The S&P 500 and Nasdaq have been bullish this week
The S&P 500 and Nasdaq have been bullish this week 63.250.41.72 Source link
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US stocks open higher on retail sales boost
Wall Street‘s main indexes opened higher on Thursday as retail sales data for July indicated resilient consumer spending, allaying fears of an imminent recession in the world’s largest economy. The Dow Jones Industrial Average rose 287.3 points, or 0.72%, at the open to 40295.74. The S&P 500 rose 45.9 points, or 0.84%, at the open…
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S&P 500 and Nasdaq: Nasdaq rises to new high on Friday
The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. On Friday, the Nasdaq climbed to a new weekly high at the 18533.5 level. S&P 500 chart analysis The S&P 500 index managed to climb to a new weekly high this morning at 5349.7. The index has been…
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Nasdaq Eyes SEC Approval for BlackRock Ethereum ETF Options
The crypto markets are buzzing with the news of BlackRock’s proposal to the SEC. On Tuesday, August 6, 2024, the American multinational investment company filed the petition involving options trading. It wants to list them on its Ethereum exchange-traded fund (ETF) and iShares Ethereum Trust (ETHA). BlackRock submitted its proposal to the SEC via the…
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Market Turmoil Intensifies With Deepening Recession Fears – Action Forex
The financial markets were marked by significant turbulence this last week again, dominated by risk aversion. Evidence are surfacing that the US economy is heading for a recession, or even hard landing. Speculation is mounting that Fed might be compelled to implement aggressive rate cuts, totaling 75 basis points or even a full percentage point…
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Forex Trading Glossary E-F – Forex Forum
Forex Trading Glossary E-F Economic IndicatorMeasures the strength or weakness of all or part of a country’s economy. EMASee Exponential Moving Average Engulfing – Bullish and Bearish(Candlestick Reversal Pattern) The first bar of the pattern is a long black/white day, which is then followed by a white/black candlestick that completely engulfs the total range…
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Forex Trading Glossary A-B – Forex Forum
Forex Trading Glossary A-B ABC WaveA term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price movement. Account Balance (Account Information)The section of a trading screen that shows the amount of money in a…
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US stocks steady at open after retail sales data
Wall Street indexes opened flat to slightly higher on Tuesday following soft retail sales data, with commentary awaited from a slew of Federal Reserve officials later in the day. The Dow Jones Industrial Average rose 1.02 points at the open to 38,779.12. The S&P 500 opened higher by 2.92 points, or 0.05%, at 5,476.15, while…
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Nasdaq 100: Minor Melt-Up Sequence May Have Hit a Roadblock – Action Forex
The Dow Jones Industrial Average (DJIA) has given up all its ex-post US CPI intraday gains triggered by losses inflicted on the 10-year US Treasury Note futures. The ongoing weakness seen on the DJIA may act as a drag on the Nasdaq 100. Watch the 19,800 pivotal resistance on the Nasdaq 100 for a potential…
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Stock Futures Rise as Fed Decision Looms
Key Points Dow Jones, S&P 500, and Nasdaq 100 futures each saw a 0.1% rise as investors awaited the Fed’s rate decision and May’s inflation data. Oracle’s stock surged 9% on new cloud partnerships with Google and OpenAI, despite missing earnings expectations. Apple’s AI announcements lifted the S&P 500 and Nasdaq to record highs, though…
