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DAILY MARKET ANALYSIS

Stay on top of your trading with analyses of the latest market news.

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 …

5 June 2023

Week Ahead: Markets to Focus on US ISM Services PMI, and RBA and BOC Rate Statements

In the week ahead, market participants will turn their attention to key economic events including the US ISM Services PMI, as well as rate statements from the Reserve Bank of Australia (RBA) and the Bank of Canada (BOC). As analysts …

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DAILY MARKET ANALYSIS

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