MeritKapital News
Stocks futures drop, bonds yields rise on econonic growth risks
U.S stocks finished modestly higher on Monday as investors sifted through data and comments about the jobs market. Although US stock prices closed positive yesterday with S & P 500 up 0.31% to 4,121.43, DOW at 32,915.78, up 0.05% and NASDAQ 100 up by 0.40% to 12,061.37, futures which show likely opening levels for equities…
Read MoreUS equities wobble amid China’s plan to moderate Covid induced lockdowns
US Stocks finished lower on Friday. However, Futures rose following China’s move to lessen Covid restrictions, bringing a ray of hope to investors amid worries over inflation and interest rate hikes. Consequently, US stock prices closed negative on Friday with S & P 500 down 1.93%% to 4,108.54, DOW at 34,899.70, down 1.05% and NASDAQ…
Read MoreUS equities rise, oil drops as OPEC+ agrees to increase supply
US Stocks finished higher as markets seemed to have shrugged off concerns about the momentum at which the Federal reserve would hike rates and the risk of an economic recession. Consequently, the S & P 500 gained 1.84%% to close at 4,176.82, NASDAQ 100 rose 2.69% to close at 12,316.90 while DOW increased by 1.33%…
Read MoreUS equities choppy, bonds yields rise as oil prices decline on imminent supply glut
US Stocks traded in a volatile session but still finished lower as investors analysed hawkish signals from the Fed and other central banks over their plans to combat rising inflation coupled with a drop in oil prices. Consequently, US stock prices closed negative yesterday with S & P 500 down 0.75% to close at 4,101.23,…
Read MoreUS equities wobble, bonds yield rise as inflation becomes center of attention
US stocks finished lower yesterday. However, futures are northbound amid concerns about the extent to which the Federal reserve will tighten monetary policy to combat inflation. Consequently, US stock prices closed negative yesterday with S & P 500 down 0.63% to close at 4,132.15, DOW at 32,990.12, down 0.67% and NASDAQ 100 down by 0.41%…
Read MoreUS equities falter, bond yield rise as inflation worries intensify
US stocks finished higher yesterday. However, futures are on a decline amid concerns on how assertive central banks will need to be to moderate prevailing high inflation without stunting economic growth. Consequently, US stock prices closed positive yesterday with S & P 500 up 2.47% to close at 4,158.24, DOW at 33,212.96, up 1.76% and…
Read MoreUS equities rise on China’s easing of covid lockdown measures
US Stocks finished higher as news from China pertaining to easing of covid lockdown measures gave some ray of hope regarding global economic recovery. Consequently, the S & P 500 gained 2.47%% to close at 4,158.24, NASDAQ 100 rose 3.33% to close at 12,131.13 while DOW increased by 1.76% to close at 33,212.96. Brent crude…
Read MoreUS equities rise as consumer’s remain resilient despite inflation risk
US stocks finished higher in spite of uncertainty regarding the eventual outcome of Fed’s monetary tightening effort to combat inflationary pressures. Consequently, the S & P 500 gained 1.99%% to close at 4,057.84, NASDAQ 100 rose 2.68% to close at 11,740.65 while DOW increased by 1.61% to close at 32,637.19. Treasury yields were stable with…
Read MoreUS stocks rise as investors mull over FED stance & China’s economic outlook
US equities finished higher as traders reflected on Fed Minutes that did not indicate a more aggressive rate hike campaign to tackle inflation coupled with a gloomy economic outlook for China. Consequently, the S & P 500 gained 0.95%% to close at 3,978.73, NASDAQ 100 rose 1.51% to close at 11,343.74 while DOW increased by…
Read MoreUS stocks mixed; bonds steady ahead of FED minutes
US Equities finished mixed, and Treasuries steadied as Markets gauged the outlook for Fed’s monetary tightening campaign. Consequently, the S & P 500 lost 0.81%% to close at 3,941.48, NASDAQ 100 declined 2.35% to close at 11,264.45 while DOW gained 0.15% to close at 31,928.62. The yield on 10-year USTs was stable at 2.75% after…
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