Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
The Dow Jones Industrial Average and the S&P 500 reached new heights, lifted by a confluence of favourable inflation data and robust performances from technology giants such as Nvidia and Meta Platforms.
In a noteworthy shift, global stock markets edged lower, marking a departure from the recent tech-driven highs that had pushed major indices to record levels. The S&P 500 and Nasdaq Composite experienced downturns, as the successful rally in technology stocks began to lose steam.
This past week, the stock market experienced a notable shift in momentum, transitioning from its recent highs to a more passive stance.
The stock market made a strong comeback this week, with the S&P 500 and Nasdaq Composite hitting new highs. This uplift was driven by enthusiasm about slowing inflation and strong performances in the technology sector.
Wall Street saw a modest uptick with the S&P 500 and Nasdaq Composite climbing higher, hinting at investor optimism amid a complex backdrop of economic indicators and corporate news.
The stock market took a hit after a period of strong gains, countering the recent excitement around artificial intelligence and positive investor sentiment. Big tech companies, especially Apple, saw their stock prices fall, which dragged down the Nasdaq Composite.
In an unexpected turn from its recent upward trend, the stock market began the week on a quieter note, with the Nasdaq Composite and the S&P 500 stepping back from their latest high points, despite strong performances from major tech companies. The S&P 500 dipped by 0.1%, and the Nasdaq Composite fell by 0.4%, reflecting a more cautious approach from investors fresh off last week's peaks.
Despite March typically being a tough month for stocks, the Nasdaq Composite and the S&P 500 have hit new highs, thanks to strong interest in big technology companies and excitement about artificial intelligence (AI).
In a remarkable turn of events, the Nasdaq Composite surged to a record close for the first time since 2021, leading the charge as major stock averages ended February with their fourth successive monthly advance.
In a market atmosphere thick with anticipation, US stocks and Bitcoin navigate a landscape marked by the looming release of crucial inflation data. Wednesday's trading session saw a subtle pullback in major US stock indices, where investors are eyeing the forthcoming personal consumption expenditure report with keen interest.
Monday saw a retreat in the S&P 500 as investors shifted focus to key inflation data, with the index stepping back from its recent record highs. The Dow Jones Industrial Average edged lower by 0.1%, while the S&P 500 experienced a 0.3% decline, and the Nasdaq Composite slipped 0.1%. Notably, Amazon made its debut in the 30-stock Dow, replacing Walgreens Boots Alliance, a move expected to reshape the index's composition and amplify its exposure to the tech and consumer retail sectors.
Markets exhibited a complex range of highs and lows, navigating through a mix of record-setting achievements and underlying economic uncertainties. The S&P 500 and Dow Jones Industrial Average both notched fresh records, underscoring the robust appetite for risk among investors, lifted by a combination of corporate earnings beats and positive economic indicators.
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