Stocks Pick of The Week - Stocks See Mixed Reactions Amid Geopolitical Tensions and Earnings Surprises
Futures moved after a broad decline in stocks during Thursday's trading hours. The Dow dropped over 500 points, ending a six-day winning streak, while the S&P 500 and Nasdaq Composite fell by 0.78%...
Producer Prices Rise in June as Services Offset Goods Decline
The producer price index (PPI) rose by 0.2% in June, exceeding expectations of a 0.1% increase. The increase was driven by higher service prices, which offset a decline in goods prices. Despite this...
Stocks Pick of The Week - S&P 500 and Nasdaq Drop as Tech Giants Falter Amid Economic Shifts
The S&P 500 and Nasdaq Composite fell from record highs as investors shifted away from Big Tech stocks like Nvidia and Meta Platforms. This decline follows the lowest consumer price index in over...
June Jobs Report Sparks Market Shifts Amid Rising Unemployment
The US economy added 206,000 jobs in June, surpassing the 200,000 forecast but less than May's revised gain of 218,000. The unemployment rate unexpectedly rose to 4.1%, the highest since October...
Stocks Pick of The Week - Market Rally Amid Economic Concerns
The Nasdaq Composite and S&P 500 are up more than 2.5% and 1% respectively, reaching all-time highs this week. The Dow has increased by 0.5%. Recent economic indicators, such as higher weekly jobless...
US Dollar Eases Amid Inflation Data; Key Trends in Gold, Yen, Euro, and Oil
The US dollar eased slightly on Friday after data showed inflation subsided, reinforcing expectations that the Federal Reserve will cut interest rates this year. The personal consumption expenditures...
Stocks Pick of The Week - S&P 500 Gains Amid Fed Rate Cut Speculation
The S&P 500 posted a small gain as investors anticipated key inflation data, hoping for indications of a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average rose by 36...
Gold Drops, Oil Gains, and Currency Movements Amid Economic Shifts
GOLD
Gold prices dropped over 1% to $2,320.00 per ounce on Friday due to a stronger dollar and higher bond yields following strong US business activity data. The dollar reached its highest level over...
Stocks Pick of The Week - Nasdaq Drops as Nvidia Stalls While Dow Surges and Oil Prices Rise
The Nasdaq fell as Nvidia's momentum stalled. The Dow Jones Industrial Average was recording its best day in months. The S&P 500 had a rollercoaster day, reaching a new high above 5,500 before...
