US equity indices were mixed on Friday, with the S&P 500 slightly lower on the day, just below 4,500. Meanwhile, the Dow gained around 0.5% and the Nasdaq 100 fell another 1.2%, reflecting rising US yields. Major US Stock Indices were mixed on Friday, with the S&P 500 ending the session unchanged near 4,500, the […]
Tag: Equities
Forex Today – Asian Session: Dollar Continues to Strengthen
What you should know on Thursday, April 7: The US dollar remained strong on Wednesday as the focus remained on geopolitical tensions and aggressive central banks. The President of the United States, Joe Biden, announced an executive order that will prohibit new investments in Russia. European leaders, for their part, failed to reach an agreement […]
S&P 500 falls below 4,500 ahead of FOMC Minutes
Major US stock indices fell on Wednesday as rising yields put large-cap tech stocks under selling pressure. The recent aggressive statements from the Fed are behind the move higher in yields, with the focus now on the Fed Minutes at 1900 BST. The S&P 500 fell more than 1.0% to 4,460 from Tuesday’s close of […]
Covid surges in China, lockdowns hit economy and AUD
A sharp contraction in activity in China’s services sector in March has offered a vision of how the latest lockdowns fueled by coronavirus outbreaks across the country are weighing on economic performance. It seems that there is no relief, since daily count of new covid infections continues to break records. China recorded the biggest increase […]
SP 500 dips below 4,550, looking for a test of recent lows near 4,500
US stocks reversed lower on Monday as traders weighed the escalation of sanctions and the Fed’s aggressive line speaking. The S&P 500 last fell 0.8%, the Nasdaq 100 lost almost 2.0% as US yields hit new multi-year highs. US stocks They reversed lower on Monday, initially weighed down by the prospect of tougher US and […]
S&P 500 to see modest gains towards 4,700 by year-end – UBS
While bond markets are signaling increasing risks, equity markets have been more positive. As of April 1, the S&P 500 was up 9% from its 2022 low on March 8 and just 5% below its all-time high.. UBS economists expect the S&P 500 index to rise slightly towards 4,700 points by the end of 2022. […]
S&P 500 index rises despite geopolitical woes
US stocks shrugged off geopolitical concerns and advanced Monday amid outperformance in large-cap technology stocks. Recent developments in the Russo-Ukrainian war increase the risk of an EU embargo on Russian energy imports and the breakdown of peace talks. But major US banks have become more optimistic about the outlook for the stock market. US stock […]
