Stock indices are in the red as existing home sales in the US for July fell below expectations, indicating ongoing difficulties in homeownership, while major retailers' earnings and concerns over persistent inflation are also impacting the market.
Despite Nvidia's strong earnings, stocks closed lower due to mixed economic signals and the decline of big tech stocks such as Tesla and Amazon.com. Investors are awaiting Jerome Powell's speech for insight into interest rates, while the 10-year Treasury yield climbed and Dollar Tree's stock fell.
The three major U.S. stock indexes ended down over 1% each, with the Nasdaq leading the decline, as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech and despite Nvidia's strong forecast and stock buyback announcement.
Stocks closed higher on Wall Street as economic reports indicated a cooling economy, potentially leading to a pause in interest rate hikes by the Federal Reserve.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Summary: U.S. stock markets closed mixed as the key inflation data for July showed steady price increases, with the Nasdaq up 0.1% and extending its winning streak to five days, while the S&P 500 closed down 0.2% and the Dow Jones Industrial Average fell 0.5%.
Wall Street closed August with declines, marking the worst month for the Dow, S&P 500, and Nasdaq Composite since earlier this year, while weak economic data and a cooling labor market have raised hopes that the Fed will maintain interest rates and provide growth opportunities for growth stocks like NVIDIA, Caterpillar, Amazon, Splunk, and Royal Caribbean Cruises.
Stock indices finished today’s trading session in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all falling. The technology sector was the session's laggard, while the utilities sector was the leader. The U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve's latest GDPNow reading estimates that the economy will expand by about 5.6% in the third quarter. The Federal Reserve released its Beige Book report, noting a tourism boom but slower spending in other areas. The ISM Non-Manufacturing Purchasing Managers' Index came in higher than expected, and mortgage applications fell to their lowest level since 1996. The U.S. trade deficit widened less than expected in July. U.S. stock futures inched lower, and European indices trended lower. Asia-Pacific markets were mixed.
Wall Street's major indexes closed slightly higher but posted weekly declines as investors remained concerned about rising interest rates and awaited U.S. inflation readings.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
The stock market opened positively, with the Nasdaq up 0.6%, but later faded; major indexes are below their 50-day moving averages as investors await key economic data midweek.
Wall Street stocks closed lower as Apple's fall event began and investors awaited key inflation data, with the Nasdaq Composite dropping over 1% and the S&P 500 decreasing by approximately 0.6%.
Stock indices closed in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector underperformed and the energy sector led the session. The U.S. 10-Year Treasury yield dropped, while the Two-Year Treasury yield increased. The Small Business Optimism Index for August decreased, with inflation cited as a major concern among small business owners. Stocks opened lower on Tuesday, and U.S. futures trended lower as well. This week's focus will be on the Consumer Price Index and Producer Price Index data, which could impact the Federal Reserve's decision on rate hikes. Oracle's stock fell after missing sales estimates, while Casey's General and Tesla saw gains. JPMorgan's CEO criticized new Basel III regulations, and European indices traded in the green. In Asia-Pacific, markets ended mixed as traders await U.S. inflation data.
Stock indices closed higher today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the healthcare sector lagged behind; the U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve lowered its GDP growth estimate for the third quarter. Additionally, Fitch Ratings revised its global growth forecast for 2023 due to concerns about China's real estate sector, and economic data showed an increase in wholesale inflation and retail sales.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The major indexes, including the Dow Jones, S&P 500, and Nasdaq, finished lower on Friday ahead of the Federal Reserve meeting next week, with tech stocks dragging the Nasdaq lower and the S&P 500 and Nasdaq both falling below their 50-day moving average.
Stock indices finished today’s trading session slightly higher, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all seeing modest gains, while the consumer discretionary sector fell and the energy sector rose.
Stock indices are in the red as oil prices continue to rise, with Chevron's CEO predicting prices could reach $100 per barrel due to reduced US shale oil output and OPEC's supply cuts, while the US Federal Reserve is holding off on easing liquidity until there is a significant reduction in wages to counterbalance a current yearly wage increase of 4.3% and maintain a 2% inflation rate.
Stocks closed lower on Tuesday due to uncertainty surrounding the Federal Reserve's future policy plans, as rising oil prices and concerns about inflation and interest rates weighed on investor sentiment. The Fed's decision on interest rates is expected to remain unchanged, but there is uncertainty about their next steps.
U.S. stock markets closed lower amid risk-off sentiment as the Federal Reserve began its two-day monetary policy meeting, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, experienced declines; however, European markets, including Germany's DAX and the U.K.'s FTSE 100, traded higher.
The U.S. stock markets closed in the red as the Federal Reserve kept the federal funds rate unchanged, leading to losses in sectors such as communication services and information technology, while Asian stocks fell due to concerns over higher U.S. interest rates.
Stock indices are mixed in today's trading session, with the Texas Manufacturing Outlook Survey reporting a decline in factory activity and U.S. stock futures trending higher due to concerns over high interest rates, rising bond yields, increasing oil prices, and possible government shutdown, while European indices have turned red and Asia-Pacific markets end mixed.
Stocks closed mixed on Wednesday, with the S&P 500 barely in the green, as investors continue to digest the implications of the Federal Reserve's higher for longer stance on interest rates. The Dow Jones Industrial Average dropped 0.2% and the Nasdaq Composite gained 0.2%. Meanwhile, oil prices hit fresh 2023 highs, and the possibility of a US government shutdown remains a concern.
The major stock indexes are expected to open lower as the 10-year Treasury yield hits a 16-year high, with investors monitoring employment data for potential impact on interest rates; meanwhile, stock futures in Asia and Europe slumped as the Federal Reserve's message of higher interest rates reverberates worldwide.
Stock indices finished in positive territory, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the energy sector experienced losses; meanwhile, the U.S. 10-Year Treasury yield decreased and the Two-Year Treasury yield also saw a decline. The Factory Orders report showed an increase in new purchase orders placed with manufacturers, beating expectations. The ISM Non-Manufacturing Purchasing Managers' Index indicated a slight contraction in the non-manufacturing sector, and the ADP jobs growth data showed a slowdown in job growth and wages. U.S. Futures opened lower following higher-than-anticipated JOLTs jobs opening data. Asian markets ended mixed, while European indices traded in the red.
The US markets closed in the red due to rising Treasury yields and the absence of an expected Federal Reserve interest rate cut, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, experienced declines influenced by various sectors, and European markets saw mixed results, with the FTSE 100 trading higher and the STOXX 600 index up, and commodities such as crude oil and gold experienced fluctuations, and US futures showed a mixed performance.
Stock indices finished in the red as sentiment soured and Fedspeak weighed on the markets, with the consumer staples sector experiencing the biggest decline and the real estate sector leading the session's gains, while U.S. treasury yields decreased and the Atlanta Fed's latest estimate suggests the economy will expand by about 4.9% in the third quarter.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
Summary:
US stock indexes closed lower as investors awaited monthly employment data and looked for insights into future interest rate directions, with the Dow Jones Industrial Average down 0.03%, the S&P 500 down 0.13%, and the Nasdaq Composite down 0.12%; in Asian markets, Japan's Nikkei 225 declined 0.28%, Australia's S&P/ASX 200 rose 0.41%, China's markets were closed for a holiday, and Hong Kong's Hang Seng index gained 1.40%; European markets, including the STOXX 600, Germany's DAX, France's CAC, and the UK's FTSE 100, all saw gains; and in commodities, Crude Oil WTI and Brent were down, Natural Gas was up, and Gold, Silver, and Copper all saw increases.
U.S. stock markets closed higher on Friday due to strong job creation, leading to discussions about a potential Federal Reserve interest rate hike; Asian markets, including Japan, Australia, and China experienced mixed results; European markets were mostly positive; commodities such as crude oil and gold saw an increase in prices; and U.S. futures and forex showed a decline and mixed results respectively.
Stocks opened lower on Monday due to the Middle East conflict and concerns about interest rates and inflation, with the Dow Jones Industrial Average down 0.2%, the S&P 500 down 0.5%, and the Nasdaq Composite down almost 1%.
US stocks are expected to open higher as investors await inflation data and Federal Reserve minutes to gain insight into interest rate thinking, with Dow Jones Industrial Average futures up 0.2% and S&P 500 futures rising 0.2%.
Wall Street indexes closed higher after the release of cautious Federal Reserve minutes, fueling investor hopes of steady rates.
The stock market closed off its lows as major indexes improved in the final hour of trading, although investors remained hesitant due to higher-than-expected inflation numbers.
The U.S. stock markets closed in the red due to rising bond yields and higher-than-expected inflation, while Asian markets also experienced declines amid concerns of prolonged higher interest rates.
Stock indices finished mixed, with the Dow Jones gaining 0.12% while the S&P 500 and Nasdaq 100 fell 0.5% and 1.24% respectively; UBS analysts predict a "softish" landing for the US economy and have adjusted their S&P 500 price target down to 4,500 from 4,700, citing geopolitical and domestic financial developments.
Major stock indices closed higher, led by the small-cap Russell 2000, as industries that previously lagged experienced gains, while bond yields remained elevated but stable and upcoming Q3 earnings reports from industry leaders are expected.
Stocks opened lower on Tuesday, with the Dow Jones Industrial Average falling about 0.4%, as retail sales data exceeded expectations and earnings season continued.
Stock market indexes closed mixed as Nvidia shares were impacted by new U.S. trade restrictions with China, while treasury yields reached 52-week highs.
Stock markets in the US closed higher, driven by optimism over earnings season, while Treasury yields rose due to concerns over the conflict between Israel and Hamas; Asian markets followed suit, with Japan's Nikkei 225 closing higher and Australia's S&P/ASX 200 recording gains, while European markets saw mixed results; in commodities, crude oil prices were relatively stable, while gold and silver prices increased slightly; and US futures indicated a slight decline.
US stocks finished the day relatively unchanged as Treasury yields rose on better-than-expected retail sales data, increasing concerns about higher interest rates; the Dow Jones and S&P 500 closed less than 0.1% away from yesterday's close, while the Nasdaq closed around 0.3% lower.
Stocks opened lower on Wednesday as rising Middle East tensions and lackluster earnings from Morgan Stanley weighed on investor sentiment. The Dow Jones Industrial Average fell over 0.2%, while the S&P 500 dropped nearly 0.5% and the Nasdaq Composite slipped 0.3%.
The Dow closed lower due to Nvidia's impact on the tech sector and rising Treasury yields, while Morgan Stanley reported disappointing results in its wealth management and investment banking units, and New York Fed's president indicated that rates will likely remain higher for a longer period to control inflation; furthermore, Nvidia warned that tighter U.S. curbs on exports to China may affect its production and United Airlines reported a gloomy outlook.
Summary: U.S. stocks closed the week on a low note due to geopolitical concerns, a bond sell-off, economic data, and mixed comments from Federal Reserve speakers, with the focus shifting to upcoming quarterly results, and the Nasdaq Composite and S&P both experiencing significant declines.
U.S. stock markets closed in the red due to concerns over interest rate increases and the Israel-Hamas conflict, while Asian markets also experienced declines, with Japan's Nikkei 225, Australia's S&P/ASX 200, and China's Shanghai Composite all closing lower.
Stocks opened lower as investors digest disappointing Big Tech earnings and rising bond yields, with the Nasdaq and S&P 500 dropping about 0.5% and 0.4%, respectively, while the Dow Jones Industrial Average remained flat. The US economy grew at its fastest pace in nearly two years, with a 4.9% increase in GDP, driven by strong consumer spending. Stock futures point to a continuation of the sell-off as investors anticipate more earnings releases.
