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9 August 2023

Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil

Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or …

8 August 2023

Dow Jones Surges on Upbeat Earnings and Inflation Outlook

The Dow Jones Industrial Average commenced the week with a robust surge of 1.16%, gaining 407.51 points to conclude at 35,473.13, marking its most substantial upswing since June 15. Buoyed by a nearly 4% rally from Amgen, the blue-chip index …

7 August 2023

Week Ahead: All Eyes on US Consumer Price Index and Producer Price Index

Several key market events are expected to influence the financial markets this week. Specifically, the highly awaited US Consumer Price Index and Producer Price Index will be released. In light of these crucial announcements, we advise traders to approach their …

4 August 2023

S&P 500 Faces Third Consecutive Day of Declines Amidst Rising Bond Yields

The S&P 500 continued its decline for a third day in a row, grappling with the impact of rising bond yields and mixed corporate earnings results. The index fell 0.25%, closing at 4,501.89, while the Dow Jones Industrial Average also …

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