MeritKapital News

US stocks ended slightly lower on Monday after the Institute for Supply Management reported that its closely followed manufacturing gauge dipped to 52.8% in July from a reading of 53% in previous month. Subsequently, Dow Jones declined 0.1% to finish at 32,798.40, S&P 500 declined 0.3% to finish at 4,118.63 while Nasdaq 100 declined 0.2%…

US stocks finished higher on Friday in the final trading session of the month of July, marking the best monthly gain for the S&P 500 and Dow Jones since November 2020. Big-tech earnings reports helped lift equities while investors shrugged off another sign of high inflation for the Fed Reserve’s preferred gauge. Subsequently, Dow Jones…

US stocks rallied higher on Thursday following the release of second-quarter GDP, which showed -0.9% QoQ. However, this was second consecutive quarter of negative U.S. economic growth after the -1.6% print in Q1 and therefore affirmed the U.S economy as now being in technical recession. Subsequently, Dow Jones increased 1.0% to finish at 32,529.63, S&P…

US stocks advanced higher on Wednesday as the market reacted to softer-than-expected earnings results from some key companies with Nasdaq 100 posting its biggest daily percentage gain since April 2020. Also, the Fed Reserve chair Jerome Powell announced a 75 basis points increase in interest rate while indicating that another large interest rate hike might…

US stocks declined yesterday following a host of soft data and as earnings season kicks into high gear. Today the Fed Reserve will begin its two-day monetary policy meeting which is largely expected to increase rate by 75 basis points. Subsequently, Dow Jones declined 0.7% to finish at 31,761.54, S&P 500 declined 1.2% to finish…

US stocks ended mixed on Monday, after flipping between modest gains and losses as investors await the Fed Reserve policy meeting scheduled on Wednesday which is expected to include another big rate hike. Subsequently, Dow Jones increased 0.3% to finish at 31,990.04, S&P 500 increased 0.1% to finish at 3,966.84 while Nasdaq 100 declined 0.4%…

US stocks closed lower on Friday, after Snap Inc. delivered disappointing earnings ahead of next week’s deluge of quarterly results from technology giants. The markets were lacklustre after a host of global preliminary July manufacturing and services sector that all signalled slowing business activity, notably a drop into contraction territory for the U.S. services sector…

US stocks closed higher on Thursday with all three benchmarks touching their highest levels in six weeks, as weak economic data was offset by healthy second-quarter corporate earnings from Tesla Inc, and others. Subsequently, this is how the three US stocks benchmarks performed- The S&P 500 increased 1.0% to finish at 3,998.95, Nasdaq 100 increased…

US stocks advanced higher on Wednesday as Nasdaq leads stocks to finish higher extending gains from the previous session after Netflix earnings came in better than feared, which boosted investors confidence as they await Fed Reserve Rate hike. Subsequently, this is how the major US stocks displayed, Dow Jones increased 0.2% to finish at 31,874.84,…

US stocks advanced higher on Tuesday with the main benchmarks seeing their strongest advance in a month. However, Investors remain on edge, as persistent inflation has caused global central banks to move toward tighter monetary policies, sparking concerns of a possible recession. Subsequently, Dow Jones increased 2.4% to finish at 31,827.05, S&P 500 increased 2.8%…