Macro Economic Events Archives - Page 5 of 129

2 minute read

VIX Spikes 8% As Stocks Sink; Bonds, Gold Rise On Growth Concerns; Meme Stocks Roar, Peso Plummets: What’s Driving Markets Monday?

June 3, 1:32 PM

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity.

AMC

2 minute read

Treasury Yields Fall, Dollar Weakens As Manufacturing Activity Gauge Contracts More Than Expected

By Piero Cingari

June 3, 11:49 AM

Yields on the benchmark 10-year Treasury bond fell by nine basis points to 4.41%, marking the third straight day of declines.

TLT

1 minute read

ALX Oncology Reported Phase 1 ASPEN-07 Data In in Patients with Advanced Bladder Cancer AT ASCO 2024; Initial Activity Showed Tumor Reduction In The Majority Of Evaluable Patients

By Charles Gross

June 2, 10:13 AM

ALX Oncology Holdings Inc., (“ALX Oncology” or “the Company”) (NASDAQ: ALXO), an immuno-oncology company developing therapies that block the CD47 immune checkpoint pathway, today presented dataALX Oncology Holdings Inc., (“ALX Oncology” or “the Company”) (NASDAQ:

ALXO

2 minute read

Wall Street Snaps Five-Week Winning Streak, Economic Growth Slows, Inflation Holds Steady In April: This Week In The Market

By Piero Cingari

May 31, 4:15 PM

U.S. stock market ends 5-week positive streak due to slowing economic momentum, while Nvidia's valuation soars and home prices hit record highs.

COST

2 minute read

Tech Stocks Crumble As Wall Street’s 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What’s Driving Markets Friday?

By Piero Cingari

May 31, 1:44 PM

Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations.

BTC

2 minute read

Bank Of America Strategist Shifts To Bonds: Stock Sell-Off Prophecy On Benign Inflation Comes True

By Piero Cingari

May 31, 12:41 PM

Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.

QQQ

4 minute read

Are Rate Cuts Imminent After Fed’s Preferred Inflation Data Holds Steady? ‘Be-Careful-What-You-Wish-For Moment’

By Piero Cingari

May 31, 11:05 AM

Slowing consumer spending could lead to lower inflation. And if the Fed "can cut slowly as a result" then that will be good for markets.

SPY

2 minute read

Fed’s Preferred Inflation Gauge Matches Estimates; Personal Income, Spending Slow More Than Predicted

By Piero Cingari

May 31, 8:43 AM

The headline inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations.

SPY

2 minute read

Fed’s Favorite Inflation Data Due Friday: How Could Markets React To Surprises?

By Piero Cingari

May 30, 3:09 PM

The highly anticipated PCE price index, a key measure of inflation, will be released on Friday. Investors await the data, which could impact interest rates and asset prices.

AMZN

2 minute read

Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What’s Driving Markets Thursday?

By Piero Cingari

May 30, 1:57 PM

Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.