Tag Archives: Dow Jones
US Markets Tumble Amid Weak Jobs Report and Mixed Earnings, Dollar Weakens
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The US stock market experienced a sharp drop on Friday, with major indices closing significantly lower. The S&P 500 fell 1.84%, the Nasdaq sank 2.43%, and the Dow Jones plunged nearly 610.71 points (-1.51%). The downturn was primarily driven by a weaker-than-expected jobs report, which raised concerns about a slowing economy. For the week, the […]
Tech Earnings Disappointment Triggers Steep Wall Street Sell-Off
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US stocks plummeted on Wednesday, with major indices suffering substantial losses. The S&P 500 fell 2.31%, marking its worst day since December 2022, while the Nasdaq plunged 3.62%, its poorest performance since October 2022. The Dow Jones Industrial Average also took a hit, shedding 504.22 points (-1.25%). This market downturn was primarily attributed to a […]
Dow Jones Hits Record High as US Stocks Rally on Rate Cut Hopes
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Major US stock indices climbed on Tuesday, with the Dow Jones leading gains. The Dow surged 742.76 points (1.85%), marking its second consecutive record close and the strongest performance since June 2023. The S&P 500 rose 0.64%, while the Nasdaq edged up 0.21%. Market sentiment was primarily driven by expectations of Federal Reserve rate cuts. […]
Tech Rally Propels S&P 500 and Nasdaq to New Peaks Despite Fed’s Rate Pause
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In June 2024, for the seventh consecutive meeting, the Federal Reserve decided to maintain the federal funds target range at 5.25%-5.50%, aligning with predictions. The Fed’s policymakers anticipate that until there is greater confidence in inflation sustainably approaching 2%, a reduction in rates will not be deemed appropriate. The current dot plot indicates that policymakers […]
Economic Activity Surges, Diminishing Likelihood of Fed Rate Reduction
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The S&P Global US Composite PMI jumped to 54.4 in May, a significant increase from 51.3 in April, achieving its highest point since April 2022 and surpassing the anticipated figure of 51.1 based on initial data. The service sector played a pivotal role in this rise, recording a PMI of 54.8 and demonstrating the largest […]
U.S. Stock Market Trades Tentatively Amid Lack of Clear Leadership
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Investors began the week with a cautious approach, turning their attention to the highly anticipated upcoming inflation report, which is believed to possibly indicate the start of cuts to interest rates. The sentiment led to a mixed performance in US stocks; the S&P 500 saw a slight decrease (-0.02%), while the Dow Jones broke its […]
Fed Maintains Interest Rates as Inflation Ticks Up
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The Federal Reserve maintained the target range for the federal funds rate at 5.25%-5.50% during its May meeting for the sixth consecutive time. The decision was driven by ongoing inflationary pressures and a tight labor market, indicating a lack of progress in bringing inflation back down to the 2% target this year. However, Chair Powell […]
Wall Street Tumbles as Bank Earnings Disappoint and Geopolitical Tensions Rise
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On Friday, April 12th, Wall Street experienced a significant decline, with major stock indices recording substantial losses. The S&P 500 had its worst day since January, plunging 1.46%, while the Dow Jones Industrial Average tumbled 475 points (-1.24%), and the Nasdaq Composite Index slid 1.62%. The negative sentiment was heavily influenced by earnings reports from […]
US 4Q23 GDP Revised Higher, Stock Markets Soared in 1Q24
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US stocks closed on a mixed note on the final trading day of the first quarter, right before the Easter holiday. The S&P 500 inched up by 0.1% to set a new record, the Dow Jones Industrial Average increased by 47 points (0.12%), while the Nasdaq Composite dipped by 0.1%. This market activity took place […]