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S&P 500 and Nasdaq On Track to Extend Losses and Trim May Gains

May 31, 2024
Barry Adams
The S&P 500 index and the Nasdaq Composite are set to close the week down but register gains in May, reflecting a strong monthly advance in Nvidia. The watered-down measure of inflation showed prices are still rising at a rate faster than the Fed's target rate of 2%. 

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Heightened Market Volatility Across Atlantic Ahead of PCE Index and Eurozone Inflation Updates

May 30, 2024
Alexander Garcia
U.S. stocks and bonds traded volatile amid a heightened level of market anxiety ahead of the inflation update on Friday. Global investors are also looking forward to the release of the eurozone inflation report and China's manufacturing sector update on the last trading day of May. 

U.S, GDP Growth Revised Lower, Retailers Report Mixed Quarterly Results

May 30, 2024
Barry Adams
The U.S. GDP growth in the first quarter was lowered to an annual pace of 1.3% from 1.6% due to the downward revision in consumption growth. Initial jobless claims for the last week rose slightly from the previous week.

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Stocks On Wall Street Struggle Amid Lack of Catalysts, Global Markets Swing Lower

May 29, 2024
Alexander Garcia
Market averages on Wall Street edged lower, and the yield on Treasury notes inched higher, setting off a global bond market selloff. ConocoPhillips agreed to acquire Marathon Oil. BHP abandoned its takeover plan to acquire Anglo American.

U.S. Stocks Turn Lower as Treasury Yields Inch Higher

May 29, 2024
Barry Adams
Weaker-than-expected U.S. Treasury notes weighed heavily on the market sentiment, and the 10-year yield reached a critical 4.5% level. 

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Momentum In Nvidia Powers Nasdaq's Rise Above 17,000

May 28, 2024
Alexander Garcia
The tech-heavy Nasdaq Composite traded at a new intraday record high after Nvidia jumped 5%. European markets lacked direction as investors anticipated an interest rate cut next week. The Shanghai authorities announced measures to support residential property market transactions. The yen remains under pressure. 

U.S. Stocks Opened Mixed After Another Round of Hawkish Messages from Fed policymakers

May 28, 2024
Barry Adams
Semiconductor stocks led the market advance as investors looked forward to the release of inflation data on Friday amid ongoing interest rate jitters and worry of a pullback in consumer spending.

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U.S. Major Averages Halt 4-week Rally, Durable Goods Orders Unexpectedly Advance In April

May 24, 2024
Barry Adams
U.S. major averages closed mixed after advancing in four consecutive weeks. Durable goods orders rose for the third month in a row, and non-defense capital goods orders, excluding aircraft, rebounded in April. 

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Nvidia Sparked Tech Rally Failed to Expand to Broader Market

May 23, 2024
Alexander Garcia
The U.S. market rally failed to broaden beyond tech stocks after Nvidia delivered knockout results, raised its current quarter sales outlook, and announced a stock split. European markets traded in a tight range, and private sector activities accelerated. China indexes declined for the second day in a row. 

Nvidia's Strong Earnings Pushes S&P 500 and Nasdaq Into Record Territory

May 23, 2024
Barry Adams
Market indexes on Wall Street advanced after Nvidia's quarterly results exceeded expectations. Initial jobless claims edged lower from a 9-month high. 

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U.S. Stocks In Holding Pattern, Global Markets Turn Lower

May 22, 2024
Alexander Garcia
Nvidia is expected to report revenue growth of fourfold and earnings surges of fivefold in its April quarter as cloud data centers drive robust demand for its chips. 

Wall Street Indexes Trade Sideways, Target Drops 9% On Earnings Weakness

May 22, 2024
Barry Adams
The latest batch of quarterly earnings highlighted diverging consumer trends, with sales of luxury homes still advancing while consumers restricted discretionary item purchases. 

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World Markets In Holding Pattern Ahead of Nvidia Earnings

May 21, 2024
Alexander Garcia
U.S. benchmark indexes traded sideways as investors digested another batch of mixed earnings. European market indexes hovered near the flatline amid rate jitters. Li Auto reported a sharp decline in its quarterly earnings, dragging EV makers lower. 

U.S. Averages Hovered Near Record Highs; Retailers and Tech Stocks In Focus

May 21, 2024
Barry Adams
Retailers were in focus after the latest batch of mixed earnings confirmed consumers are still spending but limiting purchases to basic necessities. 

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Earnings and Optimism About AI Demand and Rate Cuts Drives Wall Street Indexes to New Highs

May 20, 2024
Alexander Garcia
U.S. major averages advanced to new record highs after positive sentiment prevailed on Wall Street, supported by quarterly corporate results, rate-cut expectations, and artificial intelligence applications-driven information infrastructure demand.