MeritKapital News
Dollar slips lower, Fed interest rate path, china’s reopening in focus
US equities rose sharply higher on Friday, as investors digested a robust December non-farm payroll report and the ISM Services Index that unexpectedly tumbled into contraction territory. Dow Jones rose 2.1% to 33,631, the S&P climbed 2.3% to 3,895 and Nasdaq rose 2.6% to 10,569. US Dollar surprisingly slipped with DXY falling this morning 0.4%…
Read MoreEuropean stock futures are higher; Eurozone inflation, U.S. payrolls are in focus
US equities traded lower on Thursday as the markets continued to speculate as to how long Fed would keep its monetary policy tight. Dow Jones lost 1% to 32,930, the S&P fell 1.2% to 3,808 and the Nasdaq went down 1.5% to 10,305. Jobs data pointed to a tight labor market, as the ADP came…
Read MoreWall Street closes higher after Fed minutes confirm inflation focus
US equities finished slightly higher paring the losses of the early start of 2023. Dow Jones increased 0.4% to 33,270, S&P 500 advanced 0.8% to 3,853 and the Nasdaq was up 0.7% to 10,459. Treasury yields continued to drop with 2-year note losing 3 bps to 4.24% and the 10-year note losing 10 bps to…
Read MoreWall Street starts the year with a dip, Apple and Tesla shares drag
US equities finished lower on the first day of trading giving up early gains. Dow Jones lost 11 points to 33,136, S&P declined 0.5% to 3,824 and Nasdaq was down 0.8% to 10,387. Equity news was light at the beginning of the year, but Tesla shares fell after company missed on Q4 results expectations. Treasuries…
Read MoreDollar soars ahead of Fed minutes, jobs data
US equities closed 2022 in the red with all three major indices registering solid losses for the year. The stock market posted its worst yearly decline since 2008. On the last trading day of the year Dow Jones decreased 0.2% to 33,147, the S&P 500 Index declined 0.3% to 2,840 and Nasdaq went down 0.1%…
Read MoreU.S. market rose due good demand in tech
Sentiments on the Wall Street improved quite sharply, and to somehow brighten up the not impressive dynamics of December, recent outsiders – Tesla and FAANG – were in the greatest demand. The high-tech Nasdaq added more than 2.5 percent, in today’s trading session in Asia, tech sector is also showed best performance. The Dow Jones…
Read MoreAnother weak session on Wall Street with focus on real estate market data
U.S. stocks fall for the second day in a row after the Christmas holidays, weak real estate data increase recession risks. The Dow Jones Industrial Average dropped 150 points or 0.5% to 33093. S&P 500 traded 0.64% lower to 3805, while the Nasdaq Composite sold off 0.8%, coming off a more than 1% loss to start the…
Read MoreWeak trading session on Wall Street due Tesla fell
The first day after a long weekend was marked by a decline in major US indices. The main trigger for risk-off was disappointing data from Tesla, which stated that the company would be forced to cut production at its plant in Shanghai. Shares of the company fell 11.4% to their lowest level this year at…
Read MoreRetail sales rose in U.S. holiday season
U.S. retail sales from November 1 to December 24 rose 7.6% year-on-year, according to Mastercard. Online commerce is growing at a faster pace (+10.6% yoy). Consumption continues to increase, but not at the expense of electronics – sales of gadgets have fallen (minus 5% y/y). However, this year’s holiday retail sales growth is less than…
Read MoreU.S. market under the pressure, Fed keeping hawk tone
Negative sentiment returns as future Fed tightening moves front and centre. Initial jobless claims for the week ended Dec. 17 rose less than forecast, as a sign of strength in the labour market. US GDP in the third quarter was revised up to 3.2% – compared with the previous estimate of 2.9%. High-tech sector was…
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