The seemingly endless AI rally continued overnight despite the Fed being more hawkish than expected, whittling down the possibility of rates cuts to just one cut this year, and less in 2025 as the central bank remains cautious on inflation.
In the Wall St equivalent to a participation award, S&P 500 and Nasdaq climbed to a record close for the second-straight day, on a surge in Apple to all-time highs, on AI…. 18 months late and not even their own product
The S&P 500 and Nasdaq reached new record highs, driven by a strong performance in the technology sector ahead of the Federal Reserve’s interest rate decision and upcoming inflation data.
Equities took a breather after notching a record high a day earlier, as investors weighed up the ECB’s rate cut and further signs of cooling in the labor market, just a day ahead of the crucial monthly U.S. jobs report.
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.
