TAG: S&P 500
S&P 500 Momentum Report
Strong set of US manufacturing data challenged dovish rate expectations A surprise expansion in US March manufacturing activities triggered mostly a downside reaction across Wall Street to kickstart the new quarter, as market participants pared their dovi...
6 months ago
‘Taiwan quake to hit chip output, full impact not yet known’ - Versace
Versace also talks to IGTV financial analyst Angeline Ong about Intel and this Friday’s NFP. (Partial Video Transcript) How has the Taiwan earthquake affected the chip sector? Angeline Ong: Hello and welcome to IG’s “Trading the markets”. I'm Angeline...
6 months ago
S&P 500 Momentum Report
Risk-off continues, with eyes on upcoming earnings to save the day With chatters that a market correction may be due following a strong rally since the start of the year, Wall Street did just that, with major US indices extending their losses for the seco...
6 months ago
Wall Street: US tech stocks tumble amid economic pressures
US equity markets dived last week, led by the tech-heavy Nasdaq, due to persistently high interest rates, ongoing geopolitical tensions, and anxieties ahead of US tech earnings. Netflix and AI stocks bear the brunt of market disappointment The sell-off ac...
5 months ago
Wall Street: US equity markets leap on Fed rate cut hopes after jobs data surprise
US equity markets surged higher on Friday night to conclude a volatile week in positive territory, after a weaker-than-expected jobs report led the interest rate market to price in a second 25 basis point (bp) Fed rate cut before year-end. For the week, t...
5 months ago
Wall Street update: US indices rebound ahead of tech earnings, FOMC, and NFP
Wall Street update Despite gains on Friday night following favourable PCE inflation data, last week's Wall Street narrative centred on position unwind and sector rotation—out of tech stocks and into small caps and blue chips. Political developments impact...
2 months ago
Markets Weekly Outlook: Central Banks and US Earnings. Will the BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank mee...
2 months ago
S&P 500 finally suffers a big drop – what comes next?
S&P 500 finally snaps its winning streak Until yesterday, the S&P 500 had gone 356 trading days without a 2% drop. This is the strongest run since 2017 for the index, and underscores how powerful this rally has been. Winning streak chart...
2 months ago
FTSE 100, S&P 500 and Nikkei 225 move higher
FTSE 100 breakout continues The end of last week saw the FTSE 100 index stage an impressive breakout from the range that had dominated since the end of May. The price smashed through the 50-day simple moving average (SMA), and rallied to a two-mont...
2 months ago
S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings
The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion....
2 months ago
Nasdaq, S&P 500 ride chip-stock wave before Fed decision; Microsoft falters
The Nasdaq and the S&P 500 jumped around 2% on Wednesday, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.Both the...
2 months ago
FTSE 100 and S&P 500 higher, but Nikkei 225 drops back
FTSE 100 at two-month high The FTSE 100 price has enjoyed a strong week, with further gains yesterday taking it to a two-month high after it broke higher at the end of last week. The record high is in sight once more, and the uptrend is firmly in pl...
2 months ago
Wall Street: US stocks plummet, woeful jobs report and tech earnings spark recession fears
US stocks tumble on dismal jobs data US stock markets closed sharply lower on Friday, driven by a weaker-than-expected jobs report that heightened concerns over recession and disappointing tech earnings. Non-farm payrolls increased by just 114,000 in July...
2 months ago
S&P 500 Momentum Report
Debate for soft landing intensifies A rough start to the month of August was met with some near-term calm, as resilient US services activities data for July reflected more of a moderation in growth as opposed to one that is in line with a recession. Imp...
2 months ago