Econ #s Archives - Page 15 of 61

3 minute read

Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns ‘Federal Debt Blob Is Out Of Control’

April 24, 12:22 PM

U.S. Treasury yields continue to rise, impacting mortgage market and economy. Bond ETFs down, mortgage rates highest since 2023, federal deficit concerns.

TLT

3 minute read

US Economy Expected To Grow 2.5% In Q1: Not ‘A Hard Landing And Hardly A Soft One’

By Piero Cingari

April 24, 9:49 AM

The U.S. GDP growth rate for Q1 2024 is highly anticipated, with expectations of a 2.5% increase. Goldman Sachs forecasts a more optimistic 3.1% growth, driven by factors such as lower mortgage rates and strong consumer spending.

SPY

2 minute read

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What’s Driving Markets Tuesday?

By Piero Cingari

April 23, 1:33 PM

Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.

BKR

2 minute read

US Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: ‘Drivers Of Inflation Have Changed’

By Piero Cingari

April 23, 10:22 AM

US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, while employment decreased.

QQQ

1 minute read

Geopolitical Relief Triggers Gold Selloff: Prices Dip Below $2,350 Mark, Mining Stocks Hit Hard

By Piero Cingari

April 22, 4:07 PM

Gold prices declined 2.7% in NY due to reduced geopolitical risks. Silver also fell 5.1%. Israeli officials averted a US-backed counterstrike on Iran, easing tensions. Gains were pared as Iran downplayed strikes and traders await key economic data. Mining stocks also dropped, with GDX and SIL falling over 3%.

2 minute read

Nasdaq 100 Notches Worst Day Since Late 2023, Worst Week Since Late 2022 As AI-Driven Chipmakers Tumble: Fed Can Take ‘The Rest Of The Year Off’

By Piero Cingari

April 19, 4:29 PM

The Nasdaq 100 index had its worst day since late October 2023, with a 2.1% drop and fourth consecutive week of declines. Tech stocks have been hit hard by mixed earnings, geopolitical risks, and Fed's reluctance for rate cuts.

ASML

2 minute read

Powell, Middle East Fears Weigh On Tech Stocks, Treasury Yields Hit 5%, Gold Notches Fifth Week Of Gains: This Week In The Markets

By Piero Cingari

April 19, 4:10 PM

The Nasdaq 100’s technology stocks wrapped up their fourth consecutive week in the red, marking their most dismal stretch and sharpest declines since late 2022, as investors opted to pocket profits against a backdrop of mounting concerns over inflation and geopolitical tensions.

BLK