At the close of trading on Friday, the S&P 500 index entered correction territory, marking the 103rd instance in its history. The S&P 500, a measure of U.S. large-cap equities, experienced a decline of 19.8 points, a 0.5% drop, reaching around 4,117 according to preliminary FactSet data. This decline reflects...
On Friday, U.S. stock index futures suggest a favorable start after a difficult week. This is primarily credited to the impressive showing by Amazon.com, a prominent tech firm, as well as the unveiling of fresh information regarding spending patterns and inflation. What’s happening On Thursday, the Dow Jones Industrial Average...
On Thursday, Nasdaq futures took a downward turn, indicating the possibility of entering a correction phase. This decline was fueled by disappointing earnings reports from major Big Tech companies and the simultaneous rise in bond yields, which continued to exert pressure on the stock market. Contracts linked to the Nasdaq...
Before hastily selling stocks that have shown poor performance over the year, consider this: they often experience a significant resurgence in January. This occurrence is a result of two distinct sources of artificial selling pressure unrelated to a company’s fundamentals or earnings potential. The impact of these pressures diminishes by...
With the opening of U.S. stock markets just two hours away, Logitech International S.A. (LOGI) made an impressive pre-market jump, surging by 9.4%. Simultaneously, RTX Corp. (RTX) followed suit with an 8.6% pre-market gain. The morning also saw strong performances from Medpace Holdings Inc. (MEDP), Coinbase Global Inc. (COIN), and...
The recent surge in U.S. government bond yields, pushing the 10-year Treasury rate to nearly 5%, a level not witnessed in 16 years, has created a challenging environment for investors in the stock market. The 10-year Treasury yield, represented by BX:TMUBMUSD10Y, reached its highest point since 2007, nearly touching the...
