MeritKapital News
Dollar edges higher, S&P ends slightly down on mixed earnings
US equities finished mixed on Tuesday with Dow Jones rising 0.3% to 33,734, S&P shedding 0.1% to 4,017 and the Nasdaq declining 0.3% to 11,334. Corporate results from several Dow members were in focus with 3M missing the estimates, Verizon Communications and Travelers Companies reporting in line with expectations, while Johnson & Johnson reported some disappointing…
Read MoreUS growth stocks rebound supports rally, EU waits for ECB actions
US equities on Monday continued rally, powered by tech rebound and followed by mostly better-than-expected companies’ results reporting: Dow Jones rose 0.76% to 33,629, the S&P 500 climbed back over 4,000, ending up 1.2% to 4,019, and the Nasdaq soared another 2% to 11,364, mostly driven by semiconductor sector. Treasury yields traded a bit higher,…
Read MoreEuropean chares higher ahead, US dollar lower on slower Fed hikes
US equities finished higher on Friday and mixed for the last week, with the Dow and S&P posting their first weekly declines since the start of the new year. Dow Jones rose 1% on Friday to 33,375, the S&P 500 climbed 1.9% to 3,973 and the Nasdaq soared 2.7% to 11,140. Netflix fell well short…
Read MoreUS and EU markets under pressure on fears of recession
US equities market finished lower on Thursday, as solid labour market data created investors’ concerns about more aggressive strategy by Fed in terms of rate hikes that could result in recession. Dow Jones and the S&P were down 0.76% to 33,044 and 3,898, while the Nasdaq declined 1.0% to 10,852. Manufacturing and housing data also…
Read MoreU.S. stocks fell after data showed a cooling economy
US equities market finished lower on Wednesday, paring some of the gains seen year-to-date. Dow Jones tumbled 1.8% to 33,297, the S&P fell 1.6% to 3,929 and the Nasdaq declined 1.2% to 10,957. There was a lot of mixed data with retail sales falling more than expected, producer price index cooling off, industrial production dropping…
Read MoreEuropean stocks largely unchanged, dollar edges lower
US equities market finished mixed on Tuesday after a three-day holiday weekend. Dow Jones fell 1.1% to 33,911, the S&P lost 0.2% to 3,991, while the Nasdaq increased 0.1% to 11,095. Q4 earnings season continued to heat up with differing results from Dow members Goldmans Sachs and Morgan Stanley, while Travelers Companies warned of results…
Read MoreEuropean stocks slip lower, sterling rises on UK job data
US market was closed for Martin Luther King holiday on Monday and will reopen today. US stocks closed higher last week with Dow Jones rising 0.3% to 34,303, the S&P increasing 0.4% to 3,999 and Nasdaq advancing 0.7% to 11,079 following softer consumer prices and a positive start of Q4 earnings season. Dollar edged off…
Read MoreDollar stabilizes, Dow futures little changed ahead of US holiday
US stocks finished higher on Friday and were up on the week, as markets reacted to a host of results from the banking sector that kicked off Q4 earnings season. Dow Jones rose 0.3% to 34,303, the S&P increased 0.4% to 3,999 and Nasdaq advanced 0.7% to 11,079. Bank of America, Wells Fargo and JP Morgan…
Read MoreWall Street ends higher on optimism ahead of key inflation report
US stocks finished sharply higher on Wednesday with the Nasdaq on a four-day winning streak. The Dow Jones rose 0.8% to 33,973 the S&P gained 1.3% to 3,970 and the Nasdaq increased 1.8% to 10,932. However, the caution prevailed ahead of today’s consumer price inflation report and Q4 season start on Friday. Dollar stabilized in…
Read MoreU.S. and european stocks higher. CPI in focus after powell fails to provide lead
US stocks finished higher on Tuesday in a choppy trading session. Concerns over higher interest rates were in focus with inflation data to be released later this week. Dow Jones rose 0.6% to 33,704, the S&P 500 gained 0.7% to 3,919 and the Nasdaq increased 1% to 10,743. The economic calendar was relatively quiet with…
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