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Global Markets Lacked Direction Amid Rate Path Uncertainties In U.S., Europe, and Japan

Sep 2, 2024
Alexander Garcia
Global markets struggled to advance following a surge in August as investors looked forward to monetary policy decisions from the central banks of the U.S., Europe, and Japan this month. 

After Volatile August, S&P 500 Index Extends Rally to Fourth Consecutive Month

Aug 30, 2024
Barry Adams
The S&P 500 index is set to extend gains for the fourth month in a row as investor sentiment continues to improve in the hopes of a rate-cut cycle to begin as early as September.

4-Week Long Recovery Rally Picks Up Pace In New York After Positive Earnings

Aug 29, 2024
Alexander Garcia
Market indexes on Wall Street rebounded after a string of positive earnings. U.S. GDP growth in the second quarter was higher than previously estimated. The goods trade deficit expanded to the widest in over two years. The CPI inflation in Germany and Spain eased. Passenger car sales advanced in the European Union. 

Stocks Rebound On Wall Street, Nvidia Posts Strong Quarterly Results

Aug 29, 2024
Barry Adams
American Eagle, Best Buy, and Dollar General reported quarterly results that highlighted a challenging environment for retailers as stretched consumers avoid discretionary items. Nvidia reported another stellar quarterly result.

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Global Tech Rally On Hold as Investors Anticipate Another Stellar Quarter from Nvidia

Aug 28, 2024
Alexander Garcia
The tech rally on Wall Street was on hold as investors awaited the release of earnings results from Nvidia. Crude oil prices fell below $75 a barrel because of a weaker, weaker global demand outlook and economic uncertainty. The euro traded near its 13-month high ahead of the inflation report. 

Wall Street Indexes Trade Around Flatline and Treasury Yields Retain Downward Bias

Aug 28, 2024
Barry Adams
Benchmark indexes on Wall Street traded sideways, the dollar hovered near its two-month low, and the yield on Treasury notes stayed below 4%.

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U.S. and Global Markets Trade Sideways as Investors Anticipate Another Stellar Results from Nvidia

Aug 27, 2024
Alexander Garcia
U.S. major averages lacked direction, and investors awaited the release of Nvidia's earnings. Global market indexes traded sideways, crude oil prices weakened, and the euro eased ahead of the release of the inflation report later in the week. Japanese stocks gyrated amid rate path uncertainties, and China markets continued to drift lower. 



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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