Economic Data

The tech earnings season started with disappointments for investors as shares of the Magnificent Seven companies all declined during the trading week. Alphabet Inc. (NASDAQ:GOOGL) reported stronger-than-expected earnings and revenue, but missed analysts’ targets on YouTube advertising revenue...

Small-cap stocks celebrated their third consecutive week of gains, driven by growing investor optimism towards interest rate-sensitive industries and companies, bolstered by firm expectations of a Federal Reserve rate cut in September. Markets are currently pricing in a 100% likelihood of a Fed...

Economic data unveiled Tuesday revealed a complex picture of the U.S. economy, highlighting an ongoing expansion in the services sector but a sharper-than-expected decline in factory orders for January. Tuesday’s Economic Bullets: Key Highlights The ISM Services PMI reported a slight...

The yields on U.S. Treasury notes have almost entirely retraced their surge following the release of the hotter-than-expected January inflation report. This indicates a swift shift in investor sentiment amidst conflicting economic indicators. The 10-year Treasury note saw a decrease to 4.21%...

The Bureau of Economic Analysis (BEA) is preparing to release its third-quarter advance estimates for the U.S. gross domestic product (GDP) on Thursday. The U.S. is poised to showcase its most robust economic growth rate in years. The latest data is in stark contrast to views and recession fears...

U.S. private businesses experienced a welcome resurgence in economic activity in October, marking a departure from the somewhat stagnant conditions observed throughout August and September. The latest data from the S&P Global Purchasing Managers’ Index (PMI) has provided a glimmer of...

U.S. retail sales advanced more than expected in September, marking a six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation and elevated interest rates. Often considered a gauge of consumer health, the retail sales data released on Tuesday by...

The threat of a U.S. government shutdown casts a formidable cloud over the eagerly awaited release of critical economic data. The political deadlock over government funding carries the potential to immerse investors, Fed watchers, and policymakers into an unsettling period. A data blackout injects...

Thursday’s economic data featured notable highlights: a 2.1% annualized growth rate for the U.S. economy in the second quarter of the year and a lower-than-expected increase in jobless claims from the prior week, which held close to a nine-month low. Treasury yields continued to rise further...

This week witnessed a flurry of economic data and market-shaping events ahead of the crucialSept. 20 FOMC meeting. Inflation Surges, Driven By Gas In August, the annual inflation rate in the United States saw its second consecutive increase, reaching 3.7%. This was a notable uptick from July’...

Markets embraced an unexpected turn of events as Wednesday’s U.S. economic data releases fell short of market expectations. The initial response was positive, with market participants interpreting the data as an indication of potentially easing inflationary pressures, thus lowering the...

The number of job openings in the United States plunged to a 28-month low of 8.827 million in July, according to data released Tuesday. This was down 338,000 from the previous month and well below economist expectations of 9.465 million openings. The decline in job openings was broad-based, with...

To gain an edge, this is what you need to know today. Strong Economic Data Please click here for a chart of Global X Dow 30 Covered Call ETF (ARCA: DJIA) Note the following: The chart shows that DJIA has shown a winning streak for 13 consecutive days. DJIA is higher...

Stocks closed higher last week with the S&P 500 gaining 2.3%. The index is now up 15.9% year to date, up 24.4% from its October 12 closing low of 3,577.03, and down 7.2% from its January 3, 2022 record closing high of 4,796.56. Economic data has been trending favorably. Last week, we got...

Anndy Lian, the author of "NFT: From Zero to Hero," considers last week's jobs data report — which showed a remarkable increase in non-farm payrolls and a marginal uptick in the unemployment rate — to be a potential catalyst for cryptocurrency adoption. "Positive job...