Forex

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.

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.

On Tuesday, August 1, the U.S. markets ended mixed as investors digested the latest round of quarterly results and economic data.

On Monday, July 31, the U.S. markets closed higher, ending July on a positive note, with second-quarter results stronger than anticipated.

Friday, July 28, the U.S. markets ended higher following big tech earnings, economic data, and central bank comments that lifted investor confidence.

Thursday, July 26, U.S. markets ended lower, with Dow Jones breaking its longest winning streak after gains for 13 consecutive sessions. The U.S. economy grew by an annualized 2.4% (QoQ) in Q2, compared to 2% in the prior period and higher than market estimates of 1.8%. 

Wednesday, July 26, the U.S. markets closed mixed after the Federal Reserve hiked interest rates by 25 basis points, taking rates to a target range of 5.25% to 5.5%. 

On Tuesday, July 25, the U.S. markets closed higher, with the Dow Jones maintaining its winning streak. Feds Interest rate decision awaited, with most market participants expecting a 25 basis-point rate hike.