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On Friday, September 29, the U.S. stock markets ended mixed as investors processed the effects of U.S. inflation report on the Federal Reserve’s interest rate policy and rethought their portfolios. The headline PCE price index rose to 3.5% in August 2023, up from 3.4% in July, marking its second monthly increase. Meanwhile, the core index, excluding food and energy, fell to 3.9% from 4.2%, as anticipated. In the S&P 500 sectors, energy decreased by approximately 2%, while financials ...

On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. The Conference Board’s consumer confidence index fell to 103 in September. All sectors of the S&P 500 ended in the red, with utilities and consumer discretionary stocks experiencing the largest declines. Amazon.com, Inc (NASDAQ: AMZN) saw a 4% drop in its stock on Tuesday as ...

On Friday, September 22, the U.S. stock markets closed in the red following a turbulent week highlighted by 16-year highs in benchmark Treasury yields and a hawkish outlook from the Federal Reserve. The S&P 500 and the Nasdaq experienced their steepest week-to-week declines since March. Most sectors in the S&P 500 finished with losses. The Dow Jones Industrial Average dipped 0.31% to 33,963.84. The S&P 500 declined by 0.23%, settling at 4,320.06, and the Nasdaq Composite dropped 0...

On Thursday, Sept. 21, the U.S. stock markets ended significantly lower, with investors analyzing economic data after the Federal Reserve’s decision on interest rates. U.S. jobless claims dropped to 201,000 for the week ending Sept. 16, the lowest since January, compared to the expected 225,000. The Q2 current account deficit narrowed to $212.1 billion, better than the forecasted $221.0 billion gap. The Dow Jones Industrial Average finished the day 1.08% lower, ending at 34,070.42. The S&...

On Thursday, September 14, U.S. markets ended higher; the Dow surged over 300 points, its biggest single-day gain in over five weeks. The increase was driven by the strong performance of the U.S. consumer sector, supported by recent retail sales data. August U.S. producer prices increased by 0.7%, surpassing the expected 0.4% rise. Retail sales also grew by 0.6%, following a revised 0.5% increase in July. Initial jobless claims rose by 3,000 to 220,000 in the week ending September 9, slightly lo

On Tuesday, September 12, the U.S. markets ended in red as investors prepared for the release of significant U.S. inflation figures. S&P 500 ended lower, with the information technology and communication services sectors experiencing the most significant declines. The Nasdaq Composite declined due to a sharp drop in Oracle's (NYSE: ORCL) stock following disappointing results, which also put pressure on the overall tech sector. The Dow Jones Industrial Average finished the day with a ma...

On Friday, September 8, the U.S. markets ended higher, driven by energy stocks, which climbed over 1%, supported by the recent decision by Saudi Arabia and Russia to extend supply cuts, maintaining momentum in oil prices. Wall Street's key indexes saw weekly declines, driven by investor concerns over interest rates and anticipation of upcoming U.S. inflation data. The S&P 500 dropped 1.3%, the Nasdaq lost 1.9%, and the Dow fell 0.8% during the shortened week due to Labor Day. The Dow J...

On Thursday, August 31, the U.S. markets ended mixed as investors reflected on a blend of economic indicators that were released. U.S. initial jobless claims dropped by 4,000 to 228,000 in the week ending August 26, beating market estimates of 235,000. Core PCE prices in the U.S. rose 0.2% month-over-month in July. In July, the core PCE price index, the Fed's preferred inflation measure, rose by 0.2%, matching expectations and the previous month's pace. The Dow Jones Industrial Average...