Index and stock market conditions, oil, gold, and foreign currency markets as of 19 Sep. 2023 — The Dow Jones New York Stock Exchange Index closed negative on Tuesday (Sept. 19) as investors sold stocks to reduce risk. Before knowing the results of the Federal Reserve’s (Fed) monetary policy meeting on Wednesday (September 20) US … Read more
Jerome Powell talk On Friday, Powell is scheduled to speak at the Economic Policy Symposium at the Federal Reserve Bank of Kansas City. Investors will be looking to the highly anticipated speech for clues about the outlook for interest rates, which the Fed raised last month to a range of 5.25% to 5.5%, the highest … Read more
Jackson Hole style Speeches by Fed chiefs at the Jackson Hole conference have usually boosted equities since the turn of the millennium, with the S&P 500 rising an average of 0.4% in the following week, according to data compiled by Bloomberg Intelligence. However, the scene of last year is still fresh in the minds of … Read more
The value of the Saudi Public Investment Fund’s investment portfolio in the US stock market increased by 9.6% by the end of the second quarter of this year, to reach $38.9 billion. According to the data of “13F” (13F), the Saudi sovereign fund exited from “Babylon Holdings” company, while its stake in the “Lucid” company … Read more
Wednesday was mainly characterized by optimism on Wall Street in anticipation of quarterly figures from major companies such as Tesla and Netflix. The figures were presented after the stock exchange’s closing time. During yesterday, the Dow Jones rose 0.3 percent, the S&P 500 gained 0.2 percent, while the Nasdaq ended unchanged. “The results season has … Read more
Huge power Investment funds bought stocks last month for the first time since February, fear of missing out on the opportunity outweighing the impact of economic worries, according to Barclays strategists. These strategists, led by Emmanuel Coe, wrote: “Fear of missing out saw frustrated pessimists turn to cautious optimism. It is notable that stock buying … Read more
A minute after trading took off on the New York stock exchange, the Nasdaq index has risen 0.5 percent and stands at 13,322.87 points, while the Dow Jones rises 0.2 percent to 33,958.56 points. The S&P 500 rose 0.3 percent to 4,310.10 points. The ten-year US government bond yield is at 3.73 per cent, while … Read more
Another wave of rally in tech giants has pushed the S&P 500 up this year to nearly 10% ahead of Friday’s jobs report, amid betting that the Federal Reserve will halt interest rate hikes in June. After a moment of catching a glimpse into the tech giants’ runaway rally, fueled by an AI mania, this … Read more
US stocks rose on Thursday after the rise in shares of companies linked to the artificial intelligence craze outweighed the impact of other market concerns, including the possibility of the country defaulting on its debt. The “Standard & Poor’s 500” index advanced by 0.9%, while the “Nasdaq 100” index, which gives a higher relative weight … Read more
The debt ceiling is another hurdle “There is little conviction on either side as the market continues to digest earnings reports, a slew of economic data, and finger pointing in Washington regarding debt ceiling discussions. For Chris Larkin of Morgan Stanley’s E*Trade, it’s fair to ask whether the drop in stock volatility indicates the market … Read more