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US Stocks See Modest Gains, Energy Outperforms, Bond Carnage Deepens: What's Driving Markets Monday?
Monday, September 25, 2023 - 1:04pm | 1311In midday trading on Monday, U.S. stocks attempted a rebound following sharp losses experienced Friday. The bond market continued its downward spiral, with Treasury yields soaring to levels not seen in over a decade across maturities ranging from 10 to 30 years. The energy sector continued to...
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Stocks Rally Ahead Of Nvidia's Earnings; Treasury Yields Plunge On Soft Data: What's Driving Markets Wednesday?
Wednesday, August 23, 2023 - 1:52pm | 1461Stocks were rallying during midday trading, driven by the tech sector’s advances as investors eagerly await the quarterly earnings report from Nvidia Corp. (NASDAQ:NVDA), scheduled to be unveiled after the market close. A backdrop of lower-than-anticipated Purchasing Managers’ Index (...
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US Stocks Take A Breather, Nasdaq Notches Fifth Straight Month Of Gains: Investors Gear Up For Pivotal Week
Monday, July 31, 2023 - 1:35pm | 1370The U.S. stock market has started the week on a lackluster note, with all indices hovering around Friday’s closing values. Traders are adopting a more cautious approach as they await crucial events scheduled for the week. The market will be heavily influenced by significant earnings reports,...
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Wall Street Poised To Wrap Up Strong First Half, Apple Hits $3 Trillion, Nasdaq Surges 38% YTD: Friday's Market Drivers
Friday, June 30, 2023 - 1:23pm | 1403The last day of the first half of the trading year is marked by broad-based gains for the U.S. stock market, with all major averages in the green, and with Apple Inc. (NASDAQ:AAPL) hitting all-time highs and crossing back above the $3 trillion-market-cap mark. A measure of how much tech stocks...
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Stocks Fall, Treasuries Gain As Investors Await Powell Congressional Hearings: What's Driving Markets
Tuesday, June 20, 2023 - 2:17pm | 1346Stocks were falling on Tuesday as investors await remarks from several Federal Reserve officials this week and more clarity from Fed Chair Jerome Powell in his testimony before the Congress on Wednesday and Thursday. Meanwhile, U.S. Treasuries rallied, with yields dropping by about 10 basis points...
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Tech Sector Powers S&P 500 To 10-Month High While Oil Stocks Struggle: What's Driving Markets Today
Monday, June 12, 2023 - 2:20pm | 1263Stocks kicked off the week on a positive note, ahead of key macro events in the upcoming days, including the May inflation rate figure on Tuesday and the Federal Reserve's monetary policy decision on Wednesday. The S&P 500 Index, closely monitored by the SPDR S&P 500 ETF Trust (...