Ahead of this week’s Federal Open Market Committee meeting, all three major U.S. indices closed in the green to open the week. Despite today’s losses, the Dow booked an impressive monthly gain for the month of October at nearly 14%. The two-day FOMC meeting is due to wrap on Wednesday with a policy update announcement […]
RoboStreet – October 27, 2022 Tech Earnings Underperform, GDP Data Returns Strong Markets were supported this week by better-than-expected GDP data; however, tech shares felt pressure after some earnings reports fell short of expectations. As the Dow Jones was able to book five straight sessions of gains on Thursday, the tech-heavy Nasdaq slipped throughout the […]
Stocks hit a month-long high on Monday, as investors are hopeful that the Federal Reserve will make some changes regarding their upcoming policy updates. The Dow and S&P 500 were sent to their greatest heights in over a month, primarily due to investors receiving lower-than-normal economic data which led to optimism the Federal Reserve would […]
RoboStreet – October 20, 2022 Yields Spike While Earnings Support Markets Despite a positive start to the third-quarter earnings season, U.S. stocks ended Thursday lower as Treasury yields reached new multiyear highs. Markets saw an up-and-down week which also featured the latest Beige Book and the continuation of the earnings season. Corporate earnings are due […]
After the 10-year Treasury bond yield reached its highest level in 12 years, major U.S. indices snapped a two-day winning session. The streak to open the week was powered by positive earnings reports, which continued today, however, markets were not able to withstand the peak in yields and closed in the red. All three major […]
On Monday, stocks in the U.S. market soared as investors looked forward to corporate earnings announcements while the U.K.’s new tax policy caused a shift in bond markets worldwide. All three major U.S. indices booked gains as the latest earnings season appears to empower shares to trade higher. The U.K.’s new finance minister has announced […]
RoboStreet – October 13, 2022 Earnings Season Due To Dictate Upcoming Market On Thursday, after the U.S. consumer-price index for September came in higher than economists had predicted, stocks initially sold off sharply. However, they later recovered and turned sharply higher during the final hour of trading. The latest movement does not deter market sentiment […]
Following today’s release of the Federal Open Market Committee meeting minutes, all three major U.S. indices closed in the red. Although the Nasdaq was able to muster a 0.1% gain on Tuesday, most U.S. shares sold off today ahead of key inflation reports due this week. Also this week, Q3 earnings season begins with major […]
On Monday, the Dow Jones Industrial Average and the S&P 500 remained close to their 2022 lows set at the end of last month while the Nasdaq gave up nearly 3.5%. Shares felt added pressure after they failed to bounce back following worries about future Federal Reserve rate hikes. This week markets will see major […]
RoboStreet – October 6, 2022 Markets Dip After OPEC and Fed News All three major U.S. indices closed lower on Thursday after a volatile session that included comments from Fed officials and unemployment data. Traders responded to data showing a greater-than-expected increase in jobless claims and comments from senior Federal Reserve officials who stated that […]
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