Strong jobs reports kills prospects of interest rate cut
Wall Street ended the week on a sour note as investors digested a stronger than expected May jobs report sending stocks lower. The U.S. labor market showed unexpected strength in May as payrolls increased by 172,000, more than economists’ forecasts of $88,000, while...
Sell in May and Go Away
Wall Street finished the week on top with all three major averages advancing as investors weighed signs of easing geopolitical tensions in the Middle East, a softer than expected inflation reading, and strong corporate earnings that reinforced optimism around AI...
Market hitting new highs when consumer sentiment hits new lows
Wall Street ended the week higher, though investors navigated sharp swings tied to Treasury yields, Middle East tensions, and another pivotal Nvidia earnings report. Early in the week, concerns about an inflationary shock tied to the Middle East conflict pushed...
Stock Market Rally Running on Fumes
Wall Street ended the week mostly unchanged as investors weighed persistent inflation pressures, surging Treasury yields, and Trump’s visit to China, which concluded without major breakthroughs. Underlying inflation pressures increased in April as the Consumer Price...
No Peace Deal in Sight
Wall Street finished the week sharply higher as investors weighed a stronger-than-expected jobs report, upbeat semiconductor earnings, and escalating geopolitical tensions in the Middle East. The Jobs report reflected an increase of 115K jobs in April,...
Trump Abandons Iran and Shifts Focus to Cuba
The stock market closed the week higher as markets digested a barrage of strong earnings reports from Big Tech firms while weighing the Federal Reserve's divided policy decision and fresh uncertainty around global oil supply. The Fed was in the spotlight after keeping...
Trump Delivers TACOs on Tuesday Once Again
Wall Street’s major averages ended the week with the S&P 500 and the Nasdaq hitting new highs as the conflict in the Middle East continued while oil prices rose. On Tuesday, Trump said the U.S. would extend its ceasefire with Iran until a coordinated plan for an...
The Strait of Hormuz is Open. No! It’s closed again.
Wall Street’s major averages posted big weekly gains, surging to new highs for three consecutive trading days, as positive developments in the Middle East—including a temporary ceasefire deal between the involved countries—raised investors’ enthusiasm. Iran’s regime...
Inflation hits two year high
Wall Street’s main indexes posted weekly gains this week as investors digested hopes of a ceasefire deal between the U.S. and Israel and Iran’s regime. Meanwhile, oil dropped to around the $100 a barrel mark. Geopolitical tension remained heightened after Trump...