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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    8 August 2023
    Dow Jones Surges on Upbeat Earnings and Inflation Outlook

    The Dow Jones Industrial Average commenced the week with a robust surge of 1.16%, gaining 407.51 points to conclude at 35,473.13, marking its most substantial upswing since June 15. Buoyed by a nearly 4% rally from Amgen, the blue-chip index …

    7 August 2023
    Week Ahead: All Eyes on US Consumer Price Index and Producer Price Index

    Several key market events are expected to influence the financial markets this week. Specifically, the highly awaited US Consumer Price Index and Producer Price Index will be released. In light of these crucial announcements, we advise traders to approach their …

    4 August 2023
    S&P 500 Faces Third Consecutive Day of Declines Amidst Rising Bond Yields

    The S&P 500 continued its decline for a third day in a row, grappling with the impact of rising bond yields and mixed corporate earnings results. The index fell 0.25%, closing at 4,501.89, while the Dow Jones Industrial Average also …

    3 August 2023
    Fitch Downgrades U.S. Rating Sparks Tech Stocks Selloff

    A selloff gripped the stock market on Wednesday as the Nasdaq Composite suffered its worst day since February. The downturn was triggered by Fitch Ratings’ decision to downgrade the long-term rating for the U.S. from AAA to AA+, citing concerns …

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