The Nasdaq closed above 20,000 for the first time ever Wednesday, as tech resumed its rally following in-line inflation data that largely cemented a Federal Reserve interest rate cut next week.
US Stocks were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and a meeting by the European Central Bank on Thursday.
US Stocks turned lower on overnight as concerns over US inflation data and China’s regulators opening a “monopoly” investigation into Nvidia driving chip stocks lower.
Stocks rose Friday night, as the employment data seemed to make investors more confident in the Goldilocks scenario, and Lululemon surged 16% on full year forecast
Stocks were little changed on overnight, with technology shares easing after recent sharp gains and investors bracing for Friday’s jobs report, as Bitcoin broker $100k for the first time in history
Tech drove the market to its 56th record high for 2024, as AI leaders, Salesforce reported higher uptake of AI agents, giving investors confidence that companies will start to monetize the new technology
The Nasdaq and S&P500 just scraped in record highs, ahead of a speech from Federal Reserve Chairman Jerome Powell and monthly jobs data due later this week.
Wisetech Global Annual Investor Day WTC:ASX
Tech stocks led the market higher overnight underpinned by an intel-led rise in chip stocks and an ongoing rally in Tesla.
US Markets closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.
As inflation stokes fears among retirees about depleting their savings too quickly, the percentage of people feeling prepared for retirement has plummeted from 60% in 2021 to a mere 28% in 2024
A wrap of the week in markets from the boys at MPC Markets.
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