The S&P 500 and Nasdaq Composite ended Thursday with small losses ahead of a major jobs report, retreating from record highs hit the day before. The Dow, however, edged up slightly. The S&P 500 and Nasdaq started the day higher and hit intraday records, but then retreated as tech stocks slid. Utilities and industrials also…
In my morning forecast, I drew attention to the level of 1.2779 and planned to make market entry decisions based on it. Let’s look at the 5-minute chart and see what happened. The rise and formation of a false breakout there led to a sell signal, but after moving down by 12 points, the pressure…
The Dow Jones Transportation Average (.DJT) is down about 5% this year, in stark contrast to the S&P 500’s (.SPX) 9% year-to-date gain and the Dow Jones Industrial Average’s (.DJI) 1% gain, which topped 40,000 for the first time this month. While major indexes like the S&P 500, Nasdaq Composite (.IXIC), and Dow have all…
The main events by the morning: May 30 Source link
At the close of the trading day on Monday, the US stock market showed positive dynamics, spurred by strong growth in the technology sector, utilities and commodities segment. The Dow Jones Industrial Average rose slightly, adding 0.01%. Meanwhile, the broader S&P 500 rose 0.70%, while the tech-heavy NASDAQ Composite posted a 1.10% gain, according to…
Analysts note the gradually growing contrast between India and Indonesia on the one hand and China on the other. The first two developing countries have a clear advantage over China due to the rapid population growth, especially among young people. Experts note that stable population growth in these countries is becoming an increasingly important factor…
Experts are looking forward to the release of the US personal consumption price (PCE) index this Friday, which is a key indicator for the Federal Reserve System (Fed). The data is expected to provide insight into future interest rate movements for the remainder of the year. Markets have already adjusted to the possibility of a…
Business activity in Japan is growing at its fastest pace in almost a year, indicating that economic growth may recover in the second quarter after a decline in the first three months of the year. However, inflationary pressure continues to ease, raising doubts about the Bank of Japan’s ability to continue raising rates without plunging…
Gold prices reached an all-time high on Monday in Asian trading due to rising geopolitical tensions in the Middle East, which increased demand for a «safe haven.» In addition, the general rally in the metals market also contributed to the rise in gold prices. The price of spot gold increased by almost 1%, reaching a…