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Markets, Stocks

U.S. stock markets rise; Nvidia retains interest

June 20, 2024 OnEquity

U.S. stocks rose on Thursday, with the technology industry leading the way ahead of the release of employment and housing-related economic data. The major indices are shaping up for a positive week, with the S&P 500 and the NASDAQ Composite hitting new records on Tuesday, thanks to earnings from market darling Nvidia (NVDA).  The stock […]

Markets, Stocks

U.S. stocks advance ahead of retail sales release

June 18, 2024 OnEquity

U.S. stocks were trading slightly higher on Tuesday ahead of the release of key retail sales data, a major driver of the U.S. economy. The major indices closed Monday’s trading day higher, with the Dow Jones Industrial Average up just under 190 points, or 0.5%, the S&P 500 up 0.8% and the Nasdaq Composite rising […]

Markets, Stocks

U.S. stock markets rise in anticipation of Fed interest rate decision and CPI data

June 12, 2024 OnEquity

U.S. stocks rose on Wednesday, supported by stronger-than-expected May inflation data before the end of the Federal Reserve’s latest policy meeting. Fed meeting and CPI data U.S. consumer prices increased less than expected on an annual basis in May, as the consumer price index rose 3.3% over the prior year, slowing only slightly from April’s […]

Markets, Stocks

U.S. stocks down; Fed meeting and CPI in focus

June 11, 2024 OnEquity

U.S. stocks declined on Tuesday amid caution ahead of the start of the Federal Reserve’s latest meeting and the release of important inflation data later in the week. The major U.S. averages posted new all-time highs on Monday, with the S&P 500 and Nasdaq Composite reaching new records, while the Dow Jones Industrial Average rose […]

Markets, Stocks

U.S. stock markets fall ahead of Federal Reserve meeting and inflation release

June 10, 2024 OnEquity

Stocks in U.S. equity markets weakened on Monday, shedding some of last week’s significant gains ahead of this week’s Federal Reserve meeting, as well as key inflation-related data. Wall Street’s major indexes posted some losses on Friday, as a blowout nonfarm payrolls report prompted markets to rethink expectations for the central bank’s rate-cutting cycle. Increasing […]

Markets, Stocks

U.S. Stocks Gain on Slower ADP Payroll Growth, Fueling Rate Cut Speculation

June 5, 2024 OnEquity

U.S. stocks posted gains on Wednesday as weak labor market data fueled hopes that the Federal Reserve will cut interest rates to support growth this year.  Private payrolls disappointed in May  Private payrolls grew at a slower-than-expected pace in May, with firms adding 152,000 workers, down from a downwardly revised 188,000 last month, according to […]

Markets, Stocks

U.S. stock markets retreat in light of key employment data; GameStop appears shaky

June 4, 2024 OnEquity

U.S. stock indices fell on Tuesday as investors awaited key U.S. labor market data and potential interest rate cuts in Europe and Canada this week. Indices experienced volatility at the week’s start, as weak economic data depressed the Dow Jones Industrial Average, which lost about 115 points, or 0.3%, while falling bond yields helped the […]

Markets, Stocks

U.S. stock markets mixed ahead of jobs report release

June 3, 2024 OnEquity

U.S. stocks traded mixed ahead of a new month of trading after Wall Street’s major indexes posted strong gains in May. Bets on a rate cut in September increase after PCE data Wall Street indexes rose on Friday after data on the personal consumption expenditures price index, which is the Fed’s preferred indicator, met expectations […]

Markets, Stocks

U.S. stock markets retreat from highs; Fed and Salesforce in focus

May 29, 2024 OnEquity

US stock indices fell on Wednesday and fluctuated after the Nasdaq index hit new highs, with attention focused on upcoming inflation data and more signals about interest rates. The Nasdaq Composite ended Tuesday up 0.6% at a new all-time high, supported by strong gains in Nvidia (NVDA), Wall Street’s third-biggest stock by market capitalization. The S&P 500 […]

Markets, Stocks

U.S. stocks rise as more results and clues are awaited 

May 20, 2024 OnEquity

US stock indices are barely higher on Monday, with sentiment somewhat guardedly optimistic as more signals about interest rates and earnings are expected this week. More signals from the Fed and PMI data are expected this week This week, the focus will be on further signals from the Federal Reserve about the future of interest rates, as […]

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