S&P 500 reclaims 3850 on upbeat sentiment as recession fears fade

The S&p 500, the Nasdaq, and the Dow Jones extend gains between 4 and 5 percent in the week. UoM Consumer Sentiment plunged, and inflation expectations got lower, seen as a relief by traders. Fed’s Bullard commented that fears of a recession are overblown. US equities are rising for the second consecutive day, and despite … Read more

S&P 500 opens with gains and reclaims 3770 on Powell’s second day at the Congress

US stocks indices some ground after registering minimal losses on Wednesday. S&P Global PMIs indices missed expectations, dragging equities lower. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones. The greenback recovers some ground though US Treasury yields are falling as traders backpedaled against an aggressive Fed. US equities … Read more

S&P 500 erases earlier losses and remains above 3750 as Powell testifies in the US Congress

On Wednesday, US equities are rising between 0.24% and 0.87%. Fed’s Chair Powell: “Fed is strongly committed to bringing inflation back down, moving expeditiously to do so.” The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones. The greenback and US Treasury yields are falling despite the Fed’s Chief Powell’s … Read more

S&P 500 rises and reclaims the 3,700 threshold after a holiday in the US

US stocks jumped following a US bank holiday, up between 1.78% and 3.07%. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones. US Treasury yields edge up while the US Dollar Index drops. US stocks are opening with hefty gains, following a dismal week, which dragged the SP 500 … Read more

S&P 500 Futures stay pressured amid recession, Fed concerns on Juneteenth holiday

Market sentiment remains pessimistic as growth fears join hawkish Fed bets. S&P 500 Futures remain depressed around yearly low, yields stay unchanged on Juneteenth holiday. Fed’s Powell in focus, updates over China’s covid, Sino-America ties are also important for fresh impulse. Risk appetite remains sour as fears of economic slowdown join hopes of higher Fed … Read more

S&P 500 rises slightly but stays below 3700 after a stormy trading week

US stocks recovered some ground after a bumpy trading week. The Nasdaq Composite rose and led the pack, followed by the S&P 500, while the Dow Jones fell. The US Dollar Index rose, contrarily to US Treasury yields dropping US equities recovered some ground after a rough trading week and recorded gains between 0.13% and … Read more

Yields poke weekly low, stock futures print mild gains as traders await Fed’s Powell

Market sentiment remains divided amid central banks’ moves, growth fears. US Treasury yields remain pressured for the third consecutive day. S&P 500 Futures, Euro Stoxx 50 Futures consolidated recent losses. Fed’s bi-annual monetary policy report, Powell’s speech will be crucial for fresh directions. Global markets remain dicey as central banks flex muscles to battle inflation. … Read more