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 […]
The US stock market was in a consolidation range for most of Wednesday due to the anticipation of the Fed rates decision, only to end the day in a strong bullish trend as investors celebrated the central bank’s dovish tone. While the Fed’s stance could cause the US dollar to drop even further and—based on […]
The Nasdaq 100 (NDX) made significant gains yesterday amid the fresh optimism over an additional stimulus package following Monday’s statements by Treasury Secretary Steven Mnuchin that lawmakers are close to agreeing on a $1 trillion stimulus deal. It is believed that the proposal will include another round of $1,200 checks. Meanwhile, the Nasdaq Composite (NASDAQ […]
Barely three days after the Nasdaq 100 (NDX) biggest surge since April, most of those gains have been erased and warnings that tech stocks are in a bubble are getting louder. Wall Street veteran, Ned Davis, lent a voice to the increasing worries over the bubble, citing the rate at which the index was advancing […]
