Pre-Market Pulse 20th May – Wall Street Shrugs as US Debt Warnings Mount
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
The S&P 500 rose for a fourth consecutive session, gaining 0.41% to close at 5,916.93, as easing U.S.-China trade tensions and falling Treasury yields lifted market sentiment. The Dow Jones Industrial Average advanced 271.69 points (+0.65%) to 42,322.75, while the Nasdaq Composite edged down 0.18% to 19,112.32 despite strong tech performance earlier in the week.
Stock squeezed out a small gain, led by tech, a day after turning positive for the year amid ongoing optimism surrounding the U.S.-China trade deal.
Stock closed slightly higher overnight as data showing inflation slowed in April supported bullish sentiment on risk just days after the U.S.-China trade deal agreement.
Stock market investors rejoiced overnight with the major indices soaring 3%+ after the White House announced an easing of escalated tariffs and agreeing to a 90 day “truce”, easing fears of prolonged trade war.
Stocks drifted lower Friday night as global markets remained on edge as high-level U.S. and Chinese officials meet in Geneva for the first substantive talks.
Stocks rallied over night as President Trump announced a trade deal between the U.S. and the U.K., which he described as the “first of many,” stoking hopes for a flurry of trade deals ahead.
Stocks swung between gains and losses before closing higher overnight, as rise in chip stocks helped offset a slump in Alphabet and the Federal Reserve hawkish pause.
Stocks drifted lower overnight as investors mulled the lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due tomorrow morning.
Stocks snapped a nine-day winning streak, driven by a fall in energy and caution as traders awaited an update on trade deals as US ports empty and investors await the Fed decision due later this week.
Stocks closed higher for a ninth-straight day Friday, notching its longest winning streak in more than 20 years as a strong jobs growth as well as on hopes of a lessening of tensions between China and the U.S. over trade.