MeritKapital News
US market down on concerns about more interest rate hikes
US equities sink on Wednesday after previous rally, followed by Fed’s officials claiming concerns with inflation control and more interest rate rises as a controlling tool. The Dow Jones traded lower 0.61% to 33,949, the S&P Index lost 1.1% to 4117, and the Nasdaq ended down 1.7% to 11,910. Treasury yields did not change much from…
Read MoreMarkets lower, focus on Fed’s rhetoric and corporates earnings
US equities were traded in red zone on Monday, as economic data made investors consider that Fed may take more time before cutting rates, while investors still wait for the corporates earnings results of many major companies this week. The Dow Jones traded lower 0.1% to 33,891, the S&P Index lost 0.6% to 4136, and the…
Read MoreMarkets lower because of strong economic data, focus on corporates earnings results this week
US equities were traded in red zone on Friday, as economic data beating estimates and boost expectations of further rate hike, while investors wait for the corporates earnings results of many major companies this week. Among others, companies to show the reporting are Activision Blizzard, BP, Walt Disney, PepsiCo and PayPal Holdings. The Dow Jones traded…
Read MoreMarkets rally ended by U.S. tech giants weak results, no surprise in EU and UK interest rates
US equities were traded in mixed zone on Thursday. The Dow Jones traded lower 0.11% to 34,053, the S&P Index and the Nasdaq continued rally after Fed policy’s decision and Powell’s speech, rising 1.5% to 4179 and 3.25% to 12,200, correspondingly. But after today’s Amazon, Apple and Google repots missing estimates, all tech-giants stocks fell in…
Read MoreMarkets rally after Fed’s powell acknowledges disinflation started
US equities rallied on Wednesday after Fed announced 25 bps rate hike (as expected) and announced started disinflation. The Dow Jones traded almost flat, rising 0.02% to 34,092, the S&P Index added 1.05% to 4,119 and the Nasdaq was 2% higher at 11,816. Fed chair Jerome Powell, despite showing not hawkish message and announcing easing inflation…
Read MoreWall Street gains over 1% ahead of Fed decision
US equities finished higher on Tuesday, as investors awaited monetary policy decision form the Federal Reserve. The Dow Jones rose 1.1% to 34,086, the S&P Index added 1.5% to 4,077 and the Nasdaq was 1.7% higher at 11,585. Several earning results were in focus with McDonald’s beating the estimates and Caterpillar missing the forecasts. General Motors…
Read MoreDollar rises ahead of Fed, oil tumbles 2%
US equities finished lower on Monday trimming a strong start of the 2023. The Dow Jones lost 0.8% to 33,717, the S&P fell 1.3% to 4,018 and the Nasdaq tumbled 2% to 11,394. The economic calendar was quiet on Monday with all eyes on this week’s Central Banks meetings. The Fed is expected to raise…
Read MoreEuro higher after Spanish CPI, dollar lower ahead of busy central banks announcement week
US equities finished last week on a positive note with Dow Jones up 0.1% to 33,978, the S&P rising 0.3% to 4,071 and Nasdaq climbing 1% to 11,622. There were mixed earnings results with Visa exceeding expectations, while American Express missed forecasts but offered upbeat guidance. Chevron and Intel posted disappointed. News on economic front was…
Read MoreEuropean stocks higher ahead of US inflation figures
US equities finished higher on Thursday as Q4 GDP came better than expected, jobless claims unexpectedly fell, new home sales rose, and durable goods orders jumped. Dow Jones climbed 0.6% to 33,949, the S&P went up 1.1% to 4,060 and the Nasdaq rose 1.8% to 11,512. Treasury rates were mostly higher, as the yield on 2-year…
Read MoreCorporate results signal tough year for business, more focus on U.S. growth data
US equities finished with no dramatic changes on Wednesday, with Dow Jones rising 0.03% to 33,743, S&P fluctuating -0.02% to 4,016 and the Nasdaq declining 0.27% to 11,313. Microsoft’s results renewed investors fears on tough year for business, as company declared revenue growth at the slowest rate in six years, while Tesla slightly beat estimates on…
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