Daily Market Report

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 [...]

Daily Market Report | 09/29/2023 US FINANCIAL MARKET Stocks, Bonds Rebound Trimmed as Walkouts Spread: Markets Wrap - Bloomberg, 9/29/2023 US stocks and Treasuries trimmed an advance as plans for auto plant strikes were expanded. The S&P 500 was up 0.5%, while the Nasdaq 100 pared back from a 1.4% jump after the Federal Reserve’s preferred measure of inflation increased at a slower-than-expected pace. The Dow Jones Industrial Average rose 0.1%. Ford Motor and General Motors turned negative on plans from the United Auto Workers to extend a walkout to three more plants. US [...]

Daily Market Report | 09/28/2023 US FINANCIAL MARKET Bond Selloff Gains Steam as September Losses Mount: Markets Wrap - Bloomberg, 9/28/2023 A global bond selloff deepened on Thursday amid speculation that central banks from the US to Europe are poised to keep interest rates elevated. The S&P 500 rose 0.3%. The Nasdaq 100 rose 0.3%. The Dow Jones Industrial Average rose 0.3%. Yields on 10-year Treasuries rose nearly eight basis points to 4.69% and those on the 30-year bond briefly reached 4.81%, the highest since 2010. In the UK, benchmark government bond yields climbed [...]

Daily Market Report | 09/26/2023 US FINANCIAL MARKET S&P 500 Hits 3-Month Low as Economy Angst Climbs: Markets Wrap - Bloomberg, 9/26/2023 The S&P 500 slid to a three-month low Tuesday as consumer confidence in the economy waned and investors factored in a protracted period of high interest rates. A selloff in government bonds paused while the dollar climbed. The S&P 500 lost 1.1% as the equities benchmark fell to the lowest since June after a report showed consumer confidence in the world’s biggest economy stalled this month, falling to 103 from a revised [...]

Daily Market Report | 09/25/2023 US FINANCIAL MARKET Bonds Fall, Dollar Rallies as Hawkish Fed Sinks In: Markets Wrap - Bloomberg, 9/25/2023 Government bonds fell while stocks steadied as traders speculated central banks will keep interest rates elevated to quell inflation. A gauge of dollar strength hit its highest level this year. The US Treasury 10-year yield climbed nearly 10 basis points to a high of 4.53%, a level last seen in 2007. Bloomberg’s Dollar Spot Index rose for a fourth day, reaching the highest since December. The S&P 500 and tech-heavy Nasdaq 100 [...]

Daily Market Report | 09/22/2023 US FINANCIAL MARKET Stocks Rise at End of Bruising Week on Wall Street: Markets Wrap - Bloomberg, 9/22/2023 Stocks rebounded from nearly oversold levels as bond yields fell, with traders weighing a subdued reading on business activity and the latest Fedspeak for clues on the outlook for monetary policy. The S&P 500 halted a three-day slide, while still heading toward its worst week since March. The S&P 500 rose 0.3%. The Nasdaq 100 rose 0.6%. The Dow Jones Industrial Average rose 0.1%. Big tech led gains after bearing the [...]

Daily Market Report | 09/21/2023 US FINANCIAL MARKET Wall Street Is Bracing for Fed’s ‘Hawkish Hold’: Markets Wrap - Bloomberg, 9/20/2023 Stocks, bonds and the dollar saw small moves, with traders betting the Federal Reserve will keep interest rates steady on Wednesday while hinting at the possibility of hiking again, if warranted. The S&P 500 edged higher. The Nasdaq 100 was little changed. The Dow Jones Industrial Average rose 0.4%. FedEx, a global economic bellwether, is due to report earnings after the close. Two-year US yields halted a four-day advance. The yield on 10-year [...]