Thursday saw Wall Street stocks struggling to gain ground, as they grappled with the prevailing market pessimism despite a pause in the oil rally. Investors were eagerly awaiting an update on the state of the US economic growth. Futures linked to the S&P 500 (^GSPC) and the Dow Jones Industrial...
Many investors are eagerly seeking signs of the stock market downtrend nearing its end, despite the S&P 500 only witnessing a 5.5% decrease since reaching its highest point in late July. Considering this, Victor Cossel from Seaport Research Partners has presented a few technical charts that could offer some understanding...
Wall Street Witnesses Earnings Forecast Downturn as S&P 500 Declines by 4% in September As apprehension grows among stock market investors due to the surge in Treasury yields and its impact on equities, the downward revisions in S&P 500 earnings forecasts are further fueling concerns. Nicholas Colas, co-founder of DataTrek...
Monday morning witnessed a shift in U.S. stock futures‘ fortunes as they relinquished their early gains. Here’s a concise breakdown of the events: To recap Friday’s performance, the Dow Jones Industrial Average (DJIA) recorded a loss of 107 points, equating to a 0.31% decline, landing at 33,964. The S&P 500...
The U.S. Dollar Extends Its Winning Streak for the 10th Week in a Row, the Longest Since 2014 In a significant development, the U.S. dollar has achieved its first “golden cross” since July 2021, raising the possibility of further upward momentum and potential challenges for the stock market. As we...
U.S. stock index futures showed mainly positive movements on Friday, which was a change from their previous trend following the Federal Reserve’s recent announcement about a higher interest-rate forecast for the next year, made on Wednesday. What’s happening In English, the paragraph can be paraphrased as follows: Last Thursday, the...
