[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 …
Gold Soars, Bitcoin Whipsaws: Market Awaits Inflation Numbers
[Chart courtesy of MarketWatch.com] Ahead of key inflation data points, the markets fluctuated but maintained a somewhat bullish sentiment. The Dow showed the most weakness, lagging the S&P 500 and Nasdaq. Nvidia’s 2% surge helped the Nasdaq take the lead. Wednesday’s consumer price index (CPI) report for July will be crucial. Any improvement could raise hopes that the Federal Reserve …
Bears Take Control: Dow Suffers Worst 5-Day Start In Six Years
[Chart courtesy of MarketWatch.com] After yesterday’s comeback session, bullish sentiment persisted in the markets as traders attempted to recover some of the recent losses. However, the bears ultimately took control, causing major indexes to reverse and close in the red. The Dow experienced its worst five-day start to a month in six years. The tech sector failed to maintain its …