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    Market Analysis

    19 May 2023
    Stock Market Soars on Debt Ceiling Optimism and Strong Earnings: S&P 500 and Nasdaq Reach Yearly Highs

    On Thursday, the S&P 500 and Nasdaq Composite surged to their highest closing levels since August 2022, driven by ongoing debt ceiling negotiations. The S&P 500 rose by 0.94% to reach 4,198.05, while the Dow Jones Industrial Average ended the …

    18 May 2023
    Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
    18 May 2023
    Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default

    Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 …

    17 May 2023
    Stocks Slide as Home Depot Disappoints and Debt Ceiling Talks Intensify

    Stocks experienced a decline on Tuesday, influenced by Home Depot’s underwhelming forecast. The financial market also focused on a crucial meeting between President Joe Biden and congressional leaders regarding the U.S. debt ceiling. The Dow Jones Industrial Average closed below …

    16 May 2023
    Debt Ceiling Negotiations and Economic Data Influence Stock Market, Retail Reports Awaited

    The S&P 500 experienced a slight increase at the beginning of the week as traders analyzed ongoing negotiations regarding the debt ceiling. The broader index rose by 0.3% to reach 4,136.28 points. Meanwhile, the Dow Jones Industrial Average ended its …

    15 May 2023
    Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change

    The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing …

    12 May 2023
    US Stock Futures Stable as Elon Musk Steps Down as Twitter CEO; Dow Jones Faces Fourth Consecutive Loss

    US stock futures remained relatively stable on Thursday night, with the Dow Jones Industrial Average futures up 0.08%, while the S&P 500 and Nasdaq 100 futures increased by 0.12%. Elon Musk announced he would be stepping down as the CEO …

    11 May 2023
    Nasdaq Rises on Tame Inflation Report, Treasury Yields Fall

    The Nasdaq Composite closed higher as investors turned to tech stocks following a relatively modest inflation report. The tech-heavy index gained 1.04% to reach a closing value of 12,306.44, while the S&P 500 added 0.45% to close at 4,137.64. In …

    10 May 2023
    Stocks Slip as Investors Await Inflation Data and Debt Limit Progress

    Stocks closed lower on Tuesday as investors prepared for upcoming inflation reports and monitored progress on the U.S. debt limit. The S&P 500 and the Nasdaq Composite experienced declines of 0.46% and 0.6% respectively, while the Dow Jones Industrial Average …

    9 May 2023
    Mixed Market Reaction as Investors Await Key Inflation Data and Banking Sector Stability

    The S&P 500 closed near the flat line on Monday, with investors anticipating crucial inflation readings, including the consumer price index report for April. Despite minor fluctuations, the broad market index ended the session at 4,138.12, reflecting a marginal gain …