Major U.S indexes are rebounding from a significant drop in the previous trading session, with financials notching in as top performers. A delay has been set for voting on the Trump administration’s health care bill until July 4, which is reviving investor uncertainty around passing further agenda items by President Trump. A highly anticipated infrastructure […]
Major U.S indexes are trading choppy, a departure from pre-open positivity, after a durable-goods report disappointed investors. Technology shares have also turned downward, and a short-lived crude oil rally struggled to maintain. Investors have been largely interested in stocks in light of very low bond yields, but have been looking to oil and economic data […]
Major U.S indexes are seeing mixed performance today as investors see more slumps in tech shares, amidsts analyst concerns that we may be seeing another bubble for the beleaguered sector. After a 20% drop into the bear-market on Tuesday, crude oil prices are starting to build back up following indications from OPEC that more output […]
In early trading today, the Dow met an all-time high, climbing to 21,457.1. The S&P 500 had also moved within striking distance of an intraday record. Previously suffering tech shares are seeing a rebound, which is helping to push major indexes higher. Investors and analysts alike are keeping track of this sector amidsts concern around […]
U.S indexes are fluctuating between gains and losses today as investors anticipate a Fed rate hike announcement while digesting disappointing economic data. Inflation and retail sales for the month of May was not as expected, so there is movement into safe-haven assets. The U.S dollar also lost some strength due to those reports. Federal Reserve […]
U.S indexes are trading lower today, following a second continuous round of losses in technology sectors. A sector rotation into energy, industrials and financials offset losses somewhat. Goldman Sachs, along with other analysts, have been warning that tech stocks have been overextended and were due for corrections. Strong corporate earnings reports in this sector are […]
Investors are anticipating the outcome of three significant political events tomorrow: Former FBI Director James Comey’s testimony to the Senate Intelligence Committee, the U.K. general election and a consequential meeting of the European Central Bank. Mr. Comey’s testimony is set to be one of the most-watched congressional testimonials since the Nixon Watergate scandal. His remarks […]
Markets are reacting to a host of new geopolitical concerns, as well as a deadly U.K terror attack. Four major Gulf states have decided to band together in cutting relations with Qatar, over joint allegations that the oil-producing country is supporting terrorism. This is having major implications in the crude oil market, and has injected […]
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