US stocks mixed as market awaits more aggressive rate hikes

📉 Nasdaq 100 Index 11311.69, (0.21%)↑📉 S&P 500 Index 3735.88, (-0.37%)↓📉 Dow Jones Indus Avg Index 30364.83, (-0.5%)↓ 🔶 US equities closed mixed amidst a rally in Treasury yields and the dollar. Gains in the Technology and energy sectors led shares higher while losses in the Utilities and Healthcare sectors led shares lower. The S&P […]

Consecutive record for the S&P500 on strong earnings

📈 SPX | 4,631 (+17, +0.4%)📈 DJIA | 36,053 (+139, +0.4%)📈 CCMP | 15,650 (+54, +0.3%) 🎉 The Russell 2000 of small-caps closed at a record high as well, with a strong earnings season acting as a tailwind for positive sentiment in equities. 🚂 Around 83% of S&P500 companies reporting earnings so far have beat […]

Another all-time high as earnings season rolls on

📈 SPX | 4,614 (+8, +0.2%)📈 DJIA | 35,914 (+94, +0.3%)📈 CCMP | 15,596 (+98, +0.6%) 🎉 The S&P500 has now surged by nearly 300 points since the beginning of the earnings “season”, led by continued gains in mega-caps such as Tesla (+8.5%) 🏦 The Federal Reserve meets this Wednesday, and is highly expected to […]

US stocks resume climb amidst downward revenue revisions from flagging economic growth

📈 SPX | 4,605 (+9, +0.2%)📈 DJIA | 35,820 (+89, +0.2%)📈 CCMP | 15,498 (+50, +0.3%) ☕️ In a somewhat emerging pattern, Starbucks (-6.3%) beat earnings last week – but failed to meet revenue expectations. The company has been experiencing difficulties from rising commodity prices and issues with hiring labour. 🎉 After hitting a $2 […]

Stocks weighed down after-hours by Apple, Amazon disappointment

📈 SPX | 4,596 (+45, +1.0%)📈 DJIA | 35,730 (+240, +0.7%)📈 CCMP | 15,448 (+212, +1.4%) 🎢 Apple (-3.5% after hours) and Amazon (-4.0%) look set to shed over $100 billion in market cap after hours. Apple fell after revenue missed expectations, being weighed down by supply chain concerns, while Amazon fell after delivering lower-than-consensus […]

Stocks fall as growth concerns weigh

📉 SPX | 4,552 (-23, -0.5%)📉 DJIA | 35,491 (-266, -0.7%)📈 CCMP | 15,236 (+0, +0.0%) 📊 US Q3 GDP data is due later today, and is expected to come in at around +2.8% – the ‘slowest’ quarter on record since the pandemic-induced recession began. 🧐 The US economy is continuing to come under strong […]

Stock market largely flat as earnings season rolls on

📈 SPX | 4,575 (+8, +0.2%)📈 DJIA | 35,757 (+16, +0.0%)📈 CCMP | 15,236 (+9, +0.1%) 🏦 Citigroup analysts have cautioned investors against sectors and assets with exposure to ‘vulnerable’ emerging markets such as China, citing the increasingly sharp slowdown in global growth as a point of worry for corporate earnings having already peaked ahead […]

SPX continues to get pushed higher as Tesla gains

📈 SPX | 4,566 (+22, +0.5%)📈 DJIA | 35,741 (+64, +0.2%)📈 CCMP | 15,227 (+137, +0.9%) 🎉 Tesla (+12.7%) took a step into the $1 trillion club yesterday, rising by $115 to reach a price of $1,024.86 by market close. The move was sparked by Hertz ordering 100’000 cars from Tesla, aiming to ‘electrify’ its […]

US stocks consolidate near all-time highs as earnings steamroll inflation worries

📉 SPX | 4,545 (-5, -0.1%)📈 DJIA | 35,677 (+74, +0.2%)📉 CCMP | 15,090 (-126, -0.8%) 🛢 Measures of crude oil prices have now risen for nine weeks in a row, the longest streak since 1983 – and fuelling inflation concerns. 🏘 US Existing Home Sales for September beat expectations, rising to a 7-month high […]

US stocks hit another all-time high, but not everyone making gains

📈 SPX | 4,550 (+14, +0.3%)📉 DJIA | 35,603 (-6, 0.0%)📈 CCMP | 15,216 (+94, +0.6%) 🌊 The S&P500 made gains for a 7th straight session, its longest streak since July. Accordingly, the CBOE Volatility Index (VIX) has fallen to its lowest level since before the pandemic. 📉 Snap Inc (-21.5% after hours) fell massively […]