[Chart courtesy of MarketWatch.com] Ahead of the Federal Reserve’s first interest rate cut in four years, the major indexes showed little change, with the magnitude of the easing remaining a significant unknown. However, after a midday bounce, the major indexes sold off and closed in the red. Historically, the Central Bank has typically signaled its next move to the markets, …
Bitcoin And Oil Prices Rally Amid Market Uncertainty
[Chart courtesy of MarketWatch.com] Better-than-expected retail sales provided an initial boost to the broad markets, while Microsoft’s announcement of a quarterly dividend hike further supported the tech sector. Additionally, Intel’s plans to make its foundry business a subsidiary led to a nearly 4% surge in its stock price. Retail sales reportedly rose by 0.1% in August, a significant divergence from …
Traders Brace For Fed Rate Cut Amid Market Divergence
[Chart courtesy of MarketWatch.com] Early in the session, the Dow Jones reached record territory, but the S&P 500 and Nasdaq struggled to maintain their initial bullish momentum, with the Nasdaq slipping below its unchanged line. Traders are eagerly awaiting one of the Federal Reserve’s most anticipated policy meetings, where the likelihood of the first rate cut since 2020 is nearly …
Gold Surges To New High Amid Stagflation Concerns
[Chart courtesy of MarketWatch.com] The major indexes initially opened lower but quickly rebounded, as traders ignored the latest Producer Price Index (PPI) report, which showed a 0.2% increase in wholesale prices for August, aligning with expectations. This followed the previous day’s Consumer Price Index (CPI) report, which indicated a rise in core prices, excluding the volatile energy and food categories. …
Nvidia’s CEO Sparks Market Rebound Amid Inflation Woes
[Chart courtesy of MarketWatch.com] Early trading saw equities take another dive as the latest inflation data wreaked havoc on the markets. However, following this significant downturn, a remarkable intraday recovery pushed the major indexes firmly into the green. This turnaround was largely driven by Nvidia’s CEO, who reassured investors by stating, “the demand for chips is so great, everyone wants …
S&P 500 And Nasdaq End In Green Amid Volatile Trading Session
[Chart courtesy of MarketWatch.com] The markets suffered a tumultuous day, initially edging higher before collapsing precipitously, only to regain their footing and ending with another winning session. Among the three major indexes, only the S&P 500 and Nasdaq managed to close in the green after this roller coaster ride. The tech sector has been struggling, with the XLK ETF losing …