MeritKapital News
Stocks rally on corporate earnings data
U.S. stocks ended up climbing to a fresh record on Thursday, even after fluctuating between gains and losses throughout the day as corporate earnings helped quell fears of rising inflation expectations. Meanwhile, the Cboe Volatility Index fell to its lowest level since Feb. 19, 2020. The S&P 500 climbed 0.30% to 4549.78. The Dow Jones Industrial…
Read MoreEnergy demand pushes oil higher
U.S. stocks were mixed after the close on Wednesday, as gains in the Telecoms, Utilities and Healthcare sectors led shares higher while losses in the Consumer Services, Technology and Industrials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average rose 0.43% to hit a new 1-month high, while the S&P…
Read MoreGhana’s central-bank governor addison warns on debt sustainability
U.S. and European futures edged lower. The S&P 500 closed near a record as traders weighed the corporate impact of supply-chain snarls and higher commodity prices while the 10-year U.S. Treasury yield was above 1.60%. The S&P 500 SPX rose to 4,519.63, within 0.4% of its Sept. 2 all-time high. The Dow Jones Industrial Average…
Read MoreBoE continues on rate hike trajectory
US stocks kicked off the mostly firmer, recouping losses after some early concerns over China’s growth slowdown in Q3. The NASDAQ led gains, up 0.84% amid a broad rally in tech while the S&P rose 0.34%; the DOW could not overcome early losses however, closing 0.10% lower. Yield on 10Y USTs closed firmer at 1.6002%.…
Read MoreAsian markets fall on negative data from China
We start this week with disappointing GDP data from China. China’s economy weakened in the third quarter, weighted by multiple headwinds from a property slump to an energy crisis. Mainland Chinese and Hong Kong equity market fell. Oil prices, meanwhile, hit new multi-year peaks, continuing their surge amid a global energy shortage. Bitcoin rallied ahead…
Read MoreStocks rally on economic outlook
Stocks rallied, propelling the S&P 500 to its best performance in more than seven months, after better-than-expected earnings and economic data eased concerns about the outlook for the economy. The S&P 500 climbed 1.71% to 4438.26. The Dow Jones Industrial Average gained 1.56% rising to 34912.56 while the Nasdaq Composite was higher by 1.73% at…
Read MoreU.S. Stocks Reverse 3-day Losing Streak After 3rd Quarter Earning
U.S. consumer prices showed an increase, while the minutes from last month’s Federal Reserve meeting showed policymakers’ growing concern about inflation and a general agreement to start tapering asset purchases soon. Rate-hike expectations was brought forward by traders but lowering the projected peak. The S&P 500 reversed a three-day losing streak at close yesterday, as…
Read MoreU.S. Stocks Close Lower for Third-Straight Day
The three major U.S. stock indexes closed lower for a third consecutive session Tuesday ahead of key inflation reading and kick-off to third quarter earnings season. The Dow shed 0.3%, the S&P 500 fell by 0.2% and the Nasdaq tickled down by 0.1%. The markets were quiet as investors await several upcoming catalysts; like September…
Read MoreNew Tunisia government sworn in after 11 weeks
US stocks kicked off the week lower ahead of ahead of a busy week with September CPI and the Fed meeting due while Q3 earnings kick in. The DOW closed 0.72% lower while the S&P and the NASDAQ shed 0.69% and 0.64% respectively. Treasuries opened lower on Tuesday, having not traded for Columbus Day on…
Read MoreAsian markets up, oil surgers and yields rise
We start this busy week in a risk on mood with gains in Chinese stock markets helping the sentiment. Rising treasury yields have lifted the dollar to a near three-year high against Japanese Yen. WTI has topped the psychological threshold of $80 for the first time since 2014. The third quarter earnings season kicks off…
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