Daily Market Report

Daily Market Report | 09/20/2023 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 [...]

Daily Market Report | 09/14/2023 US FINANCIAL MARKET Stocks Climb as Data Rekindle Bets on Soft Landing: Markets Wrap - Bloomberg, 9/14/2023 Stocks rose after strong economic reports revived speculation the Federal Reserve will be able to engineer a soft landing even if it keeps interest rates higher for longer. The euro fell on bets the European Central Bank will stay on hold after hiking on Thursday. The S&P 500 rose 0.7%. The Nasdaq 100 rose 0.8%. The Dow Jones Industrial Average rose 0.7%. Earlier in the session, equity futures briefly pared gains as [...]

Daily Market Report | 09/13/2023 US FINANCIAL MARKET Wall Street Says CPI Not a ‘Game Changer’ for Fed: Markets Wrap – Bloomberg, 9/13/2023 Stocks, bonds and the dollar saw small moves, with a mixed inflation report reinforcing speculation the Federal Reserve will pause its rate hikes — but refrain from calling the end of its tightening cycle. The S&P 500 was little changed. Megacaps were mixed, with the chiefs of five of the 10 biggest US companies appearing at a closed-door Senate meeting to shape how artificial intelligence is regulated. Apple fell as China [...]

Daily Market Report | 09/12/2023 US FINANCIAL MARKET Tech Weighs on Stocks as Dollar Gains Before CPI: Markets Wrap - Bloomberg, 9/11/2023 Stocks retreated, while the dollar rebounded as investors geared up for a key inflation report that’s expected to bring more insights on the outlook for the Federal Reserve’s next steps. The S&P 500 fell 0.4%. The Nasdaq 100 fell 0.7%. The Dow Jones Industrial Average fell 0.2%. Tech led losses in the S&P 500, with Oracle sinking 12% — the most since 2020 — after a slowdown in cloud sales. Apple dropped [...]

Daily Market Report | 09/11/2023 US FINANCIAL MARKET Stocks Grind Higher as Dollar Halts Hot Streak: Markets Wrap - Bloomberg, 9/11/2023 Stocks advanced ahead of economic readings that will help shape Wall Street’s views on how close the Federal Reserve is from wrapping up its tightening cycle. Bonds were relatively stable. The S&P 500 hovered near the 4,500 mark. The S&P 500 rose 0.5%. The Nasdaq 100 rose 0.6%. The Dow Jones Industrial Average rose 0.2%. Tesla rallied as Morgan Stanley upgraded the company, saying its Dojo supercomputer may boost market value by as [...]

Daily Market Report | 09/08/2023 US FINANCIAL MARKET ‘Overloved’ Dollar Falls as Buyer Fatigue Kicks In: Markets Wrap - Bloomberg, 9/8/2023 The dollar lost traction, following a seemingly unstoppable rally that pushed currency toward a record streak of weekly gains on bets the Federal Reserve will keep rates elevated. Stocks and bonds edged higher. The Bloomberg Dollar Spot Index fell, while still on pace for its eighth consecutive week of advances — the longest run since 2005. A respite in the greenback’s surge reduced the pressure on commodities and emerging markets. The S&P 500 [...]

Daily Market Report | 09/07/2023 US FINANCIAL MARKET Nasdaq 100 Down 1% as Apple Leads Megacap Rout: Markets Wrap - Bloomberg, 9/7/2023 Stocks fell amid concern over how a Chinese ban on Apple’s iPhone could impact other segments of the American technology industry. Treasuries and the dollar were little changed, shrugging off the initial impact of jobless claims data that reinforced the case for the Federal Reserve to keep rates elevated. The Nasdaq 100 dropped 1%, while the S&P 500 declined for a third straight session. The S&P 500 fell 0.6%. The Dow Jones [...]

Daily Market Report | 09/06/2023 US FINANCIAL MARKET Traders Boost Bets on November Fed-Hike After ISM: Markets Wrap - Bloomberg, 9/6/2023 Stocks fell, while Treasury yields rose after a stronger-than-estimated reading on the US services industry bolstered speculation the Federal Reserve will keep interest rates higher for longer. The S&P 500 extended its drop below 4,500, while the Nasdaq 100 was down about 1% — with Tesla and Nvidia leading a selloff in big tech. The S&P 500 fell 0.7%. The Dow Jones Industrial Average fell 0.4%. Treasury two-year yields hit 5%. The dollar [...]

Daily Market Report | 09/05/2023 US FINANCIAL MARKET Dollar Hits Highest Since March as US Yields Climb: Markets Wrap – Bloomberg, 9/5/2023 The dollar hit the highest since March as Treasury yields rose and stocks fluctuated, with traders betting interest rates will remain elevated even if the Federal Reserve halts its tightening cycle this month. As the greenback advanced, options traders positioned for further strength — with one-year risk reversals near their most bullish levels since April. Ten-year US yields climbed seven basis points to 4.25% amid a surge in investment-grade bond sales. The [...]

Daily Market Report | 09/01/2023 US FINANCIAL MARKET Stocks Rise as Jobs Report Fuels Fed-Peak Wagers: Markets Wrap - Bloomberg, 9/1/2023 Stocks rose after jobs data fueled bets that the Federal Reserve will refrain from raising interest rates again this year to prevent an economic recession. The S&P 500 headed toward its best week since March. The S&P 500 rose 0.4%. The Nasdaq 100 was little changed. The Dow Jones Industrial Average rose 0.5%. Energy shares led gains on Friday as US oil hit $85 a barrel for the first time since November. Megacaps [...]