RoboStreet – September 22, 2022 Stocks Selloff Following FOMC Update After the Federal Reserve increased interest rates by 75 basis points on Wednesday and reaffirmed its intention to quell inflation, even at the cost of an economic recession, stocks in the United States fell Thursday. Initially, shares attempted to gain back some of Wednesday’s losses […]
After rapidly fluctuating throughout the day, American stocks closed lower on Wednesday as the Federal Reserve proclaimed another rate hike and plans for additional hikes which were higher than what investors had initially predicted. In the afternoon, the Federal Reserve officially announced it will be raising policy interest rate by .75% to a target range […]
All three major U.S. indicies closed in the green today, ahead of tomorrow’s Federal Open Market Committee policy meeting. Monday’s action was particularly volatile as prices fluctuated throughout the day. However, stocks surged in the final hour of trading as investors prepared for what will likely be another interest rate hike. The Federal Reserve meeting […]
RoboStreet – September 15, 2022 Mixed Week Turns Lower Following Retail and Inflation Data In the final hour of trading on Thursday, U.S. stocks could not hold on to gains made earlier that day and sold off significantly as bond yields continued to climb higher. As always, inflation was in focus this week with key […]
Stocks closed modestly higher on Wednesday, following the worst daily losses since June 2020 after consumer price inflation data were released on Tuesday. Despite yesterday’s dip, market losses have been outperforming the yearly average since June. Although volatility was present throughout the day, U.S. stocks were able to maintain slight gains after data revealed that […]
U.S. equities closed higher for a fourth consecutive session ahead of the August inflation report due Tuesday. Along with the CPI data, the $ORCL and $ADBE earnings can influence the next move in the market. With the latest upswing in the market- having snapped a multi-week streak of declines last Friday when U.S. indices booked weekly […]
RoboStreet – September 8, 2022 Markets Struggle for Direction Ahead of Key Inflation Data This week, markets continued to be guided by Fed comments and sentiment as inflation remained in focus. During the shortened trade week, markets saw some movement higher behind a mixed bag of economic reporting that showed marginal relief in the economy […]
Despite many central bankers’ hawkish comments about inflation recently, the stock market had its best day in a month with all three major U.S. indices closing in the green. The Nasdaq rose over 2% while the Dow and S&P saw nice gains of over 1%. On Wednesday, Federal Reserve Vice Chairman Lael Brainard said that […]
RoboStreet – September 1, 2022 Markets Continue Slump Following Jackson Hole Comments Following last week’s Jackson Hole meeting, where Fed Chair Jerome Powell reinforced the Fed’s intention to continue fighting inflation until the job is done, markets plummeted to their lowest level in months. To start September, U.S. indices were on track to finish for […]
For the fourth consecutive day, the Dow Jones, S&P 500, and Nasdaq declined as investors exit their positions ahead of the Labor Day holiday. This brought all three major U.S. indices, in the month of August, down 4%. Troubled by sluggish job growth in the private sector and worries about a worsening recession prompted by […]
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