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 […]

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 […]