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The S&P 500 (SPX) and the Nasdaq 100 (NDX) slipped lower on Wednesday, as US bond yields rallied ahead of the FOMC policy statement slated for later today, where traders will be watching if the central bank raises interest rates sooner than expected. The benchmark 10-year yield recorded a new 13-month high around 1.67%, which […]
Futures tracking major US equity indexes fell early on Friday, as Wall Street looked set to round off the week with decent gains. At press time, Nasdaq 100 (NDX) futures were down by -0.27%, while the Dow Jones (DJIA) futures and S&P 500 (SPX) futures fell by -0.28% and -0.34%, respectively. Meanwhile, Disney shares climbed […]
Wall Street traded on a very upbeat momentum as investors flooded energy stocks and priced in another round of aid spending from Washington. The Nasdaq 100 (NDX) rose by 0.67% yesterday to record a new all-time high around 13696. The Dow Jones (DJIA) and the S&P 500 (SPX) also recorded new ATHs with +0.76% and […]
Futures tracking the Nasdaq 100 (NDX) and the S&P 500 (SPX) saw record-high figures on Friday, as risk asset investors expect goodish jobs report to confirm that the worst of the labor market crisis is over, alongside additional economic stimulus. The Labor Department is likely to report that the US economy grew by 50k jobs […]
The Nasdaq 100 (NDX) recorded a whopping 2.65% climb yesterday, paring back most of the losses it suffered last week. Although price action can still be seen in the new retail traders’ favorites like GameStop and AMC, a significant decline in short interest surrounding these stocks has put the markets in a different landscape compared […]
Wall Street traded on mixed sentiment on Thursday as investors took cues from the latest earnings reports and signs that a big squeeze in shorted stocks will persist for a while. The Nasdaq 100 (NDX) recorded a 1.5% jump to the 13400 resistance before dropping near its open level, or 0.68% around 13200 at the […]
Wall Street saw a bubbly start to the new week on Monday, setting a positive tone for the busy quarterly earnings, Fed meeting, and GDP week ahead. The Nasdaq 100 (NDX) traded erratically to close the day at a +0.87% gain after setting a new record high at 13563.70. The Dow Jones (DJIA) and the […]
Wall Street recorded significant gains overnight as President Joe Biden’s transition into power improved the prospects for additional fiscal stimulus measures and other government activities to combat the negative effects of the coronavirus pandemic. Before this, Treasury Secretary nominee Janet Yellen expressed her support for the new president’s $1.9 trillion fiscal stimulus spending plan and […]
The Q4 earnings season is at hand, with many Wall Street firms set to report their results this week. By next week, major American banks and the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) should have all dropped their earnings report, which is expected to shake things up for the Nasdaq 100 (NDX), S&P […]
The recent announcement that President-elect Joe Biden is considering a $1.9 trillion stimulus package has swept the momentum out of the tech-heavy Nasdaq 100 (NDX), at least in the near-term. The index has fallen by about 2% from its recent all-time high at 13110 on January 8, as the possibility of additional stimulus measures sends […]
