Share: S&P 500 closes down at 4450.32, losing 1.22%, as Technology, Consumer Discretionary, and Energy sectors led the decline. Upbeat US economic data, including a rise in the Empire State Manufacturing Index, fuels optimism that the Fed may achieve a soft landing. US 10-year Treasury yields climb to 4.334%, adding to market jitters,
Share: Arm Holdings gained 24.7% on Thursday debut. ARM stock sells off Friday after initial rally. Higher Oil prices are affecting market sentiment as inflation indicators rise this week. United Auto Workers initiates strikes at Ford, GM and Stellantis factories. Taiwan Semiconductor tells suppliers to delay equipment orders. Arm Holdings (ARM) stock is
S&P is out with it expectations for the UAW strike and implications. They say Warns that if the UAW strike continues for over a week and expands, it could lead to significant reductions in earnings and liquidity in the US auto sector for 2023. Predicts a slowdown in U.S. auto sector momentum in the second
Share: Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave AnalysisSummary: Quadruple witching 15 September four major derivatives contracts expire simultaneously. Bullish bias develops further in leading stocks and US sectors. The UK markets have broken out of a larger Triangle
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, Nasdaq 100 Analysis and Charts Dow struggles to push higher The index has spent the week trying to break higher, but gains above 34,700 have proven impossible to sustain. For the moment, while the buyers have not been able to seize control, sellers
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow makes further gains The index has spent the past three sessions rallying from last week’s low and is now challenging the 50-day SMA from below. A close above 35,000 is critical to a renewed bullish view emerging,
Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on
S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: The S&P 500 index and the Nasdaq 100 index retreated from key resistance zones. Lofty real yields, above-average valuations continue to pose a high bar for material index gains. What are the outlook and the key levels to watch in the S&P 500 and the Nasdaq 100