[Chart courtesy of MarketWatch.com] The markets continued to build on last week’s rally, driven by the Fed’s 0.5% interest rate cut, the first in four years. Initially, the indexes fluctuated, but the S&P 500 managed a weekly gain of 1.4%, while the Dow reached a new all-time high. However, the usual array of economic indicators remains a wildcard, potentially derailing …
Bitcoin And Gold Rally As Stocks Hit Record Highs Amid Fed’s Rate Cut
[Chart courtesy of MarketWatch.com] After yesterday’s Federal Reserve’s policy change, the bulls took charge early, propelling the Dow and S&P 500 to record highs. This surge was bolstered by a report showing weekly jobless claims fell by 12,000 to 219,000, significantly below estimates. The tech sector embraced a “risk-on” mood, with Nvidia and AMD shares soaring around 5% and 4%, …
Fed’s Bold Rate Cut Sparks Market Volatility Amid Inflation Concerns
[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. …