MeritKapital News

U.S. markets had a volatile trading session and ended sharply lower on Wednesday, while Jerome Powell signals that Fed not close to done with rate hike. The Fed raised rate by 0.75% as expected and the target federal funds rate was set in a range between 3.75% and 4.00% but Investors had been disappointed that after…

U.S. markets closed lower on Tuesday after data suggesting that the labor market remains on solid ground overshadowed hopes that the Fed may have enough reason to start cutting back on its rate hikes. The Dow Jones dropped 0.24%, to 32,653.2, the S&P 500 lost 0.41%, to 3,856.1 and the Nasdaq Composite fell at 0.89%, to 10,890.85. DXY index which…

U.S. stocks finished higher on Friday as the market sift through another heavy dose of earnings and economic data.  Dow member Intel topped projections and announced $10 billion in cost reductions while Dow Jones component Chevron and Exxon trounced expectations. On the economic front, personal income and spending were upbeat, and consumer sentiment was revised…

U.S. stocks declined on Thursday to give back some of the early-week rally ahead of today’s key September nonfarm payroll report. Inflation pressures that have forced central banks tightening monetary policy across the world remain a focus of the global markets and the equity markets rallied on optimism that appeared to emerge regarding a potential…

U.S. stocks finished lower on Wednesday while data showed steady growth in private-sector jobs and service sector indicating more scope for the Fed Reserve to continue with its interest rate hike. The data released showed that private-sector payrolls rose by 208,000 in September. The economic calendar showed ADP private sector job growth was roughly in…

U.S. stocks ended Tuesday’s session with explosive gains with all the three major stock benchmarks hitting their largest two-day percentage-point gains since April 2020. Market strategists pointed to several factors helping drove stocks higher, some believe stocks had certainly reached oversold conditions, “growing speculation that central banks could soon pivot towards a more dovish stance”…

U.S. stocks ended the day with one of its biggest gains in more than three months on Monday, as investors factored in the possibility that the Fed Reserve might be forced to back away from aggressively tighter monetary policy. The markets are rebounding as Treasury yields fall from recent spikes that have come from aggressive…

U.S. Stocks declined on Friday with major indexes posting their lowest finishes since 2020 as investors grew more fearful that aggressive interest rate hikes by the Fed Reserve will drive the economy into a downturn to quell inflation. Again, investors on Friday digested a reading from the personal consumption expenditure (PCE) inflation index for August,…

U.S. stocks ended sharply lower on Thursday, giving back previous day solid advance that was boosted by the BoE decision to purchase bonds to try to stabilize its financial system. Also, an unexpected drop in weekly initial jobless claims seems to be keeping expectations intact as the Fed Reserve will continue with its aggressive interest…

The Dow closed higher as the Bank of England’s intervention calmed investor worries, triggering a slump in U.S. The 10-year Treasury yield slumped to 6.5% to 3.73 level, pulling back from 15-year highs. The move put pressure on U.K. government bond yields, which trade inversely to prices, dragging other sovereign bonds including U.S. Treasury yields lower. At…