Today’s Analysis

    15 August 2023
    US Stocks Rebound as Tech and Chip Sectors Drive Gains, Amidst Mixed Market Trends

    On Monday, US stocks rebounded with the S&P 500 and Nasdaq Composite both gaining ground. The broader market index rose 0.58%, closing at 4,489.72, while the Nasdaq surged by 1.05% to end at 13,788.33. In contrast, the Dow Jones Industrial …

    11 August 2023
    Dow Edges Higher on Disney Rally and Moderate Inflation Data

    The Dow Jones Industrial Average saw a modest increase on Thursday, propelled by a surge in Disney’s stock following their post-earnings announcement of a price hike for ad-free Disney+ subscriptions. The market was also buoyed by a key inflation report …

    10 August 2023
    Stocks Decline Ahead of Inflation Data and Earnings Reports

    On Wednesday, the stock market witnessed a downward shift as investors braced themselves for upcoming inflation data and evaluated a series of diverse earnings reports. The Dow Jones Industrial Average concluded the trading session with a loss of 0.54%, shedding …

    9 August 2023
    Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil

    Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or …

    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 …

    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 …

    2 August 2023
    Starting August Market: Mixed Earnings Impact S&P 500

    Starting in August, the S&P 500 experienced a 0.27% decline, with the Nasdaq Composite also dropping by 0.43%, while the Dow Jones Industrial Average gained 0.2%. Several companies reported mixed results, leading to varied stock movements. Pharmaceutical giant Merck pulled …

    1 August 2023
    Stocks Modestly Rise as Earnings Season Nears End with Positive July Performance

    Stocks on Wall Street experienced a modest rise on Monday, kickstarting a busy earnings week and concluding a winning month. The Dow Jones Industrial Average climbed 0.28% to close at 35,559.53, while the S&P 500 and Nasdaq Composite registered slight …

    28 July 2023
    Dow Jones Ends Historic Winning Streak Amid Economic Data and Rate Hike Uncertainty

    The Dow Jones Industrial Average’s extraordinary winning streak of 13 consecutive gains came to a halt as investors opted to take profits, leading to a 0.67% decline, with the index closing at 35,282.72 points. The historic run, dating back to …

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