US equities extended gains on Monday as the optimism mounted that the US lawmakers are close to end the longest government shutdown in history. Investors fled to risk assets, with major indices and AI bellwethers soared sharply. Meanwhile, bonds slipped as safe-haven demand eased. The S&P 500 gained more than 1.5%, marking best daily performance Read More…
The US equities rally broke momentum after AI bellwether Palantir Technologies Inc. (NYSE: PLTR) revealed disappointing earnings. Market analysts hinted at high valuations likely to trigger a potential near-term correction. Meanwhile, the S&P 500 (ES) fell 1.1% amid a range-bound movement on Monday, while Nasdaq 100 (NQ) futures also witnessed a 1.4% drop as investors Read More…
Equities were almost flat on Wednesday as investors eagerly awaited Nvidia’s earnings report. Meanwhile, the stocks ended the previous session down amid worries about the independence of the US central bank. Nvidia is set to report its earnings later in the day. The stock rose in anticipation as analysts predicted another upbeat report. S&P 500 Read More…
Equities barely moved on Monday as most market participants remained on the sidelines ahead of crucial events this week. Traders are looking forward to the Jackson Hole symposium to see the economic and policy outlooks. At the same time, major retailers are set to release their earnings reports. Monday was a slow day for US Read More…
Equities rallied on Monday, recovering from Friday’s losses when the US released a downbeat monthly employment report. The rebound came as investors sought bargains. At the same time, there was optimism about lower borrowing costs, which will likely spur economic growth. Friday was a red day on Wall Street after US data revealed a sharp Read More…
Equities edged higher on Monday as sentiment improved on hopes of more trade deals before the August 1 deadline. However, market participants remained cautious ahead of crucial US inflation data and the start of earnings season. S&P 500 (Source: Bloomberg) Equities have remained mostly resilient, hitting new highs despite Trump’s tariff threats. The impact of Read More…
