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    Market Analysis

    30 August 2023
    Tech Stocks Rally as Nasdaq Gains Over 1% in August’s Final Days

    Investors rallied around tech stocks, propelling the Nasdaq Composite up by more than 1% on Tuesday, seeking respite in the closing stages of a challenging August for the market. The tech-centric index surged 1.74% to reach a closing figure of …

    29 August 2023
    Stocks Rebound as August Nears End, Tech Seeks Recovery

    Stocks started the final trading week of August on a positive note, with Wall Street striving to recover from a month of losses. The Dow Jones Industrial Average surged by 0.62%, gaining 213.08 points to close at 34,559.98. The S&P …

    28 August 2023
    Week Ahead: All Eyes on Australia’s CPI, US Core PCE Price Index, and US Jobs Report

    This week, keep a close watch on Australia’s Consumer Price Index (CPI), the US Core Personal Consumption Expenditure (PCE) Price Index, and the US Jobs Report. These indicators could substantially impact market sentiment, amplifying the need for traders to exercise …

    25 August 2023
    Tech Rally Fizzles as Stocks Tumble Amidst Fed Chairman’s Speech Anticipation

    In a dramatic turn of events, the stock market experienced a sharp decline following a brief surge triggered by Nvidia’s impressive quarterly results. As the tech rally faded, investors also braced themselves for a significant address from Federal Reserve Chairman …

    24 August 2023
    Stocks Rise on Nvidia Earnings Anticipation and Yield Decline, Athletic Apparel Struggles

    Stocks closed higher on Wednesday as investors awaited Nvidia’s latest quarterly earnings report, with the company being a top performer in the S&P 500 due to its association with the artificial intelligence trend. The Dow Jones Industrial Average rose by …

    23 August 2023
    Market Slide Fueled by Yield Concerns and Fed Anticipation: Powell’s Speech Awaited

    The S&P 500 experienced a 0.3% decline driven by concerns over rising Treasury yields and upcoming remarks from Federal Reserve Chairman Jerome Powell. The decline was also impacted by a drop in banking and retail shares. The Dow Jones Industrial …

    22 August 2023
    Stock Futures Stabilize as Nasdaq and S&P 500 Break Losing Streak Amid Rising Yields

    U.S. stock futures held steady after a month marked by losses across major indices, as the Nasdaq Composite and S&P 500 finally halted their four-day negative streak. Futures tied to the Dow Jones Industrial Average dipped slightly by 0.1%, while …

    21 August 2023
    Week Ahead: Markets to Focus on Manufacturing PMI and Services PMI

    This week, key economic players such as Germany, the UK, and the US will publish their flash manufacturing PMI and flash services PMI figures. These releases have the potential to impact market volatility. We advise traders to stay cautious and …

    18 August 2023
    Stock Market Slides as Rates Rise and Earnings Data Digs In

    The stock market endured its third consecutive session of decline as investors grappled with the latest earnings reports and economic indicators, compounded by a surge in interest rates to new highs. The Dow Jones Industrial Average experienced a notable drop …

    17 August 2023
    Stocks Slide as Fed Meeting Minutes Suggest Potential Rate Hike Amid Inflation Concerns

    Stock markets experienced declines on Wednesday as investors absorbed insights from the Federal Reserve’s July meeting, which hinted at the possibility of raising interest rates. The Dow Jones Industrial Average dropped by 0.52%, concluding at 34,765.74, while the S&P 500 …