The Nasdaq 100 (NDX) was torn between bullish and bearish following Fed Chair Jerome Powell’s remarks at yesterday’s Jackson Hole Symposium. The equities market wasn’t alone in this volatility rush as gold (XAU/USD), the US Treasuries, and the US dollar (DXY) all whipsawed after the speech. The Federal Reserve’s decision to switch their inflation policy […]
The US stock market closed with a bang on Monday with many new record highs as investors’ risk appetite got bolstered following the Food and Drug Administration’s emergency approval of a Coronavirus treatment. The Nasdaq 100 (NDX) gained 0.61% after rising by 71.01 points to close around 11626.17. The Nasdaq Composite (^IXIC) also gained about […]
The US stock market has been overwhelmingly strong since its pandemic-induced crash back in March. No event after that has had the power to keep the Nasdaq 100 (NDX) or the Nasdaq Composite (^IXIC) down for long. Many traders thought the modest decline seen on Wednesday was the long-overdue correction coming into play. But that […]
Bitcoin’s (BTC) sensational bull rally has just hit a major obstacle after it failed to claim the $12,400 resistance. Prior expectations for a parabolic continuation has now been put aside as bulls recover from the brutal decline. The cryptocurrency market has shed about $13 billion from yesterday’s peak of $387 billion over the past 24 […]
The Nasdaq 100 (NDX) climbed higher on Monday with the Dow Jones (DJIA) and S&P 500 (SPX) not far behind. The three major US indices have all recorded outstanding rallies in the past few weeks, however, it appears as though the momentum is starting to slow down as the impending market risk tone might diminish […]
The stock market in the US traded on a mixed sentiment on Thursday, as the Nasdaq 100 (NDX) soared while the S&P 500 (SPX) drooped. This occurred even as Apple (NASDAQ: AAPL) hit a record all-time high. Both Apple and Tesla (NASDAQ: TSLA) stock prices witnessed huge gains on the news that the companies were […]
Stocks and indexes traded with mixed signals yesterday amid dwindling prospects of a renewed Coronavirus stimulus package and the ever-increasing Covid-19 cases in the US. The Nasdaq 100 (NDX) was badly affected as traders ‘cashed-out’ of most of their positions on big tech stocks, which have been rallying since March. The NDX dropped by about […]
The stock markets closed on a positive note on Thursday, with the Nasdaq Composite (^IXIC) recording its 32nd all-time high this year above the 11,000 milestone. Stocks found some support after a worse-than-expected first-time jobless claim report and as investors waited on developments in the stalemate between lawmakers over the next round of stimulus packages. […]
Global market sentiment performed significantly well in the past 24 hours, with the tech-centralized Nasdaq 100 (NDX) setting a new record high on Wall Street after rising by about 1.47%. Meanwhile, the S&P 500 (SPX) and the Dow Jones (DJI) also made significant strides with +0.72% and +0.89% respectively. The gains seen in the tech […]
