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S&P 500 and Nasdaq Pause Ahead of Friday's Nonfarm Payrolls Report

Jun 6, 2024
Barry Adams
The U.S. goods and service trade gap widened in April after imports rose faster than exports. Weekly jobless claims edged slightly higher. Investors are looking forward to the release of nonfarm payroll data on Friday.

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Service Sector Strength and Rally In Nvidia Lift S&P 500 and Nasdaq to New Record Highs

Jun 5, 2024
Alexander Garcia
U.S. major averages inched higher into record territory, powered by another day of surges in semiconductor stocks led by Nvidia. European indexes advanced ahead of rate decisions on Thursday. India indexes rebounded a day after their worst selloff in four years.

Rate Cut Hopes Support Market Advance, Private Payrolls Growth Slows in May

Jun 5, 2024
Barry Adams
Two private economic reports stoked speculation that Federal Reserve policymakers may have room to lower interest rates later in the year. Private sector payroll expanded at a slower pace in May, and service sector growth accelerated to a nine-month high in May. 

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Rate Path and Economic Growth Worries Kept Indexes In Check Across Atlantic, India Indexes Plunged 6%

Jun 4, 2024
Alexander Garcia
Major stock averages across the Atlantic struggled to advance ahead of the U.S. nonfarm payroll report and the ECB's monetary policy decision later in the week. The Sensex in India plunged 6% after the ruling coalition is likely to return to power with a slim majority.

U.S. Major Averages Edged Lower On Economic Growth Fears, Job Openings Changed Little

Jun 4, 2024
Barry Adams
Stocks struggled to get their footing as investors debated the future path of interest rates and the Fed's timing of possible rate cuts. Job openings, hires, and separations changed little in April.

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U.S. Indexes Struggled to Advance and Treasury Yields Turned Lower

Jun 3, 2024
Alexander Garcia
U.S. major averages turned lower after manufacturing sector activities contracted for the second month in a row, raising questions about the strength of the economy. European markets advanced on the rate-cut expectation this Thursday. China's manufacturing activity growth accelerated to a 2-year high. 

S&P 500 and Nasdaq Advance On Merger Monday, Waste Management to Acquire Stericycle

Jun 3, 2024
Barry Adams
Paramount Global and Skydance are reportedly nearing an agreement on merger terms. MarineMax is in advanced talks to be acquired by OneWater Marine. Waste Management agreed to be acquired by Stericycle for $7.2 billion.

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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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