An assault on a U.S. warship and commercial vessels in the Red Sea is sparking concerns among investors regarding a potential escalation in the Israel-Hamas conflict. This development adds complexity to the recently optimistic outlook for the U.S. stock rally, which achieved a new closing high for the year just...
During November, there was a substantial rise in the Dow and S&P 500 of around 9%, while the Nasdaq saw an impressive surge of 10.7%. This increase can be partly credited to the notable decline in bond yields observed in recent weeks. Nevertheless, the 10-year Treasury yield saw a notable...
The stock market on Wall Street witnessed a remarkable resurgence towards the conclusion of the day, leading to a notable uptick in November. This sudden increase was motivated by the perception that the Federal Reserve would halt its aggressive approach to raising interest rates. The S&P 500 has seen a...
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...
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...
