U.S. stocks marked another positive start to the week ahead of the upcoming FED interest rate decision. All major stock market indexes closed higher on Monday with the DOW registering its longest winning streak in six years. The 30-stock index rose for the 11th consecutive day adding 0.52%. In the meantime, the S&P500 climbed 0.40% …
Following another strong week for both U.S. stocks and the Dollar, investors await the upcoming FED rate decision amid a busy week. Stocks have benefited from stronger-than-expected financial results from big names during the beginning of last week which pushed major averages to extend their advance, however, the Nasdaq retreated as some tech-giants companies dragged …
U.S. stocks had a mixed close on Thursday as earnings season continues to drive the stock market volatility. In the meantime, unemployment claims fell from 237K to 228K while the existing home sales declined from to 4.30M to 4.16M. In addition, shares of Johnson & Johnson soared 6% after the company’s financial results exceeded analysts’ …
The U.S. Dollar continued its recovery on Wednesday despite weak economic data from the housing sector. The Greenback was up against other major currencies while traders await the upcoming FED rate decision. Meanwhile, the recent rebound is likely to be short-lived as the dollar remains in a downtrend following a slowdown in inflation figures seen …
The U.S. Dollar managed to rebound on Tuesday despite weak economic data as the focus shifted to the upcoming FED rate decision. The retail sales monthly figures fell to 0.2% down from 0.5%, moreover, both industrial production and the capacity utilization rate came out below expectations while in Canada, inflation cooled down as the CPI …
U.S. stocks started the week on a positive note as all three major indexes closed higher on Monday ahead of a busy economic calendar for the stock market. Many big companies are expected to report their financial results which can lead to an increase in liquidity and trading volumes. Looking at yesterday’s price action, the …
All major U.S. stock market indexes extended their advance last week following a slowdown in inflation after the recent CPI figures came out below expectations. The Dow was up 2.3% on a weekly basis, registering its best performance since March and closing higher for the fifth consecutive day. Technically, buyers will be challenging an important …
U.S. stocks rose on Wednesday after the latest CPI figures showed a cool-down in inflation levels. The monthly CPI reading came out below expectations at 0.2% while the yearly figures dropped to 3.0% compared to forecasts of 3.1%. Investors are looking at the recent data as a positive signal that the FED is bringing inflation …
The U.S. stock managed to resume its advance after facing a three-day decline last week following the jobs report release. All three major indexes closed higher on Tuesday as the focus now is on the latest inflation figures which are due later today. June’s consumer price index is expected to have risen from 0.1% to …
The U.S. Dollar extended its decline on Monday after the recent miss in the U.S. Non-Farm payrolls. The Greenback was down against other major currencies as traders await the release of the latest inflation data through the consumer price index. When looking at the recent stock market movements, we can see that major stock indexes …