RoboStreet – December 1, 2022 Economic Data Supports Markets Ahead of Holidays After the ISM showed that American factory activities contracted to a 30-month low in November, stocks finished mostly lower after a rocky Thursday session. U.S. stocks mostly opened higher on Thursday after the Federal Reserve’s preferred inflation measure showed price pressures cooling in […]
With China in the midst of protests pressuring global markets, U.S. shares lowered today as Federal officials see the necessity for more rate hikes. All three major U.S. indices closed in the red with the Dow dropping 500 points as Nasdaq and S&P lower 1.5% today. Last week, for the second time in three weeks, […]
As traders digest economic data and await minutes from the Federal Reserve, stocks in the United States rose in early morning trading. Tuesday was a good day for stocks, with the S&P 500 closing up 1.4%, while the Dow and the Nasdaq Composite also advanced. Yesterday’s rise was driven in part by the continuing belief […]
RoboStreet – November 17, 2022 Week Turns Negative on Positive Retail Data As we wrap up the latest earnings season, the focus has begun to shift toward year-end market-moving events. With another FOMC behind us and the current earnings season reaching its last legs, investors are now looking toward the upcoming inflation reports and the […]
On Wednesday, after Target announced disappointing profits for the holiday season and October retail sales indicated a pickup in activity, stocks in the U.S. slid as traders worried that this might lead to more interest rate hikes from the Federal Reserve. This week’s earnings reports from $NVDA, $BABA, and $CSCO – as well as Retail […]
Stocks prices began to drop in the afternoon, after starting the day off strong, as investors seemed torn about whether or not the Federal Reserve would take action on inflation in the upcoming FOMC meetings. All three major U.S. indices closed in the red on Monday, which comes after an impressive week of gains last […]
RoboStreet – November 10, 2022 Surprising Inflation Data Supports U.S. Stocks Following the latest CPI data release, all three major U.S. indices booked impressive gains while long-term yields, having recently reached record highs, sold off sharply on Thursday. This comes one week after the Federal Open Market Committee hiked interest rates by 75 basis points […]
U.S. stocks rose today in advance of a busy week that includes new data on inflation and the midterm elections, which will determine control of Congress – as well as the final stretch of earnings season for companies reporting third-quarter results. On Tuesday, midterm elections are due to take place and likely provide clarity on […]
RoboStreet – November 3, 2022 Market Selloff Following FOMC Rate Hike This week, markets responded to the latest Fed policy update ahead of key employment data as well as the continuation of the latest earnings season. Markets continued to sell off on Thursday after starting the week in the red and lowering even further following […]
All three major U.S. indices fell today following the latest Federal Open Market Committee meeting policy update announcement. On Wednesday, Fed Chair Powell announced the fourth consecutive interest rate hike, bringing interest rates to multi-year highs. The Fed hiked its rate by 0.75 percentage points to a range of 3.75% to 4%, signaling that it […]
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