening of inflationary pressures. The S&P 500 index rose by 0.85%, closing at around 5421Read 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 →