Key Market Drivers & News 1. A Major Shift in Economic Narrative: Unprecedented Employment Report: The July jobs report came as a shock to the market. The previous two months’ job creation figures were revised downwards significantly, with some reports suggesting up to 90% of previously announced jobs disappeared from the data. The July report … Read more
Market Performance Overview (Current Day) S&P 500: Declined 0.37% to 6,339.39, continuing a recent downward trend. Nasdaq: Slightly down 0.03% to 2122.45, with strong performance in some tech giants unable to lift the index. Dow Jones: Dropped 0.74% to 44,130.98, impacted by weakness in healthcare and other sectors. Gold: Down 0.27% to $3,343.60 per troy … Read more
Market Performance Overview (Current Day) S&P 500: Declined slightly by 0.12% to close at 6,362.90, showing a pause after recent gains. Nasdaq: Rose 0.15% to 2129.67, driven by strength in Nvidia. Dow Jones: Fell 0.38% to 44,461.28, continuing yesterday’s slide. Gold: Decreased significantly by 1.58% to $3,328.50 per troy ounce. Oil (WTI): Extended gains for … Read more
Market Performance Overview (Current Day) S&P 500: Declined 0.3% to 6,370.86, taking a breather after recent highs. Nasdaq: Fell 0.38% to 2198.29, with upward momentum somewhat constrained. Dow Jones: Down 0.46% to 44,632.99, pressured by disappointing UnitedHealth earnings. Gold: Rose slightly by 0.04% to $3,323.30 per troy ounce. Oil (WTI): Increased over 4% to $69.46 … Read more
Market Performance Overview (Current Day) S&P 500: Up slightly by 0.02% to 6,389.77. Nasdaq: Rose 0.33% to 2178.58, showing limited upside despite record-high expectations. Dow Jones: Down 0.14% to 44,837.56, reflecting a mixed sentiment. Volatility Index (VIX): Up 0.1% to 15.03, but still at a relatively low level. Gold: Declined 0.54% to $3,317.70 per troy … Read more
Recent US stock market performance saw a robust rally. This contrasted with Moody’s downgrade of the US sovereign credit rating. This analysis explores these market movements. It covers Moody’s assessment of US debt. It also examines Buffett’s concerns about the dollar. Underlying trends shape Treasury yields and trade balances. Understanding these elements is paramount for … Read more
