The U.S market closed lower, about -0.52% to -5.22% as a weekly loss on monthly inflation data. The midcap stocks tumbled over -5%. The Russell 2000 Index has declined more than 7% versus a 1% gain for the large-cap Russell 1000 Index. According to the Fact set, 85% of the Read more…
The global stocks have no clear direction. The top U.S benchmark indexes modestly edged higher, about less than 0.5 %. However, The midcap index Russel-2000 declined more than -1% as a weekly loss. The large-caps and growth stocks outperforming for the second consecutive week. Energy stocks fared worst on concerns Read more…
The global market witnessed mixed directions. The top U.S benchmark indexes continue to rally about 1 to 2% weekly gain on the positive weekly jobs report. The tech index Nasdaq-100 outperformed. However, the midcap index Russel-2000 declined below -1%. The S&P 500 hit its new high for 2021, adding to Read more…
FED, drag the market lower. The U.S benchmark indexes declined about -0.28% to -4.08% on the recent FED meeting deliver a hawkish surprise, signalling earlier tapering and rate hikes. The U.S midcap index Russel-2000 underperformed. The cyclical stocks, those most reliant on economic growth, drag the Dow index about -3.45%. Read more…
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…
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…