Entering a November like no other
Wall Street's bull run took another hit this week, due to a mixed bag of quarterly results from Alphabet, Microsoft, Meta Platforms, Apple, and Amazon. Investors were unhappy with Microsoft's soft Azure cloud revenue growth guidance and Meta's heavy artificial...
A slow grind amidst mixed messages
The S&P halted its longest weekly win streak of the year, the Dow Jones slumped for the week, while the Nasdaq got a boost from Tesla. The S&P and Dow were dragged down by disappointing quarterly performances from industrial giants such as GE, 3M, Honeywell,...
Earnings Blowout?
The benchmark S&P 500 index on Friday notched a six-week win streak, its longest weekly advance of 2024. It also notched its 46th and 47th record close of the year. Meanwhile, it was a historic week for the Dow Jones Industrial Average which surpassed the 43,000...
Market is flashing 21-21-21
Wall Street on Friday posted a five-week win streak for the first time since May. The benchmark S&P 500 crossed and ended above the 5,800 points level in a historic first, while the Dow is fast approaching the 43,000 points milestone. Despite Middle East...
Consumer is king
Friday's payrolls report showed the addition of 254K jobs in the U.S. in September, significantly higher than the 132K consensus. The data pointed to strong hiring in the labor market and led to investors dialing back their expectations for another large 50 basis...
There is no alternative (TINA)
The S&P 500 fell marginally on Friday but ended higher for the week after recording gains in three out of five sessions aided by strong macro data. The Dow Jones Industrial Average posted its 32nd record close for the year on Friday as the latest inflation data...
Guessing the Fed’s next move
It was a historic week for Wall Street, with the S&P 500 closing above the 5,700 points level for the first time ever. Meanwhile, the Dow surpassed and ended above the 42,000 points mark for the first time ever. The advance was driven by what was undoubtedly the...
A good week awaits the economy
The S&P 500 on Friday rebounded from its worst week of the year to post its best week of the year. It was also the first time since June 2022 that the benchmark index fell at least 4% in one week and then rallied more than 4% the next. Last week's selloff had been...
Time to go shopping
The S&P 500 on Friday plunged to its worst weekly performance since early March last year, driven by concerns over economic growth after a slew of soft data during the week, especially on the labor market. That, coupled with historical September weakness, led to a...