[Chart courtesy of MarketWatch.com] After the intense selling pressure during the first three trading days of August, which drove the S&P 500 down by over 6%, equities rebounded today, recovering some of their losses. Whether this marks the end of the downturn or is merely a relief bounce remains uncertain. The tech sector also saw a recovery, with major players …
Nikkei’s Worst Day Since 1987 Sparks Worldwide Market Turmoil
[Chart courtesy of MarketWatch.com] Last week’s selloff spread globally and accelerated this morning as traders grappled with fears of a U.S. recession. The downturn began in Japan, where the Nikkei plummeted over 12%, marking its worst day since the 1987 Black Monday crash. Contributing to the turmoil was Japan’s recent decision to hike interest rates, which disrupted the highly leveraged …
Weak Economic Data Sparks Market Downturn, Nasdaq Drops 2.3%
[Chart courtesy of MarketWatch.com] The markets faced a significant downturn today, as weak economic data erased an early rally. Major indexes dipped into the red, with the Nasdaq dropping 2.3%, effectively wiping out most of yesterday’s gains. Initial jobless claims surged to 249,000 for the week ending July 27, surpassing the estimated 235,000. Additionally, the ISM manufacturing index, which reflects …
Tech Titans Lead Nasdaq Rally Amid Earnings Surprises
[Chart courtesy of MarketWatch.com] The tech sector saw a significant boost, led by Advanced Micro Devices (AMD), which lifted the Nasdaq to an impressive gain after surpassing second-quarter expectations. Nvidia followed suit, achieving its largest single-day gain ever at 12%. Meanwhile, Microsoft experienced a decline due to underwhelming cloud business performance but managed to recover by the close of trading. …
Market Volatility: Dollar Steady, Gold Rises, Bitcoin Nears $66k
[Chart courtesy of MarketWatch.com] The stock market opened on a positive note but soon fluctuated around their respective unchanged lines, as traders focused on earnings reports and the Federal Reserve’s policy meeting. By the end of the session, only the Dow managed to close in positive territory, while the S&P 500 and Nasdaq ended in the red. Interestingly, despite the …
Tech Giants’ Earnings And Fed Meeting Keep Markets On Edge
[Chart courtesy of MarketWatch.com] With a busy week of earnings ahead, the major indexes began the session on a positive note. However, after much fluctuation, they ended nearly unchanged. The tech sector is poised for significant movement as industry giants like Microsoft, Meta, Amazon, and Apple are set to report their earnings in the coming days. Additionally, the Federal Reserve …