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Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the Federal Reserve may halt rate hikes. Fed officials Thomas Barkin and Neil Kashkari
S&P 500 weekly chart Closing changes on the day: S&P 500 up +1.00% DJIA +0.7% Russell 2000 +2.7% Nasdaq Comp +1.4% Toronto TSX Comp +1.0% On the week: S&P 500 up 5.9% — best since Nov 2022 DJIA +5.1% Russell 2000 +7.6% — best since Feb 2021 Nasdaq Comp +6.6% Toronto TSX Comp +5.8% The
US equities are off the highs but still comfortably into positive territory on the day. The S&P 500 is up 0.7% and the Nasdaq up 0.9%. It’s set to be the fifth straight day of gains and comes despite a disappointing earnings report from Apple. Nasdaq Composite The driver in equities and broader markets is
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow stronger in wake of Fed decision The index’s rally was given fresh impetus by the Fed decision last night, which saw a more balanced outlook from Jerome Powell. The index has climbed to its highest level in
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 continues its recovery The index has recovered from the lows seen last week, after nearing the 200-day SMA. For the moment, the pullback from the October highs is still in place and leaves the bearish view
If you’re new to trading and would like to know how to develop confidence in trading, click on the free guide! Recommended by Manish Jaradi Building Confidence in Trading Global equity markets declined, led by the US on mixed third-quarter earnings, lingering uncertainties in the Middle East, and higher for longer interest rate outlook. The
The NASDAQ index is up 127 points or 1.0% at 12721.65, but this week saw a sharp move lower that took the price below its 200 day moving average for the 1st time since March 2023. The price also fell below the 38.2% retracement of the move up from the 2022 low to the 2023
NASDAQ 100 FORECAST: The Nasdaq 100 rebounds off technical support heading into the weekend following a selloff in the previous trading sessions Amazon leads the charge higher thanks to solid corporate earnings Despite the positive mood on Wall Street, market risks remain elevated ahead of the Fed decision next Wednesday Trade Smarter – Sign up
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 losses resume Losses accelerated on Wednesday, taking the index to its lowest level since early June. A move towards the lower bound of the channel appears likely, which would see the index head down to 14,250.
