[Chart courtesy of MarketWatch.com] In anticipation of the minutes from the latest Federal Reserve policy meeting, traders pushed the major indexes higher, as sentiment turned bullish following yesterday’s pause. The latest retail earnings presented a mixed picture, with Target rallying 15% while Macy’s stock dropped more than 12%. While the Central Bank maintained its stance and left rates unchanged at …
Economic Indicators Signal Weakness: Gold Surges, Small Caps Hammered
[Chart courtesy of MarketWatch.com] Equities slipped early on, as bullish sentiment faltered slightly after the consistent recovery over the past week, with the S&P 500 registering eight straight winning sessions. Reduced volatility was the main contributor after the disastrous start to August. Earnings reports were mixed, with Palo Alto Networks jumping while home retailer Lowe’s dropped after poor revenue and …
Markets Rebound Despite Early Slips And Economic Concerns
[Chart courtesy of MarketWatch.com] Coming off a winning week, the major indexes initially slipped but managed to regain their footing, closing in the green once again. The markets went through a significant downturn in early August due to the Japanese yen debacle and disappointing jobs data, which heightened traders’ concerns that the Federal Reserve was lagging in easing its interest …
Retail Sales Boost Equities, But Economic Concerns Persist
[Chart courtesy of MarketWatch.com] The major indexes surged right after the opening bell, driven by growing trader confidence that a recession could be avoided due to better-than-expected retail sales. The July retail numbers reportedly increased by 1%, significantly surpassing the forecast of 0.3%, while volatile jobless claims fell for the week. However, revisions are likely on the horizon, as ZH …
Confusing Session: Mixed Results Across Markets
[Chart courtesy of MarketWatch.com] Equities scored moderate gains, led by the Dow, as the much-anticipated Consumer Price Index (CPI) fell below the 3% mark, coming in at 2.9%, its lowest reading since 2021. Month-over-month prices increased by 0.2%, aligning with expectations, as did core inflation, which excludes food and energy. This follows a better-than-expected Producer Price Index (PPI) report, which …
Major Indexes Climb As PPI Rises Modestly, Traders Eye CPI And Nvidia Earnings
[Chart courtesy of MarketWatch.com] The major indexes experienced an upward climb as the Producer Price Index (PPI) increased by only 0.1% last month, compared to the anticipated 0.2% rise for July, which would have matched the previous month’s increase. This modest rise in PPI provided hope for those advocating for a dovish shift in Federal Reserve policy. However, it also …