Most U.S benchmark Indexes closed higher for the third week in a row on surprising CPI data in May and the support of Monetary policy. S&P-500 Breaking its Record. The Tech index Nasdaq-100 showed a momentum of nearly 2%. The midcap index Russel-2000 outperformed. However, The industrial index Dow-30 retreated about -0.8%. Read more…
The U.S stocks closed higher modestly for the week. The U.S. economy added 559K jobs in May compared with 278K in April but below market forecasts of 650K. That leaves employment about 7.6 million jobs below its peak in February 2020. Source (https://www.bls.gov/). The 10-year U.S. Treasury bond yield slipped Read more…
Despite the mixed economic data, global markets edged higher and back to track on earnings reports. For Q1 2021 (with 95% of the companies in the S&P 500 reporting actual results), 86% of S&P 500 companies have reported a positive EPS surprise, and 76% of S&P 500 companies have reported Read more…
There was a mixed movement in the global market by the mixture effect of positive economic data and the rising inflation concerns. The rally on Thursday offsets the early losses in the first three trading days of the week. The U.S. benchmark indexes traded a range between -0.5% to 0.3%. Read more…
The U.S inflation data drag stocks down from their peak. The U.S. benchmark indexes slipped over -4%, and they recovered to the moderate decline level after the late rally in the market on the April Consumer Price Index (CPI) last Wednesday, which rose 4.2% from a year ago and 0.8% Read more…
U.S. Indexes were in a Mixed Direction With The Mixed Sentiments! The U.S Indexes were in a mixed direction on the job report last week. The economy generated 266,000 new jobs in April, far below expectations for a gain of nearly 1 million. The unemployment rate rose from 6.0% to Read more…
Stocks Declined Modestly. The Sentiment Remains Mixed! Stocks declined modestly, but the S&P 500, the Nasdaq Composite, and the S&P MidCap index reached record highs before losing their gains. As of Friday, 86% of the S&P 500 companies that had reported first-quarter results exceeded analysts’ earnings estimates, according to FactSet( Read more…
Stocks Closed Higher With The Mixed Global Sentiment! Most global stocks closed higher, about 1%, for the week and move to new highs as earnings seasons begins. The U.S retail sales also soared 9.8% compared with Feb 2021. Most of the top benchmarks Indexes recorded their fourth consecutive week of Read more…
The U.S Tech Stocks Outperformed! But Sentiment Turns into Negative! The U.S tech stocks outperformed, and most stocks hit new highs on jobs and payroll data. The top U.S benchmark Indexes sustained a momentum above 2%. However, the small-cap Index Russel-2000 declined modestly, about -0.4%. Despite the vital labour market Read more…
Most Global stocks were making the historical high. The U.S benchmark Index S&P-500 hit the 4K marks on Biden’s new $2.25 trillion sweeping infrastructure proposal to spend over eight years on infrastructure, manufacturing, research and development, and clean energy. The U.S consumer confidence increased to its highest level since the Read more…