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S&P makes sixth consecutive day of gains
📈 SPX | 4,364 (+13, +0.3%)📉 DJIA | 34,378 (-1, 0.0%)📈 CCMP | 14,572 (+106, +0.7%) 🎉 The S&P500 is making its best start to an earnings season in two years, having gained about +3.6% within the first week alone thanks to the strong earnings beat so far. 💸 The US Dollar continued its fall […]
S&P makes fifth consecutive day of gains
📈 SPX | 4,520 (+33, +0.7%)📈 DJIA | 35,457 (+199, +0.6%)📈 CCMP | 15,129 (+107, +0.7%) 🎯 The S&P500 is now within sight of its previous all-time high. Cryptocurrency-linked stocks rose thanks to Bitcoin rising to record levels, while consumer staple stocks such as Procter & Gamble Co. (-1.2%) fell over stated concerns of higher […]
S&P staves off overvaluation concerns as oil retreats
📈 SPX | 4,486 (+15, +0.3%)📉 DJIA | 35,259 (-36, -0.1%)📈 CCMP | 15,022 (+124, +0.8%) 🧐 The S&P500 is now -1.1% off of its all-time high, as oil retreated, slightly easing worries over inflation. A breakout earnings season will likely further ease those concerns, with heavyweights Netflix (today, post-market) and Tesla (tomorrow, post-market) reporting […]
Stocks continue rally as market enter earnings season
📈 SPX | 4,471 (+33, +0.7%)📈 DJIA | 35,295 (+382, +1.1%)📈 CCMP | 14,897 (+74, +0.5%) 💵 Stocks rose by the most since July as strong corporate earnings and a surprise rise in retail sales helped spur positive sentiment in the economy. 🏦 Goldman Sachs CEO David Solomon echoed sentiment from fellow bank CEOS (such […]
Earnings season optimism sees stocks make gains
📈 SPX | 4,438 (+74, +1.7%)📈 DJIA | 34,913 (+535, +1.6%)📈 CCMP | 14,823 (+252, +1.7%) 👍 US stocks again rose as the major earnings season begins. Most US banks have reported earnings this week, with Goldman Sachs (Friday) and BNY Mellon (Tuesday) yet to come. Counting earnings seasons since last March, the S&P500 has […]
Inflation comes in higher than expected again as Rabobank declares that markets “are in complete denial”
📈 SPX | 4,364 (+13, +0.3%)📉 DJIA | 34,378 (-1, 0.0%)📈 CCMP | 14,572 (+106, +0.7%) 🎈 US CPI figures for September again came in higher than forecast (+5.4%), sending markets upside down as Treasury yields plunged while growth stocks gained for a change. Up next, initial jobless claims and PPI data is due tonight. […]
Tech gauge drops as world’s most valuable company takes a hit from chip shortage
📉 SPX | 4,351 (-11, -0.2%)📉 DJIA | 34,378 (-118, -0.3%)📉 CCMP | 14,466 (-20, -0.1%) 🏦 Stocks fell ahead of the earnings season to begin tonight, as jitters over supply chain disruptions and inflation weigh on sentiment. More Federal Reserve officials have also stated in their clearest language yet that inflation seems to be […]
Crude oil rallies past $80, sends markets tumbling
📉 SPX | 4,361 (-30, -0.7%)📉 DJIA | 34,496 (-250, -0.7%)📉 CCMP | 14,486 (-93, -0.6%) 🛢 The stock market gave up large early gains as the day’s trading session advanced, seemingly guided by fears of a continuing surge in energy prices. WTI crude for instance, climbed above $81 per barrel – a 7-year high. […]
Nonfarm payrolls disappoint, raising economic growth concerns
📉 SPX | 4,391 (-8, -0.2%)📉 DJIA | 34,746 (-9, 0.0%)📉 CCMP | 14,580 (-74, -0.5%) 🎈 Employment gains (non-farm payrolls) came in at 194K against 500K expected, a second consecutive miss representing the slowest job growth for 2021 so far. With unemployment nonetheless falling from 5.1% to 4.8%, Friday’s trading session saw a relatively […]
Stock market bears again put to sleep as stocks rise for another day
📈 SPX | 4,400 (+36, +0.8%)📈 DJIA | 34,755 (+338, +1.0%)📈 CCMP | 14,654 (+152, +1.0%) 🎈 Gasoline prices have risen to an average of $3.22 per gallon in the USA (a gallon is 3.78 litres), the highest since 2014, and about $1 per gallon higher than a year ago. In major states like California, […]
