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 […]
After markets were pulled in both directions last week but ultimately ended up sharply lower, U.S. markets opened this week to a similar sentiment as all three major U.S. indices edged lower. Primarily, markets were pressured due to the latest comments from Fed Chair Jerome Powell. During the recent Jackson Hole Economic Symposium, Jerome Powell, […]
Ahead of Friday’s Jackson Hole Economic Symposium, where Fed Chair Jerome Powell is due to speak, all three major U.S. indices closed in the green for the second straight positive session. Investors will look at Powell’s remarks for indicators regarding the Federal Reserve’s policy, which has been a concern in regard to mounting inflation and […]
After opening the week to two losing sessions, U.S. stocks finished higher on Wednesday with all three major U.S. indices closing in the green. Headline news from D.C. signaled President Biden’s student loan forgiveness initiative, which will erase $10,000-$20,000 in debt per student. Concerns about a hawkish stance from the Federal Reserve have been weighing […]
All three major U.S. indices closed in the red, alongside gold and oil which also traded lower. The stock market had its worst day in two months on Monday as concern over the stock market had spiked and fear the Federal Reserve would start raising interest rates to fight inflation pressured markets. The Dow, S&P, […]
This week, markets traded back and forth on mixed signals from the Fed as well as unique results in the latest retail reports. On Thursday, the closing price of U.S. equities rose in the last hour of trading after they fell on Wednesday following the release of the latest Federal Open Market Committee meeting minutes. […]
Following the release of the latest Federal Open Market Committee meeting minutes, all three major U.S. indices closed in the red. U.S. stocks recovered slightly by the end of the day but still finished lower as minutes from the Federal Reserve’s July meeting showed policymakers are open to continuing interest rate hikes but will be […]
Stocks rebounded from a low open on Monday, extending the Dow’s longest unbeaten run since late May. The latest reports from U.S. and China showed soft data which missed forecasts but largely did not impact market direction. All three major U.S. indices closed in the green after posting impressive gains last week. As of Monday, […]
RoboStreet – August 11, 2022 Following CPI Data, Markets Begin to Slide after Hitting Highs After reaching a three-month high this week following yet another batch of inflation data, stocks in the U.S. ended mostly lower on Thursday which suggested that skyrocketing gains may be slowing down. At the midweek point, all three major U.S. […]
After CPI data was released and showed a modest decline in prices, alleviating pressure on the Federal Reserve, equities closed at their highest level since May. All three major U.S. indices closed in the green, with the Nasdaq returning to bull territory. In the latest CPI report, the Labor Department said the consumer price index […]
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