Research
4 October 2023 NEW!
US stock markets closed lower, with the Nasdaq leading the decline by 1.9% to its lowes...
Research
3 October 2023
The Dow Jones Industrial Average slipped down 0.22% on the first trading day of October...
4 October 2023 NEW!
US stock markets closed lower, with the Nasdaq leading the decline by 1.9% to its lowest point since May 31; the S&P500 closed at its lowest level since June 1, and the Dow Jones Industrial Average turned negative wiping out profits accumulated this year, as data showing surprise strength in the labor market, stoked further concerns about higher Federal Reserve interest rates, pushing Treasury yields to a 16- year high.
3 October 2023
The Dow Jones Industrial Average slipped down 0.22% on the first trading day of October, paced by slump in energy and utilities as Treasury yields continued to march higher after the US averted a government shutdown (temporary for 45 days until Nov 17th) after the US Congress passed a last-minute budget bill before last Saturday's deadline.
2 October 2023
The Dow Jones Industrial Average led the way down on the last trading day of September with a 0.5% correction, as fears of a continued Fed rate hike and US government shutdown still haunted market sentiment.
29 September 2023
The Dow Jones Industrial Average jumped 0.4%/116 points on Thursday (28/09/23) as investors bought on weakness in Technology stocks (causing the Nasdaq to lead all three major US indexes with a 0.8% gain), while the rally in US Treasury yields stalled ahead of important Inflation data due this Friday.
27 September 2023
Wall Street's main indexes ended down over 1% on Tuesday (26/09/23), with the Nasdaq leading the decline by 1.57%, as 10-year US Treasury yields continue to remain at its highest level since 2007 (or 16 years); with investors still wrestling with prospects for a long period of high interest rates amid the economic fallout.
