Daily Market Report

Daily Market Report | 11/14/2023 US FINANCIAL MARKET S&P 500 Up 2% as Yields Tumble After CPI Surprise: Markets Wrap - Bloomberg, 11/14/2023 Stocks climbed while bond yields sank as an unexpected inflation slowdown bolstered bets the Federal Reserve’s aggressive hiking cycle is now over — and its next move will be a cut in mid-2024. More than 95% of the S&P 500 companies rose, with the gauge up 2%. The Nasdaq 100 rose 2.2%. The Dow Jones Industrial Average rose 1.5%. Tesla led gains in megacaps and Nvidia extended its rally into a [...]

Daily Market Report | 11/02/2023 US FINANCIAL MARKET Tech Giants Lead Stock Gains as Bond Yields Slide: Markets Wrap - Bloomberg, 11/2/2023 Stocks rose and bond yields fell on speculation the Federal Reserve is done with interest-rate hikes. The pound gained after the Bank of England ruled out any possibility of letting up on its fight against inflation for the foreseeable future. The S&P 500 added about 1.5%, heading toward is best day since August. The Nasdaq 100 advanced for a fifth straight session. Tesla led gains in megacaps, rallying 5%. Qualcomm, the largest [...]

Daily Market Report | 10/31/2023 US FINANCIAL MARKET Wall Street ‘Yawns’ at Economic Data in Fed Run-Up: Markets Wrap - Bloomberg, 10/31/2023 Wall Street is heading toward the end of a jittery month, with stocks fluctuating and bonds mixed. The yen slumped after the Bank of Japan made only minor changes to its policy settings. Traders took the latest economic data in stride on the eve of the Federal Reserve decision. The S&P 500 edged higher, but was still on track for a third monthly drop — its longest losing streak since March 2020. [...]

Daily Market Report | 10/30/2023 US FINANCIAL MARKET Oil Falls 3% as Weekend Jitters Ease; Stocks Rise: Markets Wrap - Bloomberg, 10/30/2023 Stocks rose around the world, oil fell 3% while Treasuries retreated as Israel’s ground incursion into Gaza appeared less extensive than some investors had feared. The S&P 500 traded off session highs, while still halting a three-day slide that drove the gauge to oversold levels. Facebook parent Meta Platforms led gains in the beaten-down megacap space, though Tesla bucked that trend — dropping 3%. Ten-year US yields rose six basis points to [...]

Daily Market Report | 10/23/2023 US FINANCIAL MARKET Treasury 10-Year Yield Retreats After Hitting 5%: Markets Wrap - Bloomberg, 10/23/2023 A renewed bout of volatility in the bond market impacted stock trading on Monday, with investors also awaiting earnings from a handful of big tech companies. Oil and gold retreated as Israel appeared to hold off on a broader ground invasion in Gaza. The S&P 500 swung between gains and losses after briefly breaching its key 4,200 mark — which represents a 50% retracement of the rally off the lows seen in the banking [...]

Daily Market Report | 10/18/2023 US FINANCIAL MARKET Stocks Drop, Oil Climbs on Renewed Mideast Risks: Markets Wrap - Bloomberg, 10/18/2023 Stocks were under pressure and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict. The S&P 500 fell 0.8%. The Nasdaq 100 fell 0.9%. The Dow Jones Industrial Average fell 0.6%. Megacaps led losses as Treasury yields rose, with Nvidia down 3% and Tesla sliding ahead of its results. Morgan Stanley sank about 7% as [...]

Daily Market Report | 10/16/2023 US FINANCIAL MARKET Stocks Rise Amid Efforts to Stifle Israel Conflict: Markets Wrap - Bloomberg, 10/16/2023 Stocks rose and bonds fell amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a regional conflict. Oil edged lower, following last week’s rally. The S&P 500 halted a two-day slide, with traders also gearing up for a raft of earnings reports over the next few days. The S&P 500 rose 0.6%. The Nasdaq 100 rose 0.8%. The Dow Jones Industrial Average rose 0.7%. Treasury 10-year yields advanced 10 basis points [...]

Daily Market Report | 10/11/2023 US FINANCIAL MARKET Wall Street Brushes Off Hot PPI as Stocks Advance: Markets Wrap – Bloomberg, 10/11/2023 Stocks rose as traders shrugged off a hotter-than-estimated inflation reading to focus on less hawkish comments from Federal Reserve speakers. Oil fell after an early-week surge. The S&P 500 gained for a fourth straight session, rebounding from technically oversold levels. The S&P 500 was little changed. The Nasdaq 100 rose 0.3%. The Dow Jones Industrial Average rose 0.1%. Tech megacaps outperformed, while Exxon Mobil led losses in energy shares after agreeing to [...]

Daily Market Report | 10/04/2023 US FINANCIAL MARKET Bond Rout Eases as Traders Parse Job, Service Data: Markets Wrap - Bloomberg, 10/4/2023 Global bonds steadied Wednesday as traders parsed US data and raised bets that the Federal Reserve can refrain from further interest rate increases. Ten-year Treasury yields remain lower on the day after the rate on the benchmark had reached as high as 4.88% early in the session. Traders are pricing a less than one-in-five chance of an increase in November, down from one-in-three previously. Stocks wavered with the S&P 500 poised to [...]

Daily Market Report | 10/03/2023 US FINANCIAL MARKET Stock, Bond Drop Deepens After Jobs Data Surprise: Markets Wrap - Bloomberg, 10/3/2023 Stocks slumped while the retreat in Treasuries get fresh legs as investors digested an unexpected rise in job openings in August. The S&P 500 and Nasdaq 100 indexes fell more than 1% after Tuesday data showing the number of available positions rose to 9.61 million from less than 9 million in July, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey, or JOLTS. The Dow Jones Industrial Average fell [...]