Today’s Analysis

    20 June 2023
    Markets Close on Monday for Juneteenth Holiday Following Strong Week and Fed’s Rate Hike Decision

    In observance of the Juneteenth holiday, the regular trading session was suspended on Monday, providing investors with a break after a positive week. Despite minor slips on Friday, the S&P 500 and the Nasdaq Composite recorded their best weekly performances …

    16 June 2023
    Stocks Surge as Investors Anticipate Fed’s Pause on Rate Hikes

    On Thursday, the Dow Jones Industrial Average experienced a significant rally, surging over 400 points, and the S&P 500 reached a 13-month high. Investors speculated that the Federal Reserve would refrain from further interest rate hikes after the central bank …

    15 June 2023
    Stock Market Reacts to Fed’s Mixed Signals on Rate Hikes and Inflation

    Stocks experienced volatility on Wednesday as the Federal Reserve took a pause in its rate-hiking campaign while signalling progress in combating inflation. Despite this, the central bank also indicated its intention to implement two more rate hikes later in the …

    14 June 2023
    Stocks Rise on Slowing Inflation Data, Fed Rate Hike Speculation

    Stocks climbed as new inflation data revealed a slowdown in price pressures in May, fueling optimism among investors that the Federal Reserve might opt to forgo a rate hike during its upcoming policy decision this week. The Dow Jones Industrial …

    13 June 2023
    S&P 500 Surges to 13-Month High Amid Optimism Over Fed Rate Hike Decision

    The S&P 500 soared to its highest level in over a year as traders anticipated that the Federal Reserve would refrain from raising interest rates during their policy meeting. The index closed at 4,338.93, surpassing its previous high from August …

    9 June 2023
    U.S. Stock Futures Dip Despite S&P 500’s Record High; DocuSign Surges After Beating Expectations

    U.S. stock futures experienced a slight decline on Thursday night, even as the S&P 500 reached its highest closing level of the year. Dow Jones Industrial Average futures dropped by 54 points, equivalent to 0.16%, while S&P 500 futures saw …

    8 June 2023
    Market Fluctuates Near Highs as Tech Boost Fades, Regional Banks Surge, and Trade Deficit Widens

    On Wednesday, both the S&P 500 and Nasdaq Composite closed lower, hovering near their highest closing levels since August 2022. The S&P 500 slipped by 0.38%, settling at 4,267.52, while the Nasdaq Composite declined by 1.29%, ending at 13,104.89. However, …

    7 June 2023
    S&P 500 Hits Highest Close of 2023, Coinbase Faces SEC Lawsuit

    On Tuesday, the S&P 500 reached its highest close since the beginning of 2023, reflecting a recent rally that propelled the index to its strongest level in nine months. The broad-market index added 0.24% to finish at 4,283.85, marking its …

    6 June 2023
    Stocks Slip as Market Consolidates Gains, Eyes Fed’s Inflation Target

    On Monday, the S&P 500 ended the day lower, wiping out earlier gains that had brought the index to its highest level in nine months. The S&P 500 lost 0.2%, closing at 4,273.79, while the Nasdaq Composite dipped 0.09% to …

    2 June 2023
    Stocks Rise as U.S. House Passes Debt Ceiling Bill, Earnings Reports Impact Market

    Stocks experienced gains as the U.S. House of Representatives successfully passed a debt ceiling bill, reducing the risk of a default. Despite a 4.7% decline in Salesforce shares following their earnings report, the Dow Jones Industrial Average rose by 0.47%, …

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