What Did Global Markets Do Today While US Was Sleeping?
On Friday, the U.S. markets ended mixed, as gains in energy, utilities, and consumer staples stocks offset losses in mega-cap growth stocks, resulting in an almost flat S&P 500.
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What Did Global Markets Do Today While US Was Sleeping?
On Friday, August 11, the U.S. markets ended mixed, reflecting concerns that the Federal Reserve's efforts to control inflation aren't complete.
Producer prices in the U.S. increased 0.3% month-over-month in July, following a revised flat reading for June.
Global Markets Today While US Was Sleeping
On Thursday, August 10, the U.S. markets closed in green after the release of the recent inflation data. Gains in the Consumer Services, Telecoms, and Technology sectors led stocks higher.
Global Markets Today While US Was Sleeping
On Wednesday, August 9, the U.S. markets closed lower, ahead of the monthly update on inflation for July due Thursday.
Global Markets Today While US Was Sleeping
On Tuesday, August 8, the U.S. markets closed in the red after credit rating agency Moody's (NYSE: MCO) downgraded several banks, reigniting concerns about the soundness of U.S. banks and the economy.
Global Markets Today While US Was Sleeping
On Thursday, August 3, the U.S. markets ended in red as investors assessed the latest economic data and earnings batch.
Eight of the eleven main S&P 500 sectors declined, with more interest rates sensitive sectors like Utilities and Real Estate leading losses.
July's nonfarm payrolls, average hourly earnings, and unemployment rate data are awaited today.
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Global Markets Today While US Was Sleeping
On Wednesday, August 2, the U.S. markets closed lower after Fitch downgraded the long-term credit rating of U.S. NASDAQ fell as traders focused on the downgrade of U.S. debt and rising Treasury yields.
Major indices had no boost from the better-than-expected ADP Employment Change report, which indicated that private enterprises gained 324,000 jobs in July.
Global Markets Today While US Was Sleeping
On Tuesday, August 1, the U.S. markets ended mixed as investors digested the latest round of quarterly results and economic data.