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S&P 500 and Nasdaq Composite Recovery Rally Stalled Ahead of Nvidia Earnings

Aug 27, 2024
Barry Adams
The S&P 500 index and the Nasdaq Composite traded below their record highs as investors awaited Nvidia earnings after the close tomorrow. Artificial intelligence-linked stocks were in focus, and investors are hoping that mega-cap tech companies will continue to spend at elevated levels and deploy their AI infrastructure. 

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The Risk of a Wider War In the Middle East Weigh On Global Stock Markets

Aug 26, 2024
Alexander Garcia
The growing prospect of a wider war in the Middle East kept global stock market indexes in check and lifted crude oil prices. Investors in the U.S. and Europe anticipate rate cuts after policy meetings next month. The stronger yen pressured broader indexes in Tokyo. 

Rate-cut Expectations Support Upward Move In Stocks On Wall Street

Aug 26, 2024
Barry Adams
Stocks on Wall Street advanced, and benchmark indexes approached record highs amid rate-cut optimism. Durable goods orders rebounded from the previous month in July, contrasting the worry of a slowdown in the manufacturing sector. 

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Fed Chair Comments Power Market Advance On Wall Street, Housing Market Data Signal Mixed Outlook

Aug 23, 2024
Barry Adams
Benchmark indexes jumped more than 1% on Wall Street after investors interpreted the latest comments from Fed Chair Powell as saying the central bank is ready to cut rates as early as September. 

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U.S. Major Averages Turned Cautious Ahead of Fed Chair Powell Speech

Aug 22, 2024
Alexander Garcia
U.S. indexes turned lower ahead of Fed Chair Powell's speech on Friday, and Treasury yields edged higher. Private sector business activity growth slowed in August but expanded for the for the 19th consecutive month. Existing home sales rebounded in July after sliding for four months in a row. 

Rate-cut Hopes Reinforced After Fed Minutes Signaled Optimism

Aug 22, 2024
Barry Adams
Stocks struggled to advance as investors reviewed the latest Fed meeting minutes and kept hopes high for a rate-cut cycle to start in September. 

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U.S. Stocks Bounce Around Flatline After Sharp Downward Revision In Job Growth

Aug 21, 2024
Alexander Garcia
Stocks traded sideways after the Labor Department revised lower nonfarm payrolls by 818,000 over the year ending in March 2024, indicating that the U.S. economy added 30% fewer jobs than previously estimated.



U.S. Major Averages On Hold Ahead of Fed Minutes

Aug 21, 2024
Barry Adams
The S&P 500 index and the Nasdaq Composite inched closer to record territory as investors awaited the release of Fed minutes to gain more clues about the prospects of an interest rate cut in September.

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S&P 500 and Nasdaq Turned Lower and Halted 8-day Rally

Aug 20, 2024
Alexander Garcia
U.S. market indexes turned lower after rising for eight consecutive sessions in a row, the longest winning streak in 2024. Gold traded at a new record high amid rising expectations that major central banks in the U.S. and Europe are ready to pursue less-restrictive monetary policy. China held its two key lending rates steady.

Rate-cut Hopes Fueled Optimism Rules Wall Street

Aug 20, 2024
Barry Adams
The S&P 500 index and the Nasdaq Composite index attempted to extend the 8-day rally amid rate-cut optimism. Gold jumped to a new record high as investors speculated major central banks were preparing for less-restrictive monetary policy. 

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U.S. Major Averages Extended Gains Following the Best Weekly Advance Last Week

Aug 19, 2024
Alexander Garcia
Global market indexes rebounded after investor sentiment stabilized. Benchmark indexes on Wall Street approached record highs reached five weeks ago. Crude oil dropped below $75 a barrel, and the euro jumped to an eight-month high. 

U.S. Indexes Look Towards Record Highs with High Hopes for Rate Cut In Four Weeks

Aug 19, 2024
Barry Adams
Market indexes edged slightly higher in cautious trading after advancing in two previous weeks in a row. In this light week of earnings and economic news, investors are looking forward to the release of new and existing home sales data. 

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S&P 500 and Nasdaq Approach Record High After Two Weeks of Recovery Rally

Aug 16, 2024
Barry Adams
Benchmark indexes are set to close higher for the week after the recovery rally gathered momentum for the second consecutive week. Building permits, housing starts, and completions declined from the previous month in July.

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Wall Street Rebound Gathers Momentum, Stoking Global Recovery

Aug 15, 2024
Alexander Garcia
Large and small-cap stock indexes jumped on Wall Street and surpassed the August 2 level before the onset of the global market rout that lasted for days.



U.S. Major Averages Jump 1% Following Retail Sales and Jobless Claims Data

Aug 15, 2024
Barry Adams
Retail sales, not adjusted for inflation, rose at the fastest pace since January 2023. Initial weekly jobless claims eased for the second consecutive week after reaching a near-one-year peak in late July. 

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