MeritKapital News
US stock futures and oil prices tumble on China’s underwhelming support plan
US equity futures and oil prices declined as China’s stimulus package failed to alleviate investor concerns about risks to economic recovery amid hawkish campaigns by central banks. Although US stock prices closed positive yesterday with S & P 500 up 1.86% to 3,973.75, DOW at 31,880.24, up 1.98% and NASDAQ 100 up by 1.59% to…
Read MoreUS stocks mixed following president Bidens remarks on China tariffs
US Equities finished mixed on Friday in the wake of President Joe Biden’s statement that tariffs imposed by the Trump Government were under review. Consequently, the S & P 500 was up 0.01% to close at 3,901.36, DOW closed 31,261.90, up 0.03% while NASDAQ 100 declined by 0.30% to close at 11,354.62. The yield on…
Read MoreUS stock futures rebound on China’s step to support economy
US Stocks finished lower. However, futures bounced back after China’s latest plan to boost its economy brought back some appetite for risk assets. Consequently, US stock prices closed negative yesterday with S & P 500 down 0.58% to 3,900.79, DOW 31,253.13, down 0.75% and NASDAQ 100 down by 0.26% to 11,388.50 while futures which show…
Read MoreUS stocks stumble on worries over economic growth outlook
US equities finished lower as concerns over high inflationary pressures outweighed the quest to hunt for stocks that are beaten down. Consequently, the S & P 500 lost 4.04%% to close at 3,923.68, NASDAQ 100 declined 4.73% to close at 11,418.15 while DOW dropped by 3.57% to 31,491.07. Oil bounced back after a 2 day drop…
Read MoreFinland and Sweden ready to join NATO prompted by Russia’s invasion of Ukraine
Finland and Sweden have handed in their formal applications to join NATO, while US has started preparing a military aid package to steer India away from Russian weapons. Russian military said that almost 1,000 Ukrainian troops left Mariupol, but this has not been yet confirmed by Ukraine. Russian stocks have climbed for a fourth consecutive day to its highest level in…
Read MoreUS stocks mixed, bonds yields rise amid analysis of growth, inflation & China covid risk
US Equities finished mixed, Bonds yields went northwards as some appearance of appetite for risk assets resurfaced but investors still concerned about global economic growth, surging commodity prices and monetary policy tightening. Consequently, the S & P 500 lost 0.39%% to close at 4.008.01, NASDAQ 100 declined 1.20% to close at 11,662.79 while DOW rose…
Read MoreUS stock futures fall on lower-than-anticipated China economic data
US equities finished higher while futures declined amid frail economic data from China fuelling worries about global outlook and wiping out the hopes of a rebound in risk assets. Although US stock prices closed positive on Friday, with S & P 500 up 2.39% to 4,023.89, DOW at 32,196.66, up 1.47% and NASDAQ 100 up…
Read MoreUS equities mixed, bonds yields rise as Powell brushes off views on higher interest rate increases
US Stocks finished mixed and Bonds yields rose amid Federal Reserve Chair Jerome Powell’s remarks dismissing the notion of higher interest rate hikes. Consequently, the S & P 500 lost 0.13%% to close at 3,930.08, DOW declined 0.33% to close at 31,730.30 while Nasdaq 100 rose by 0.06% to 11,370.96. The yield on 10-year USTs…
Read MoreUS equities fall on inflation concerns
U.S. stocks dwindled as markets struggled with the monetary policy effects of the hotter than expected CPI report coupled with worries over rising interest rates and a slowdown in economic growth. Consequently, the S & P 500 lost 1.65%% to close at 3,935.18, Nasdaq 100 dropped by 3.18% to 11,364.24 while DOW declined 1.02% to…
Read MoreUS equities mixed; bonds yields decline ahead of US CPI report
US stocks finished mixed and Bonds yields went southwards as markets gauged ongoing effects of Fed’s plan to control inflation and the possibility of an economic slowdown. Consequently, the S & P 500 gained 0.25%% to close at 4,001.05, Nasdaq 100 rose by 0.98% to 11,737.67 while DOW dropped 0.26% to close at 32,160.74. The…
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