MeritKapital News

US equity futures pointed higher on Monday and Treasuries retreated amid steadier investor sentiment compared with last week’s rout in global shares. Treasury futures also slid, with no cash trading due to the Juneteenth holiday. Subsequently the S&P 500 futures rose 1.6% after the worst week for the underlying gauge since the start of the…

U.S stocks ended mixed Friday, with the Dow Jones erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and more aggressive Federal Reserve. Subsequently, S&P 500 declined 0.2% to finish at 3,674.84, Nasdaq 100 declined 1.4% to finish at 10,798.35, while Dow Jones declined 0.1% to finish at…

U.S stocks closed sharply lower on Thursday, more than erasing the bounce seen the previous session following the Fed Reserve’s largest rate hike since 1994, as worries about the economic outlook moved centre stage. Subsequently the S&P 500 declined 3.3% to finish at 3,666.77, Nasdaq 100 declined 4.1% to finish at 10,646.10, while Dow Jones…

Stocks closed higher in choppy trade, after the Fed Reserve announced a 75-basis point rate hike yesterday, its largest increase in nearly 30 years, as the central bank works to quickly quell inflation that’s proven to tame from a four-decade high. In a statement, Fed chair Jerome Powell said they now expect the central bank’s…

U.S. stocks ended mostly lower yesterday, with the S&P 500 and Dow Jones each falling a fifth straight day, ahead of what’s expected to be one of the biggest Fed interest rate hikes in decades to be announced today. Inflation has boosted expectations of a more aggressive Fed, while fostering recession concerns. Subsequently S&P 500…

U.S. equities continued its downward trend to begin the new week, following Friday’s hotter-than- expected inflation report.  Yesterday’s weakness brought the S&P 500 to bear market to join Nasdaq 100. Further, investors are worried about a possible recession in part due to the expectation of more aggressive Fed monetary policy later this week. Subsequently the…

The global exodus from stocks and bonds is intensifying as investors grow increasingly concerned that inflation will force central banks to squash economic growth with higher interest rates. Subsequently stocks finished sharply lower on Friday as S&P 500 declined 2.9% to finish at 3,900.86, Nasdaq 100 declined 3.5% to finish at 11,340.02, while Dow Jones…

US stocks tumbled late Thursday to close sharply lower, as investors await a key read on May consumer price index report due today. Subsequently S&P 500 declined 2.4% to 4,018, Nasdaq 100 declined 2.8% to 11,754, while Dow Jones declined 1.9% to 32,273. The 10-year yield Treasury rose 1 basis point to 3.041%, while Gold…

US stocks finished lower as inflation and the ability of centrals banks’ to tackle it without stunting economic growth remained a major source of concern for investors. Consequently, the S & P 500 lost 1.08%% to close at 4,115.77, NASDAQ 100 declined 0.73% to close at 12,086.27 while DOW dropped by 0.81% to close at…

U.S stocks closed higher Tuesday, picking up stream late afternoon and shaking off early weakness after a profit warning from retailing giant Target Corp. reinforced worries over the retail sector.  US Stocks closed positive yesterday with S&P 500 gaining 1% to finish at 4,160.68, Nasdaq 100 gaining 0.9% to finish at 12,175.23 and Dow Jones…