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November Rally Lights Up Stock Market As Speculation Grows Over Potential Fed Rate Cuts: The Week In The Markets
Friday, December 1, 2023 - 5:43pm | 893The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), capped off November with a 8.9% rise, marking its 18th strongest monthly performance since 1950. Technology stocks, as closely monitored through the Invesco QQQ Trust (NASDAQ:QQQ), outpaced broader market gains, with...
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US Stocks Advance, Microsoft's Record Highs, Israel And Hamas Sign Temporary Truce: This Week In The Markets
Friday, November 24, 2023 - 3:42pm | 1077Wall Street marked its fourth consecutive week in the green, despite reduced investor activity during the Thanksgiving holiday week. The major U.S. stock indices are steadily approaching their all-time highs: The S&P 500 index is now just 6% away from its January 2022 peak of 4,818, while the...
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Tech Giants Lead Market Surge As Dow Blue Chips Stall; Microsoft Hits New Highs While Bitcoin Rallies: The Week In The Markets
Friday, November 10, 2023 - 5:23pm | 899Wall Street’s tech giants continued to extend their gains in the week following the Federal Reserve's November meeting. The Nasdaq 100 has once again outperformed other major indices, driven by the Magnificent 7, which includes artificial intelligence winners and tech stocks with the highest...
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Israel-Hamas War Shakes Middle East, Inflation Reawakens, Oil Surges: The Week In The Markets
Friday, October 13, 2023 - 4:33pm | 1436Global geopolitical developments and domestic economic data shaped investor sentiment throughout the week, sparking fresh concerns regarding the outlook for growth and inflation. Global Reactions Mount As Israel-Hamas Conflict Escalates The week commenced with the eruption of conflict in the Middle...
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Shutdown Averted, Treasury Yields Flirt With 5%, Strong Payrolls Add to Fed Tightening Risk: The Week In The Markets
Friday, October 6, 2023 - 4:14pm | 1552A week filled with significant events impacting the markets culminated in an unexpectedly strong September jobs report. Government Shutdown Averted; House Ousts McCarthy: The U.S. Congress managed to avoid a dramatic government shutdown just hours before the midnight deadline Oct. 1 by passing a...
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Stocks Tumble, Tech Stands Firm, Treasuries Enter Turmoil As Jerome Powell Speaks: What's Driving Markets Monday?
Monday, October 2, 2023 - 2:21pm | 1266October kicked off with a familiar refrain, echoing the turbulence that characterized September. Once again, the persistent surge in Treasury yields takes center stage, creating an atmosphere of uncertainty and unease among traders. The 10-year Treasury yield has surged to 4.70%, while the 30-year...
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Stocks, Bonds Shaken By September Turbulence Ahead Of Government Shutdown Deadline: The Week In The Markets
Friday, September 29, 2023 - 4:13pm | 1012The U.S. stock market has weathered its toughest month of the year, with September adhering to its typical negative seasonality in terms of risk sentiment. Both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Nasdaq-related Invesco QQQ Trust (NASDAQ:QQQ) closed 5% lower this month. Bonds Sell...
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Inflation Ticks Higher, UAW Strikes, Arm's Record-Breaking IPO: The Week In The Markets
Friday, September 15, 2023 - 4:21pm | 909This 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’...
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Rising Stars, Falling Trends: July's Industry ETF Winners And Losers
Monday, July 31, 2023 - 10:59am | 1649As July comes to an end, it’s time to take a look at the best- and worst-performing industry ETFs for the month. Among the largest ETFs that represent major U.S. stock indices, the SPDR S&P 500 ETF Trust (NYSE:SPY) returned 3.1% in July, marking its fifth consecutive month of gains. The...