The Dow snapped a 13-day win streak Thursday as rally in Meta was offset by weakness in financials and airline stocks amid underwhelming quarterly results and resilient US GDP in the face of an aggressive bout of Federal Reserve policy tightening.
The DOW extended its win streak to a 13th straight day, as investors buried their head in the sand as the Federal Reserve raising interest rates to the highest level in 22 years
Dow notches 10-day winning streak as sector rotation indicates overbought tech; S&P 500 and Nasdaq end mixed amidst varied investor sentiment on monetary policy.
This week’s wrap-up highlights the cautious AI rally, top US earnings picks, investor strategies, Wall Street CEO economic perspectives, Australian job market trends, and an overview of market happenings. Discover more inside.
Despite the Nasdaq’s dip, ASX impact is minimal. Record low unemployment prompts economists to reassess rate forecasts, while commodities exhibit mixed performance amid market uncertainty.
Despite Goldman Sachs’ earnings miss, equities rose for an eighth session. Netflix and Tesla beat expectations, but faced mixed market reactions, while Kinder Morgan underperformed.
Major corporations’ strong quarterly results boosted equities, led by Bank of America, Morgan Stanley, Charles Schwab, and Microsoft, amidst AI optimism and retail sales data.
Tech and financial sectors led Monday’s modest equity rise as investors anticipate key earnings from Wall Street banks and major corporations this week.
Mixed week for equities; Dow gains, NASDAQ and S&P dip. Wall Street’s mixed earnings season unfolds. Healthcare and Tech sectors perform well, but market uncertainty persists.
Unearth the trends of ASX, the rivalries in AI, the shifts in metals market, and changes at the RBA. Decode your financial universe, one piece at a time.
Tech stocks surge, led by Google, amid strong quarterly results from PepsiCo and Delta. AI advances and cooling inflation fuel market optimism despite potential rate hikes.
Equities climbed as slowing inflation data eased pressure on Treasury yields, stirring optimism for a potential final rate hike, fueling a rally in tech and commodities.
