Gold continues on its path to new highs touching $2740 on 21st October 2024 In 2024, gold experienced a surge of over 35%, reaching new record highs. This increase was propelled by the anticipation of additional Federal Reserve rate reductions following a half-percentage-point cut in September 2024, coupled with persistentRead More →
Chinese stocks declined on Tuesday 15th October 2024, contrasting with the broader gains in other Asia markets, which followed record highs reached by the Dow Jones Industrial Average and the S&P 500 on Wall Street The CSI 300 index in Mainland China fell to close at 3,855.99, and the HangRead More →
Nvidia’s shares have reached a record peak as the company continues to benefit from the surging demand for its AI chips Tech giants such as Microsoft, Meta, Google, and Amazon are acquiring Nvidia’s GPUs in large volumes to create extensive AI computing clusters. Nvidia, with a market capitalisation of aroundRead More →
On Monday, 14th October 2024, the Dow Jones Industrial Average and the S&P 500 both reached new record highs The S&P 500 climbed to 5,859.85, and the Dow Jones, composed of 30 stocks, increased by 201.36 points to 43,065.22. Both indices achieved all-time highs and closed at record levels, withRead More →
Stocks broadly climbed for a second consecutive session on 9th October 2024 with Dow & S&P 500 reaching new record highs The S&P 500 and Dow Jones Industrial Average both closing at record highs, buoyed by a surge in technology stocks and a dismissal of geopolitical worries. The S&P 500Read 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 →
On 2nd July 2024, the S&P 500 reached a significant milestone, closing above 5500 for the first time in its history. This impressive achievement has prolonged the blistering rally of 2024, during which the index has reached 32 record highs. Since July 2023, the S&P 500 index has surged byRead 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 FTSE 100 soared past 8300, reaching a new record high amid busy trading as London markets reopened after the bank holiday. A catch-up trading session is evident, with mainland-listed stocks having a robust session on Monday 7th May 2024 and continuing to rise. The FTSE reached around 8335 inRead More →
The UK FTSE 100 stock index has reached a new record closing price on Monday 22nd April 2024 The new all-time high was likely propelled by a weakening pound and reduced tensions in the Middle East. The FTSE 100 has been the laggard for many months. The index concluded MondayRead More →
Gold at all-time high above $2,400 Technical analysis indicates that the risk trends towards the upside, with indicators showing overbought conditions and prices rising above moving averages. However, it’s crucial to remember that markets are subject to change and can be affected by various factors, including geopolitical risks and economicRead More →
Japan’s Nikkei 225 index briefly surpassed 41000, reaching a new all-time high on Friday 22nd March 2024, as the nation’s inflation rate reportedly accelerated in February 2024. Other Asia-Pacific markets experienced declines. The headline inflation rate in Japan for February 2024 was reported at 2.8%, an increase from the 2.2%Read More →
Japan’s Nikkei 225 index hit a new all-time high on Monday 26th February 2024. In contrast China markets slipped after a nine-day winning streak. The Nikkei 225 ended 0.4% higher at 39233 comfortably above its previous closing record of 39,098.68. The index breached its 1989 all-time high of 38915 on ThursdayRead 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 →
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 →
The S&P 500 index reached a new all-time high of 4,839.81 on Friday, January 19, 2024. This was the first time the index closed above its previous high set January 3rd 2022. The rally was driven by strong earnings from the magnificent 7 tech giants such as Nvidia and Microsoft. The expectation ofRead More →
Japan’s Nikkei 225 index set a new record in nearly 34 years last week, breaking the 35000 barrier for the first time since February 1990. Its all-time high of 38915 was hit in December 1989? That’s a 35 year old record! Some analysts think that the long-term prospects for theRead More →