Daily Market Report

Daily Market Report | 07/19/2023

2023-07-20T11:08:07-07:00

Daily Market Report | 07/19/2023 US FINANCIAL MARKET US Stock Rally Plows Forward Amid Peak-Rate Bets: Markets Wrap - Bloomberg, 7/19/2023 US stocks and bonds followed those in Europe higher as investors cheered cooling inflation in the UK and were able to look past an earnings miss at Goldman Sachs. Second quarter profit at the Wall Street investment bank tumbled on real estate hits and a dealmaking slump, though US bank shares were largely spared from losses after solid bank earnings earlier in the week. The S&P 500 rose 0.4% and Treasuries across the [...]

Daily Market Report | 07/19/20232023-07-20T11:08:07-07:00

Daily Market Report | 07/18/2023

2023-07-18T09:34:40-07:00

Daily Market Report | 07/18/2023 US FINANCIAL MARKET US Stocks Drift as Traders Lock in Fed Rate Bets: Markets Wrap - Bloomberg, 7/18/2023 US stocks drifted and bonds rallied as the latest batch of economic data came in below expectations and traders fully priced in a quarter-point hike in interest rates by the Federal Reserve next week. The S&P 500 was little changed and the 10-year Treasury yield fell after figures on industrial production and retail sales missed estimates, on top of mixed results from Bank of America and Morgan Stanley. The Nasdaq 100 [...]

Daily Market Report | 07/18/20232023-07-18T09:34:40-07:00

Daily Market Report | 07/17/2023

2023-07-18T09:34:50-07:00

Daily Market Report | 07/17/2023 US FINANCIAL MARKET US Stocks Drift as China Economic Recovery Slows: Markets Wrap - Bloomberg, 7/17/2023 US stocks and bonds drifted as more evidence pointed to a slowdown in China’s economy. Gross domestic product in China grew at a slower-than-expected pace of 6.3% in the second quarter, adding to risks for the global economy, reliant on Chinese spending. The S&P 500 was little changed on Monday, starting the week on a downbeat note following last week’s historic stock-market gains. The S&P 500 was little changed. The Nasdaq 100 rose [...]

Daily Market Report | 07/17/20232023-07-18T09:34:50-07:00

Daily Market Report | 07/14/2023

2023-07-14T13:30:52-07:00

Daily Market Report | 07/14/2023 US FINANCIAL MARKET Treasuries Make U-Turn After Hot Economic Data: Markets Wrap - Bloomberg, 7/14/2023 Treasuries pared their weekly rally as data showed an increase in both consumer sentiment and short-term inflation expectations, helping fuel speculation that interest-rates will remain elevated. The two-year US yield, which is more sensitive to imminent Federal Reserve moves, climbed seven basis points to 4.7%. The yield on 10-year Treasuries advanced two basis points to 3.78%. The S&P 500 was little changed, with traders sifting through results from JPMorgan Chase, Wells Fargo and Citigroup. [...]

Daily Market Report | 07/14/20232023-07-14T13:30:52-07:00