Last Friday, the market sold off as the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. This might be a signal that the consumers are indeed weakening, and it could be a bad omen for the broad market. Moreover, we got some
The broader stock indices are trading lower. The S&P index is now down -0.19% while the NASDAQ index is down -0.68%. The Dow industrial average is holding onto a modest 0.16% rise. With the clock ticking toward the close of the trading week, the major indices are holding onto gains: Dow industrial average is up
Nasdaq daily It has gotten ugly in equity markets on Friday the 13th. The Nasdaq Comp is leading the way lower, down 1.5% while the S&P 500 is down by 0.85%. The drop today wipes out the weekly gain in the Nasdaq after a strong start. There’s a disjunctive risk-off tone in markets today in
SPX daily Closing changes on the day: S&P 500 down 0.6% DJIA +0.1% Russell 2000 -0.8% Nasdaq Comp +1.3% Toronto TSX Comp -0.3% Closing changes for the week: S&P 500 up 0.4% DJIA +0.8% Nasdaq Comp -0.2% You hate to see Lockheed Martin up 1.6% and closing near the best levels of the week ahead
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow edges above 200-day moving average The impressive rebound for the Dow has carried the index back to the 200-day simple moving average (SMA).Early trading on Thursday has seen the price edge above this indicator, though a close
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Dow at one-week high The index surged on Monday, rallying back towards the 200-day simple moving average (SMA). This comes after the gains made on Friday following the payrolls report. For the moment a low appears to be
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index have rebounded from key support. Oversold conditions, light positioning, and positive seasonality raise the bar for a material downside from here ahead of the upcoming earnings season. What are the outlook and the key levels to watch in
more to come S&P500 futures are down around 0.6%, Nasdaq down are half a percent. UST futures and oil are higher. We already know US dollars are higher: Indicative oil chart: If you don’t have a feed for an instrument you want to track use our app. This chart is from our charting app, which
Despite the strength in the US data this week and another beat in Jobless Claims yesterday, the Nasdaq Composite didn’t sell off like we saw in the past week. The index is hovering around a key support level and it looks like the soft landing vibes might be returning now that the hangover from the
US NFP REPORT KEY POINTS: The U.S. economy is forecast to have created 170,000 jobs in September. The unemployment rate is seen ticking down to 3.7% from 3.8% previously, signaling persistent labor market tightness. A strong NFP report will be positive for U.S. yields and the U.S. dollar, and bearish for gold and stocks. Most
