Equities regained some ground after pulling back at the end of last week due to a decline in the tech sector. Volatility was low on Monday, with no major reports and stalled talks between the US and Iran. Market participants are looking forward to the FOMC meeting minutes due on Wednesday. Stocks rally (Source: Bloomberg) Read More…
US equities hit fresh record highs on Monday amid optimism over a solid earnings season. The new high came despite ongoing tensions in the Middle East and stalled negotiations. Meanwhile, traders are cautiously awaiting the US consumer inflation report and the vote on the Fed Chair nomination later on Tuesday. The S&P 500 soared to Read More…
US equities pulled back slightly on Monday after hitting fresh record highs in the previous session amid earnings optimism. Market participants have decided to focus more on the upbeat earnings reports, indicating a solid start to the year. However, downside risks remain due to the uncertainty surrounding the Iran war. S&P 500 EPS (Source: Investing.com) Read More…
Equities hit record highs on Monday amid optimism ahead of earnings reports from the Magnificent Seven US companies. However, uncertainty about US-Iran talks and the war kept a lid on gains. Meanwhile, market participants are looking forward to the FOMC policy meeting later this week. S&P 500 Weekly performance (Source: Seeking Alpha) Positive stocks recorded Read More…
Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
Equities ended higher on Monday, continuing last week’s rebound from this year’s lows. The rebound came amid better-than-expected US data and optimism about progress in talks between the US and Iran. Meanwhile, market participants are awaiting US inflation figures for clues on future Fed policy decisions. Last week, the US released upbeat economic data, including Read More…
