On Wednesday, the US stock market displayed a mixed performance as investors grappled with the prospect of the Federal Reserve implementing an earlier-than-expected interest rate cut. Additionally, updated data revealed a faster growth rate in the US economy for the third quarter than previously reported. The Dow Jones Industrial Average...
Rising confidence in the Federal Reserve’s inclination to implement interest rate cuts in the upcoming year shaped market sentiment. Current Status of Stock-Index Futures: On Tuesday, the Dow Jones Industrial Average surged by 84 points (0.24%) to 35417, the S&P 500 advanced by 4 points (0.1%) to 4555, and the...
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Nov 28 (Reuters) – U.S. stock index futures experienced a slight downturn on Tuesday as investors eagerly awaited comments from various Federal Reserve officials regarding the future trajectory of interest rates. Concurrently, Zscaler shares faced a decline due to quarterly billings falling short of expectations. The momentum from Wall Street’s...
Unless there’s an unforeseen upset post-Thanksgiving, it appears the U.S. stock market is gearing up for a strong November rally, with historical patterns suggesting this momentum will likely extend into the year’s end. Driving factors include a expanding economy, improved earnings, a resilient consumer base, easing inflation, and the belief...
The S&P 500 Index has convincingly broken through the 4400 mark and is maintaining its upward momentum. Despite some signs of an overbought market, there haven’t been any confirmed sell signals yet. Having overcome two minor resistance levels, the next target is the 2023 highs around 4610, and the possibility...
