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 stock market showcased a remarkable upswing, driven by a number of strong corporate earnings that eased concerns over impending interest rate hikes.
The Dow Jones Industrial Average and the S&P 500 experienced a notable rebound this week, breaking from recent losing streaks as optimism returned to technology stocks.
In a significant downturn, the Nasdaq Composite recorded its sixth consecutive losing day, tumbling over 2% as Nvidia's shares plummeted by 10%, marking a significant shift in market sentiment.
The US stock market experienced a tug-of-war on Thursday, with the Dow Jones Industrial Average making a modest gain while the S&P 500 and Nasdaq Composite fell to selling pressure.
Despite a promising start to the trading day, major US stock indexes weakened, marking a continued decline amid tech sector struggles and mixed global economic signals.
In a day marked by conflicting signals, the stock market had a mixed response as Federal Reserve Chair Jerome Powell indicated a continued high-interest rate environment, causing the S&P 500 to edge lower. Despite
Stocks staged a comeback on Thursday, with the S&P 500 and the Nasdaq Composite gaining, as technology shares led the market higher.
Wall Street ended Tuesday with mixed sentiments as investors anxiously awaited the upcoming US inflation report.
In a day of cautious trading, the stock market showed mixed results with the S&P 500 closing nearly unchanged, reflecting the investors' hesitation.
In a volatile trading session, US stocks staged a comeback on Friday, with the major indices recovering from steep losses in the previous session.
As the first quarter of 2024 closes, global markets are witnessing a surge in optimism, boosting the S&P 500 to record heights with a notable 10.2% gain, marking its strongest first-quarter performance since 2019.
In a stunning reversal from a recent slump, the Dow Jones Industrial Average and the S&P 500 roared back to life, signalling investor confidence and economic optimism across the board. Wednesday's trading session closed with the Dow surging over 450 points, while the S&P 500 reached a fresh record, breaking a three-day losing streak with a gain of 0.86%. This remarkable recovery was led by standout performances in the S&P 500, particularly Cintas and Merck, the latter reaching a new all-time high following a pivotal FDA approval.
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