S&P 500 INDEX
US stocks flat at open ahead of Nvidia results
Wall Street's main indexes were flat at the open on Wednesday ahead of Nvidia's earnings report, with focus squarely on whether the recent bull market rally led by the AI chip firm and other tech-related shares can be sustained.
Dow hovers around its record high
Stock indexes on Wall Street showed mixed results a day after the Dow Jones Industrial Average hit an all-time high. The S&P 500 rose 0.2% in afternoon trading, while the Dow dropped 19 points. Semiconductor company Nvidia gained ground, and Treasury yields held steady in the bond market.
Wall Street ends up as investors focus on Nvidia results
The S&P 500 ended higher driven by anticipation of Nvidia's quarterly report. Nvidia's shares rose 1.5%, being the most-traded company, while heavyweight tech stocks were mixed. Meanwhile, economic data showed increased consumer confidence, influencing investor expectations for future interest rate cuts. Paramount Global and Tesla shares declined amid specific company news.
Asian stocks cautious as markets await Nvidia: Markets wrap
Asian stocks dipped as traders await Nvidia’s earnings to gauge the AI market's strength. With Japan and Australia's markets seeing declines and Nvidia accounting for over 6% of S&P 500's market cap, all eyes are on the giant chipmaker. Recent US consumer confidence data highlighted mixed economic sentiment.
US stocks open lower on caution ahead of Nvidia results, economic data
Wall Street's main indexes opened lower on Tuesday as caution prevailed ahead of highly anticipated results from Nvidia and crucial economic data expected later in the week.
S&P 500 ends lower, weighed down by Nvidia dip
The S&P 500 declined on Monday, driven by Nvidia's 2.25% fall ahead of its quarterly report. The Nasdaq also fell, while gains in Caterpillar and American Express helped the Dow Jones finish slightly up. Investors awaited key inflation data, and Tesla shares dropped due to new Canadian tariffs on Chinese electric vehicles.
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Dow hits record high on increased September rate cut bets, Nvidia results on tap
The S&P 500 and the Dow opened higher on Monday, with markets focused on results from AI-darling Nvidia and a key inflation report due later in the week, while geopolitical tensions in the Middle East made investors wary.
S&P 500 nears record high as Powell signals imminent rate cut at Jackson Hole
Wall Street's key indexes surged following remarks from Federal Reserve Chair Jerome Powell about lowering interest rates. The S&P 500, close to a record high, saw gains led by tech and chip stocks. Powell's comments suggest possible policy easing, aligning with traders' expectations for a rate cut in the next Fed meeting.
US stocks open higher as prospects of September rate cut grow
The Dow Jones Industrial Average rose 41.7 points, or 0.10%, at the open to 40,932.23.
S&P 500, Nasdaq edge up after payrolls revisions; Fed minutes in focus
The S&P 500 and Nasdaq edged up after a revision in U.S. payrolls data. Investors awaited minutes from the Federal Reserve's meeting amid speculations of a rate cut. Financial markets had a mixed response, with gains for consumer staples and declines for certain tech and retail stocks, including Macy's and Chinese e-commerce.
US stocks slip at open with Fed in focus
The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52
Wall St ends higher, extending rally ahead of Jackson Hole
U.S. stocks advanced on Monday, extended by gains in the tech-heavy Nasdaq. Investors looked ahead to the Democratic National Convention and the Jackson Hole Economic Symposium. Expectations grew for a Federal Reserve rate cut in September, boosting market confidence. Nvidia and Microsoft shares contributed significantly to the positive momentum.
Asian stocks climb on bullish Wall Street cue: Markets wrap
Asian stocks climbed following an optimistic Wall Street session, driven by hopes that the Federal Reserve may soon hint at interest rate cuts. Gains were noted in Japan, South Korea, and Australia. Key updates from China and the Reserve Bank of Australia are awaited, along with the yen's performance ahead of the Bank of Japan's statement.
US stocks extend winning streak ahead of Jackson Hole meet
The S&P 500 and Nasdaq climbed for the eighth day in a row as recession fears faded. Major indexes recorded their best week of the year following encouraging jobless claims and retail sales. Market focus shifts to Federal Reserve Chair Jerome Powell's speech at Jackson Hole for hints on possible rate cuts.
Limited exposure to Wall Street megacaps insulated us from drawdown: Arindam Mandal of Marcellus
Marcellus' Global Compounders fund, managed by Arindam Mandal, has outperformed the S&P 500 by limiting exposure to megacap stocks. This strategy shielded the fund from recent market volatility.
Wall Street whiplash schools traders on fragile modern markets
Wall Street’s rapid descent into volatility has been matched by an equally swift recovery. The S&P 500 saw its largest weekly gain since November, junk bonds made a week of gains, and Treasury yields stabilized. Illustrating this dramatic turnaround, the VIX Index, a key measure of market fear, experienced both the quickest surge of 25 points or more and the fastest recovery from that peak, according to UBS Group AG.
Wall Street Week Ahead: 'Soft landing' hopes are back to lift US stocks after recession scare
The S&P 500 saw a rebound of over 6% as positive economic data allayed fears of a recession. Retail sales, inflation, and producer prices reports contributed to this recovery. Investors are now less apprehensive about substantial Federal Reserve rate cuts in September. Attention shifts to Powell's next week speech for further outlook.
US stocks slip as S&P 500, Nasdaq end six-day winning streaks on weak housing data
Wall Street's main indexes declined at open on Friday, ending six-day winning streaks for S&P 500 and Nasdaq amid weak housing data. Most S&P 500 sectors traded lower, notably energy. Trading volume was low due to summer breaks.
S&P 500 ends up, but near flat for week after Monday's steep selloff
The S&P 500 closed higher on Friday, recovering from a recession-fueled slump. Gains were driven by the technology sector. Investors now focus on upcoming economic data and the Federal Reserve meeting in September, where rate cuts are anticipated.
Nasdaq, S&P 500 end 2% higher in rally after US jobless data
U.S. stocks saw notable gains on Thursday, driven by a better-than-expected decrease in jobless claims, easing labor market concerns. The Nasdaq and S&P 500 each rose over 2%. Eli Lilly's stock surged due to an improved profit forecast. Small-cap stocks also rallied. Analysts indicate recession worries may be overstated.
Why are foreign investors not totally convinced on India? Mark Mobius explains
Mark Mobius highlighted that domestic investors lead the Indian market, despite challenges for foreign investments due to bureaucracy and tax issues. He expressed confidence in India's potential, particularly in large-cap stocks and hardware sectors. He also advised investing in companies with strong balance sheets and keeping cash reserves for market corrections.
Traders brace for more volatility after jobless claims
Traders are bracing for continued market volatility, with significant attention on Thursday's report regarding US jobless claims. The options market suggests a 1.2% move in the S&P 500 Index. Recent unemployment figures have raised concerns, and the jobless claims data will be key in understanding labor market trends and potential market impacts.
Nasdaq, S&P jump 1% at open as tech stocks rally
Wall Street's main indexes started higher on Wednesday as technology stocks rallied. This gain followed Japan's top policymaker soothing investor concerns over interest rates, which had triggered global market volatility after a surprise rate hike last week.
S&P 500, Nasdaq end with strong gains, rebounding from global market sell-off
The S&P 500 and Nasdaq rose by 1% as investors returned following a major sell-off. Strong comments from Federal Reserve officials alleviated recession concerns. Traders expect rate cuts in the next Fed meeting. Nvidia boosted indices, while Uber and Caterpillar reported positive earnings. The Nasdaq is up 9% in 2024.
Japanese stocks tumble, selloff in tech extends: Markets wrap
Japanese stocks dropped for a second day amid growing expectations of further rate hikes by the central bank. Asian equities also declined, following Wall Street's losses due to weakening US economic data. The broad Topix index in Japan dropped more than 4%, while tech stocks like AI chipmaker SK Hynix fell sharply.
Asian stocks advance after Wall Street’s rebound: Markets wrap
Stocks in Asia rebound as investors shift focus to tech earnings season post Biden's campaign exit. Market sees volatility decrease, while big tech faces challenges. Positive outlook for US equities despite recent pullbacks. Oil stabilizes near five-week low due to CTA losses. Await Fed's inflation data and BOJ policy meeting.
S&P 500’s next leg up hinges on battered stocks getting revenge
Excluding Big Tech, stocks rally on rate cut hopes. The equal-weighted S&P 500 recently outpaced. Optimism grows as Nasdaq 100 declines. Todd Sohn sees neglected stocks surging as Nvidia to Microsoft pauses. Investors note rising trends despite Wall Street's top-heavy S&P concerns, recording gains earlier this year, despite the worst weeks since April amid faith in Fed easing.
Asian stocks slip, while Australian index tracks Wall St rally to hit record
The Federal Reserve's potential rate cut influenced global markets. Yen support affected Tokyo's Nikkei; Australia's S&P/ASX reached a record high. Taiwan Semiconductor fell. Trump's assassination attempt caused volatility. The S&P 500 and Dow Jones rose. Oil prices remained stable. The 10-year Treasury yield dropped amid strong retail sales. September rate cut probability and short-term bond yields are notable.
Haven rush ‘Trump trades’ back on investor minds
Post-assassination attempt on Trump, investors lean towards safe haven assets like the dollar, yen, franc, gold, and Bitcoin. Expect high volatility in S&P 500 futures and US Treasuries. Trump's fiscal policies and increased tariffs may boost the dollar. PredictIt data and Biden's debate performance significantly influence market confidence.
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