MeritKapital News
Wall Street closes higher in post FOMC session, core PCE in focus
US equities finished higher in a volatile session following Wednesday’s FOMC minutes release. The Dow Jones rose 0.3% to 33,154, the S&P went up 0.5% to 4,012 and the Nasdaq increased 0.7% to 11,590. Treasury yields were mostly lower, as the yield on the 2-year note was unchanged at 4.7%, while the yields on the 10-year…
Read MoreFOMC minutes show ongoing rate hikes support
US equities finished mixed on Wednesday following the release of Fed’s February meeting that showed that nearly all Fed policymakers remained in favor of rate hike campaign despite colling of inflationary pressures. The Dow Jones lost 0.3% to 33,045, the S&P was down 0.2% to 3,991, while Nasdaq gained 0.1% to 11,507. Treasury yields were lower, as…
Read MoreWall Street posts worst day of 2023 on higher rates fears
US equities finished sharply lower on Tuesday, as the uncertainty over Fed’s future rate hike decisions pressured the market sentiment. The Dow Jones lost 2.1% to 33,130, the S&P was down 2% to 3,997 and the Nasdaq dropped 2.5% to 11,492. As investors grappled with recent inflation data and Fed speeches, treasury yields went noticeably…
Read MoreUS futures fall ahead of PMI data and Fed minutes
US President Biden made a surprise visit to Kyiv on Monday and met Ukrainian President Zelenskiy, declaring “unwavering support” in a show of solidarity as Russia’s invasion nears the one-year mark. Biden said he will pledge another $500 million in aid with package including artillery ammunition, anti-armor systems, and the air surveillance. The US will…
Read MoreGlobal shares edge up in US holiday slow trading ahead of Fed minutes later this week
US equities finished mixed last week ahead of Monday’s President’s Day holiday. The Dow Jones gained 0.4% to 33,827, the S&P lost 0.3% to 4,079 and the Nasdaq fell 0.6% to 11,787. US treasury rates were slightly lower with the yield on the 2-year and 10-year notes declining 2 bps to 4.61% and 3.82% respectively, while…
Read MoreUS stocks slump as Fed members say larger hikes not off table
US equities finished sharply lower following higher than expected inflation data, as well as hawkish commentary from Fed. The Dow Jones lost 1.3% to 33,697, the S&P fell 1.4% to 4,090 and the Nasdaq decreased 1.8% to 11,856. Treasury yields were higher, as the yield on the 2-year note was up 7bps to 4.67%, the yield…
Read MoreUS stocks finish higher following a deluge of positive economic data
US equities finishes higher as Retail sales rose much more than anticipated in January, homebuilder sentiment improved by the most since the summer of 2013 and business inventories continued to rise. Dow Jones rose by 0.1% to 34,128, the S&P gained 0.3% to 4,148 and the Nasdaq advanced 0.9% to 12,071. Treasury rates were mostly higher,…
Read MoreMarkets mixed after inflation data renews rate hikes worries
US equities traded mixed on Tuesday after different inflation data. CPI for last month showed rise of 0.5%, while the pace over the year increase rose 6.4%, which conduct first slowing pace since mid-last year. Core CPI rose 0.4% for the month (in line with expectations) and 5.6% for the year (slightly more than expectations). As…
Read MoreMarkets rise ahead of inflation data
US equities rallied on Monday, followed by investors’ waiting on CPI data, which is going to be published today. The Dow Jones traded higher 1.1% to 34,245, the S&P Index gained 1.15% to 4137, and the Nasdaq ended up 1.5% to 11,891. Tech-related major companies contributed most in overall rally, with Meta gain 3% after…
Read MoreMarkets down as fresh worries of global recession appear
US equities continued sinking on Thursday, followed by investors’ further concerns on global recession with Treasury yield curve inversion and Fed representatives’ speeches on more rate hikes to combat inflation as signals. The Dow Jones traded lower 0.7% to 33,699, the S&P Index lost 0.9% to 4081, and the Nasdaq ended down 1% to 11,789. Treasury…
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