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U.S. Major Averages Inch Further In Record Territory Ahead of Fed Chair Powell Comments

Jul 9, 2024
Barry Adams
U.S. major averages inched higher into record territory for the 35th time this year as rate-cut expectations, earnings optimism, and artificial intelligence-linked spending boosted mega-cap stocks.

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U.S. Indexes Meander Ahead of Inflation Reports, Global Markets Face Headwinds

Jul 8, 2024
Alexander Garcia
U.S. investors look forward to the release of inflation reports this week. European markets may face headwinds after the changing political landscape in France and the U.K. In Asia, Japan struggles with the slow pace of corporate governance reforms, and China battles with a lack of domestic demand growth and a halting policy response. 

U.S. Major Averages Extend Rally from Peak to Peak for Five Consecutive Weeks

Jul 8, 2024
Barry Adams
Stocks advanced at the start of a new week after benchmark indexes gained in the previous five weeks in a row. Investors are looking forward to the release of inflation reports later in the week and recalibrating their rate-cut expectations. 

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U.S. Treasury Yields Turn Lower After Sharp Payroll Growth Revisions

Jul 5, 2024
Barry Adams
U.S. major averages are set to extend weekly gains, and Treasury yields declined after the nonfarm payrolls for April and May were sharply revised down. 

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Rate Cut Hopes Boost S&P 500 and Nasdaq to New Record Highs

Jul 3, 2024
Alexander Garcia
The S&P 500 index and the Nasdaq Composite advanced to new record highs after a batch of softer economic data strengthened the case of interest rate cuts later in the year. European bond yields advanced ahead of the UK parliamentary elections on Thursday. Market indexes in Japan and Hong Kong extended the recent rally.

S&P 500 and Nasdaq Hold Near Record Highs, Private Payrolls Growth Slowed In June

Jul 3, 2024
Barry Adams
Private sector payrolls in June expanded at a slower-than-expected pace, and initial jobless claims rose more than estimated in the previous week. The U.S. goods and service trade deficit in May widened after exports decreased more than imports. 

S&P 500 and Nasdaq Scale New Highs After Powell Comments

Jul 2, 2024
Alexander Garcia
U.S. major averages rose to new highs, and Treasury yields eased a fraction after Fed Chairman Powell cited progress on inflation but reiterated that the central bank is not ready to lower interest rates. 



Indexes On Wall Street Rest, Job Openings Stay Near 3-year Low In May

Jul 2, 2024
Barry Adams
Benchmark indexes on Wall Street lacked direction as investors stayed on the sidelines in the absence of domestic catalysts. Job openings edged slightly higher in May, but hovered near the three-year low reached in April.

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S&P 500 and Nasdaq Extend First Half Returns as Artificial Intelligence-Linked Stocks Dominate

Jun 28, 2024
Barry Adams
The artificial intelligence craze drove the S&P 500 index and the Nasdaq Composite higher in the second quarter and extended gains in the first half.

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S&P 500 Index Holds Steady Ahead of Key Inflation Update, Global Markets Turn Lower

Jun 27, 2024
Alexander Garcia
On Friday, investors are anticipating the release of the alternative measure of inflation. European markets braced for parliamentary elections in the UK and France next week. Asian currency markets fear another round of competitive devaluation as Japan lets the yen sink.

S&P 500 and Nasdaq Struggled to Advance After Mixed Quarterly Earnings and Economic Updates

Jun 27, 2024
Barry Adams
Stocks were in a holding pattern after investors reviewed mixed quarterly earnings and economic updates. New durable goods orders rose unexpectedly in May, and GDP growth in the first quarter was revised higher in the third estimate.

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U.S. and Global Markets Lack Momentum and the Yen Sinks Further In Search of a Bottom

Jun 26, 2024
Alexander Garcia
Market indexes in New York, Europe, and China lacked momentum, and the Japanese yen searched for a lower bottom amid a lack of support from the Bank of Japan. 

U.S. Major Averages Lacked Direction On Wall Street Ahead of Inflation Update

Jun 26, 2024
Barry Adams
Tech stocks attempted to rebound for the second day in a row, and investors looked ahead to the release of the PCE price inflation update. Single-family new home sales in May declined in double-digits to a six-month low.

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Tech Rebound Lifts Broader Market Indexes On Wall Street

Jun 25, 2024
Alexander Garcia
U.S. major averages rebounded, Treasury yields held steady, and crude oil prices fell. European markets closed down amid election jitters in the UK and France. The Japanese yen's weakness signals lower lows for the embattled currency. The Chinese premier reiterated the annual economic growth target and dismissed economic decoupling risks. 



U.S. Major Averages Rebounded Amid High Tech Stock Valuation Worries

Jun 25, 2024
Barry Adams
Investors rotated out of high-prices mega-cap tech stocks into financial services and energy sectors amid valuation worries following the recent run-up.

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