Newsfeeds Archive - Page 53 of 150

2 minute read

S&P 500, Nasdaq 100 Aim For 8th Week Of Gains As Fed’s Inflation Gauge Cools: What’s Driving Markets Friday?

December 22, 2:04 PM

The S&P 500 and Nasdaq 100 indices are on the verge of achieving an impressive eight consecutive weeks of gains following a more significant decline than expected in the Federal Reserve’s favored inflation gauge in November, the Personal Consumption Expenditures

ANSS

3 minute read

Is Lower Inflation A Green Light For 2024 Interest Rate Cuts? Markets Are Ending The Year ‘Surprised,’ CIO Says

By Piero Cingari

December 22, 1:42 PM

The Personal Consumption Expenditures (PCE) index inflation dropped to its lowest since March 2021, with economists weighing in on Fed's strategy for rate reductions in 2024.,The market continued to demonstrate resilience, with the SPDR S&P 500 ETF Trust (ARCA: SPY) experiencing a slight uptick, rising by 0.3%.

GLD

2 minute read

Top Stories

Consumer Sentiment Upgraded, Home Sales Plummet: What Economic Data Means For Fed’s Next Move

By Piero Cingari

December 22, 12:17 PM

The University of Michigan Consumer Sentiment Index has been revised upward in December, now standing at 69.7, surpassing the initial estimate of 69.4.

DIA

1 minute read

Fed’s Favorite Inflation Gauge Cools More Than Expected, Cementing Rate Cut Expectations For 2024

By Piero Cingari

December 22, 9:34 AM

Prior to the November PCE report, speculators had factored in 162 basis points of interest rate cuts in 2024, equivalent to six 25-basis-point cuts.

UUP

2 minute read

Argentina’s Tango Stocks Dance On New Heights, But Milei’s Deregulation Efforts Face Congressional Hurdle

By Piero Cingari

December 21, 5:58 PM

President Javier Milei's agenda has sent Argentine stocks soaring, but congressional approval is still needed.

ARGT

2 minute read

US Stocks Bounce; Chipmakers, Cruise Lines Lead, Dollar Falls: What’s Driving Markets Thursday?

By Piero Cingari

December 21, 3:11 PM

On Thursday, Wall Street rebounded into positive territory, following a brief dip experienced on Wednesday. At midday trading New York time, all major stock indices were trading in the green as traders prepared for the final trading week of the year.

AMD

3 minute read

Soccer’s Legal Shockwave: Will EU Court’s Strike Against UEFA Monopoly Lead To Rise Of JPMorgan-Backed Super League?

By Piero Cingari

December 21, 1:39 PM

European football facing seismic shifts with EU ruling on Super League, with potential to reshape the sport globally. Court of Justice declared FIFA, UEFA rules in violation of EU law; potential for higher revenue streams for clubs, plus JP Morgan's financial backing.

BORUF

2 minute read

Thursday’s Economic Digest: Q3 GDP Revised Downward, Jobless Claims Hold Steady, Philly Fed Manufacturing Declines

By Piero Cingari

December 21, 9:45 AM

Thursday morning data showed downwardly revised Q3 economic growth, increased jobless claims, and manufacturing health decline in Philadelphia Federal Reserve district. US futures reacted positively premarket, SPY fell 1.4% on Wednesday.

SPY

2 minute read

US Regional Banks Set To Erase All Losses Post SVB Fallout: Can They Maintain Momentum In 2024?

By Piero Cingari

December 21, 9:43 AM

Regional banks enjoy an uptrend as stocks reach levels reminiscent of those during the onset of the Silicon Valley Bank crisis in March.

BOH

2 minute read

Wall Street Edges Higher, Small Caps Eye Best Month In 3 Years, Bitcoin Rebounds: What’s Driving Markets Wednesday?

By Piero Cingari

December 20, 2:47 PM

Stocks inched higher during midday trading in New York on Wednesday, with the momentum carrying over from the previous day when the tech-heavy Nasdaq 100 achieved fresh record highs.

AON