Market Summary Archives - Page 6 of 11

2 minute read

Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What’s Driving Markets Wednesday?

May 15, 1:36 PM

The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.

AMC

4 minute read

Economists React To Inflation, Retail Sales: ‘The Soft Landing Narrative Is Still A Possibility But Not A Guarantee’

By Piero Cingari

May 15, 12:13 PM

Inflation and retail sales slowed, signaling weaker consumer spending. Traders reacted by betting on Fed rate cuts, boosting S&P 500 and Nasdaq 100 to record highs, while bonds also surged. Economists remain optimistic but cautious.

QQQ

2 minute read

S&P 500, Nasdaq 100 Hit Record Highs As Benign Inflation Data Supports Fed Rate Cut Prospects

By Piero Cingari

May 15, 9:39 AM

April inflation and retail sales data sparked rallies in risky assets, as traders bet on Fed rate cuts. S&P 500, Nasdaq 100 hit record highs.

AMD

2 minute read

US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets

By Piero Cingari

May 15, 8:38 AM

U.S. April inflation below expectations, may prompt Fed rate cuts. Retail sales up, but inflation rates down. Market reactions: bond yields, dollar down, stocks up.

QQQ

2 minute read

Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What’s Driving Markets Tuesday?

By Piero Cingari

May 14, 1:58 PM

Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.

AMC

3 minute read

Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally

By Piero Cingari

May 14, 1:24 PM

President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.

FCEL

2 minute read

Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What’s Driving Markets Monday?

By Piero Cingari

May 13, 1:47 PM

Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.

$DOGE

3 minute read

Yellen Calls For Fair Trade With China, Urges Other Central Banks To Limit Currency Interventions

By Piero Cingari

May 13, 12:04 PM

Janet Yellen emphasizes U.S. role in critical industries and reducing reliance on China. Supports Biden's budget proposals for economic growth and fair taxation.

FXY

2 minute read

Kashkari Vs. Goolsbee, Hawk Vs. Dove: What’s Next For The Fed?

By Piero Cingari

May 10, 3:46 PM

Fed official Kashkari says "this is about equivalent to as much tightening as we did in the 1994 timing cycle." Goolsbee agrees.

SPY

2 minute read

Stocks Pause On Dismal Consumer Confidence; Yields, Dollar Rise As Inflation Expectations Kick Higher, Bitcoin Sinks: What’s Driving Markets Friday?

By Piero Cingari

May 10, 12:45 PM

A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures.

ANET