About: anakin
Recent Posts by anakin
US Stocks Slide on Persistent Inflation Concerns and Hawkish Fed Tone
US stocks declined lower on Wednesday, witnessing some selling pressure, and dropped for a second straight session after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. Data released in the US showed ISM Manufacturing PMI increases to 47.7 in February, which came in below the market expectation of 48.Continue Reading
Written on March 2, 2023 at 2:55 am
Categories: Today's Analysis
Rising Rates Push Stocks Down in February
The Dow fell Tuesday, wrapping up February with a monthly loss as surging rates battered stocks after a string of data pointing to underlying strength in the economy forced investors to price in higher for longer Federal Reserve interest rates. The Dow Jones Industrial Average fell 0.65%, or 214 points, taking losses for February toContinue Reading
Written on March 1, 2023 at 2:47 am
Categories: Today's Analysis
Investors looking at another big week in retail earnings
Stocks rose Monday as traders tried to recover some ground following the worst week of the year on Wall Street. Investors also looked ahead to another big week in retail earnings. The Dow closed higher Monday, as dip buying in beaten-down growth stocks helped the broader market recover following its worst week of the year.Continue Reading
Written on February 28, 2023 at 6:24 am
Categories: Today's Analysis
March Futures Rollover Announcement – February 27, 2023
Dear Client, The new futures rollover dates are listed in the table below. Please note: • The rollover will be done automatically. All existing positions will remain open. • Positions that are open on the expiration date will be adjusted via a rollover charge or credit to reflect the price difference between the expiring andContinue Reading
Written on February 27, 2023 at 9:15 am
Categories: Notifications
US stocks are moving lower on Friday
US stocks suffered from daily losses last Friday, witnessing heavy selling pressure, and extended their weekly rout following data that showed the core PCE rose at the highest rate in six months. The annual Core PCE Price Index, which is also the Federal Reserve’s preferred gauge of inflation, edged higher to 4.7% and came inContinue Reading
Written on February 27, 2023 at 2:19 am
Categories: Today's Analysis
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