Daily Market Report

Daily Market Report | 12/20/2023

2023-12-20T09:56:02-08:00

Daily Market Report | 12/20/2023 US FINANCIAL MARKET Treasuries Trim Gains, Stocks Edge Up After Data: Markets Wrap - Bloomberg, 12/20/2023 US Treasuries held onto gains while stocks struggled to resume their climb after a fresh batch of data left traders measuring the chances a soft landing for the world’s largest economy. The yield on the US 10-year was down three basis points after reaching July levels before the reports, the benchmark rate is down more than 40 basis points this month. Sales of previously owned US homes edged higher in November off a [...]

Daily Market Report | 12/20/20232023-12-20T09:56:02-08:00

Daily Market Report | 12/18/2023

2023-12-18T10:38:48-08:00

Daily Market Report | 12/18/2023 US FINANCIAL MARKET US Stocks Rally Plows Ahead While Bonds Falter: Markets Wrap - Bloomberg, 12/18/2023 US stocks kicked off the week on positive note buoyed by a burst of deals, even as central bankers sought to sow doubts that aggressive interest-rate cuts will materialize early next year. Coming off a seven-week bull run, the S&P 500 rose 0.4% while the Nasdaq 100 climbed 0.4% after the tech-heavy benchmark closed at a record on Friday. More than $40 billion of mergers and acquisitions hit the wire on Monday after [...]

Daily Market Report | 12/18/20232023-12-18T10:38:48-08:00

Daily Market Report | 12/15/2023

2023-12-15T10:24:13-08:00

Daily Market Report | 12/15/2023 US FINANCIAL MARKET Everything Rally Cools as March Rate Cut in Doubt: Markets Wrap - Bloomberg, 12/15/2023 This week’s everything rally lost some heat on Friday after a Federal Reserve official threw cold water on hopes for an interest rate cut as early as March. US stocks and bonds were mixed while the dollar rebounded. New York Fed President John Williams told CNBC it was “premature” to be thinking about a March rate cut. The S&P 500 was little changed on the day, but remains on track for its [...]

Daily Market Report | 12/15/20232023-12-15T10:24:13-08:00

Daily Market Report | 12/14/2023

2023-12-15T10:18:16-08:00

Daily Market Report | 12/14/2023 US FINANCIAL MARKET Stocks Join Bonds Higher in Fed-Fueled Optimism: Markets Wrap - Bloomberg, 12/14/2023 Wall Street extended its rally after dovish Federal Reserve signals unleashed a bullish pulse across global markets amid optimism the world’s largest economy will be able to avert a recession. Equities pushed higher — with the S&P 500 approaching its record and the Nasdaq 100 hovering near that mark — as the Fed pivoted toward reversing the steepest hikes in a generation after taming inflation without a major economic slowdown. The S&P 500 rose [...]

Daily Market Report | 12/14/20232023-12-15T10:18:16-08:00

Daily Market Report | 11/14/2023

2023-11-16T14:49:28-08:00

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 | 11/14/20232023-11-16T14:49:28-08:00

Daily Market Report | 11/02/2023

2023-11-02T12:17:48-07:00

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 | 11/02/20232023-11-02T12:17:48-07:00

Daily Market Report | 10/31/2023

2023-11-02T11:51:46-07:00

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 | 10/31/20232023-11-02T11:51:46-07:00

Daily Market Report | 10/30/2023

2023-10-30T10:18:30-07:00

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 | 10/30/20232023-10-30T10:18:30-07:00

Daily Market Report | 10/23/2023

2023-10-23T10:08:10-07:00

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 | 10/23/20232023-10-23T10:08:10-07:00

Daily Market Report | 10/18/2023

2023-10-18T11:58:59-07:00

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 | 10/18/20232023-10-18T11:58:59-07:00