Equities in the US were closed overnight for Martin Luther King Day. Equity index futures were open, with the DOW -0.06% S&P500 -0.09% and Nasdaq -0.02%
Uranium continued its strong run, settling at another fresh 16 year high of $106lb.
Equities closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
Equities as investors digested data showing that U.S. consumer price inflation came in above economists’ expectations in December.
Equities were firm overnight, built on the strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the week.
Equities closed lower on Tuesday, pressured a rise in Treasury yields as investors assess the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.
Tech leads U.S. market rebound with Nvidia’s surge, while Boeing faces decline and commodities falter amidst cautious optimism from financial analysts
Equity markets finished slightly higher in choppy trade Friday after conflicting economic data.
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
Much like the Christmas and NY hangover most of us are feeling, US Stocks trimmed some fat from the Santa rally
US Stocks fell away from record highs on Friday in the last trading session of 2023 as investors banked their “Christmas rally” profits, particularly in the “magnificent 7”
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
