A Bank of Canada rate cut and signs of further cooling in the labor market fueled investors “one-eyed” optimism, lifting hopes that the Federal Reserve will cut interest rates later this year
The best way to describe the markets positive spin on weakening economic conditions, is “oxymoron”, but history has often taught us that only the latter half of that word ends up describing those who buy it
Stocks closed lower led by a slump in energy stocks on falling oil prices and weaker manufacturing data pointing to a slowing in the economy.
Stocks closed lower for a second straight session, pressured by a salesforce-led dent in technology and cautious sentiment ahead of key inflation data due tonight.
Rising bond yields weighed down stocks overnight as investors become increasingly wary of stubborn inflation and the prospect of rates remaining higher for longer
The Nasdaq closed above 17,000 for the first time ever Tuesday, underpinned by a surge in Nvidia amid ongoing AI-led optimism.
Futures and metals prices ground higher in thin markets overnight as the US paid respect to their fallen on Memorial Day and the UK had a Bank Holiday
Stocks push higher on Friday as the Nasdaq rallied to a record close, ending the week with a win as a Nvidia-led surge fueled bullish bets on stocks offsetting jitters about higher longer interest rates ahead of the long holiday weekend.
Stocks slipped from record highs as rising Treasury yields on signs of sticky inflation dented rate-cut hopes offsetting an Nvidia-led charge higher in tech stocks.
Stocks closed lower Wednesday, a day after notching a record high as investors digested the minutes from the Federal Reserve May meeting showing concerns about progress on inflation.
Stocks eked out a small gain as the S&P 500 and Nasdaq closed at record highs Tuesday as the intraday dip in tech was bought ahead of eagerly awaited earnings from AI-darling Nvidia due Wednesday.
Stocks traded in tight ranges Monday, with investors cautious ahead of more cues on interest rates and earnings this week. Metals held their Asian session gains with Gold and Copper settling at record highs and Silver pushing to 12-year highs at $32
