Stocks surges for the 4th session in the last 5, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and chips stocks were buoyed by TSMC’s upbeat forecast.
US stocks moved higher overnight following a wobble the previous day as chip stocks steadied and investors continued to rotate out of the Mag7 into the broader market.
US stocks followed world stocks lower on Tuesday as weak sales forecast from chipmaker ASML weighed on tech shares, while crude extended its slide due to easing supply worries and weakening demand.
fresh record highs on a Columbus Day affected session, as investors bought into technology stocks ahead of a busy week packed with corporate earnings and crucial economic data.
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fuelled expectations for a U.S. Federal Reserve rate cut in November.
Stocks fell Thursday as stronger-than-expected inflation data muddied the outlook for Federal Reserve rate cuts, Hurricane Milton hit landfall in Florida and Israel launched an attack on Beirut
Stocks ground to fresh records as investors continued to digest clues on interest rates from the Federal Reserve, a day ahead of fresh inflation data and Tesla robotaxi event.
The US market was led higher by tech, particularly Nvidia, despite a rout in Chinese stocks, with Chinese tech index having their worst day in history
Overnight – Treasury yields spike, putting stocks on the back foot A jump in long term Treasury yields overnight
Overnight – Strong jobs numbers reinforce “goldilocks” scenario Stocks headed higher on Friday as the US jobs numbers showed
Stocks closed higher for the sixth straight session Thursday, as fears of an economic slowdown were dispelled following stronger-than-expected labor market and retail sales data.
Stocks drifted higher driven by encouraging data showing a continued slowdown in inflation. This has raised expectations that the Federal Reserve might soon begin cutting interest rates, potentially as early as next month.
