On Monday, US equities gained modestly and closed at new yearly highs. This occurred ahead of key market events this week, including inflation readings and the Federal Reserve’s policy announcement. These events will strongly affect investors’ expectations of interest rates. Many market watchers now believe the central bank has completed its interest rate hike cycle Read More…
Equities closed mixed on Tuesday after the US reported a big drop in job vacancies. As a result, investors increased their bets on a Fed rate cut in March. Job vacancies in the US have fallen to their lowest level since early 2021. US job openings (Source: Bureau of Labor Statistics) On Tuesday, the Labor Read More…
On Monday, US equities declined, breaking last week’s rally, as investors became cautious before this week’s employment data. The data could impact expectations of an early interest rate cut by the Federal Reserve next year. S&P 500 nearly overbought (Source: Bloomberg) The S&P 500 achieved its highest close of the year on Friday after Fed Read More…
On Tuesday, US equities surged amid a drop in US Treasury yields. The rally came as falling yields boosted megacap growth stocks. S&P 500 daily performance (Source: Bloomberg) Consequently, the S&P 500 and Nasdaq recorded their longest winning streak in two years. The benchmark 10-year Treasury note yield was set for its fifth decline in Read More…
US equities rose on Tuesday as investors awaited the Federal Reserve’s monetary policy update and processed mixed earnings reports. The Federal Reserve initiated a two-day monetary policy meeting. It is widely expected to maintain interest rates on Wednesday, with investors closely watching its statement and Fed Chair Jerome Powell’s comments for insights into their plans. Read More…
US equities closed higher on Monday as energy stocks surged with oil prices following the latest updates on the Israel-Palestinian conflict. The Israeli military took steps, including calling up reservists and imposing a total blockade on the Gaza Strip. It indicates possible plans for a ground assault against Hamas, which launched a deadly attack over Read More…
