MeritKapital News

U.S. markets finished Friday’s session higher despite hawkish comments from FED’s official during last week. Investors are weighed stronger inflation data that expected as CPI and PPI slowing in October. During Friday’s trading session, the Dow Jones added 199.4 points or 0.6% to 33,745.7, the S&P 500 gained 18.8 points or 0.5% to 3,965.3 and…

Correction after the recent strong growth on Wall Street continues. On Thursday on the side of “bears” was the head of the St. Louis Fed and concurrently the main hawk J. Bullard. In his opinion, the Fed will tend towards higher rates, and the minimum level of monetary policy tightening should be at around 5-5.25%…

U.S. markets finished Wednesday session lower as focus on increased fears of a tougher policy of the Fed, which was facilitated by the statistics on retail sales. U.S. data, released Wednesday, showed October retail sales rose 1.3%, more than expected, suggesting that the U.S. economy was holding up despite soaring inflation, denting hopes for a…

Wall Street ended with another positive session on Tuesday despite the volatile – inflation report showed producer prices rising 8% y/y in October against an estimated 8.3% rise, which indicated a further reduction in price pressure. Retailer shares were in demand while Walmart jumped 6.5% to 147,44 points after its annual sales and profit forecast.…

Monday’s trading session ended lower on Monday while real estate and discretionary sectors leading broad declines, as investors digested comments from Fed’s officials about plans for interest rate hikes and looked for next catalysts after last week’s big stock market rally. The Dow Jones fell 211.16 points, or 0.63%, to 33,536.7, the S&P 500 lost…

Last week closed in positive territory while investors focused on October inflation data in the US. On Wall Street, the highest demand remains on the high-tech sector, for which the expected reduction in the Fed’s rate hike is the most favorable. Some positive news in China on expectations of easing anti-COVID restrictions. But the global…

Thursday’s CPI data turned out much better than expected, which took the U.S. markets to the moon. Consumer prices rose 7.7% from a year earlier, down from 8.2% in September and clearly below the 8.0% consensus forecast. The headline rate of inflation has now fallen for four months in a row, from a peak of…

Another trading session on U.S. markets ended lower on Wednesday while investors focused on midterm elections. Meanwhile Republicans still lead the House of Representatives in terms of the number of votes, but their majority no longer seems so impressive, and the Senate vote may be postponed to a second round in December. Based on this…

U.S. markets finished Tuesday session higher with investors eye on midterm results. Republicans close to taking control of the House of Representatives. However, the Senate race looks too close to call at this point with many of the most competitive races still undecided. The S&P 500 is up about 7% from its October closing low,…

U.S. markets ended Monday’s trade session sharply higher with big tech Meta, Alphabet Microsoft best performers while investors focused on US midterm elections. Republicans could win these elections, which may be perceived by the market as a positive signal while they probably won’t make tax hikes and any extra expenses form the budget. On Wall…