Market Summary: The long & the short of it. The U.S. Markets awoke on Friday to some positive news. Firstly, a stronger than expected reading of the October jobs report enhanced bullish spirits in the markets. Secondly, the Chinese Commerce Ministry said the world’s two largest economies could reach “consensus on principles” during a “serious […]
Market Summary: The long & the short of it. Despite upbeat earnings and the benefit of lower interest rates, the U.S. markets dived into the red on the opening of trading yesterday. China upset the post-Fed apple cart overnight, claiming that the “trade-deal” was unlikely. In spite of the White House’s best efforts, the odds
Market Summary: The long & the short of it. Despite the avalanche of earnings releases being published for the third quarter, the attention of the market participants shifted to the Federal Reserve and its Chairman Jerome Powell. The Fed did indeed meet the expectations of the markets (all the action being priced in) and cut
Market Summary: The long & the short of it. U.S. stock markets tippy-toed sideways in yesterday’s trading, the S&P 500 apparently taking a breather in order to digest yesterday’s moves to all-time highs. The S&P 500 finished the day at 3036 for a mild loss of -0.08% and snapping a four-day winning streak. The New
Market Summary: The Long & the short of it. The S&P 500 soared to all-time highs in inter-day trading on Friday and settled just below the high to close at 3021 or +0.41%. It was the third straight day of positive returns on the S&P 500. The exuberance followed a statement from the Trump administration,
Market Summary: The long and the short of it. Stock and bond markets shrugged off yesterday’s optimism with the biggest Fed liquidity injection yet. Both the S&P 500 and the New York Composite (NYA) indices dived at the opening of trading, but both recovered in the afternoon session to finish at 3010 (+0.19%) and 13118.91
Market Summary: The long and the short of it. We saw an early sell-off in the S&P 500 on the disappointing quarterly earnings released by the bell-weather Caterpillar (CAT) and the electronics giant Texas Instruments (TXN). However, the S&P 500 managed to shrug off the news and close out a resilient session, to finish at
Market Summary: The long & short of it. Stock markets ripped higher on Thursday, propelled by the “Resumption of Trade Talks”. The S&P 500 extending it gains from yesterday to close at 2976 and a gain of 1.30%. The New York Composite followed suit with to close at 12,917 and a gain of 0.95%.
Market Summary: The long & short of it. Stock markets rallied strongly again today, shrugging off the disappointing August ISM Manufacturing (PMI)* data from yesterday. The PMI for August was the lowest seen since August 2016. The S&P 500 finished with a healthy gain of 1.08% to close at 2,937.78, while the New York