MPC Morning Call 29th August – Stocks grind to new record on economic growth surprise
Stock crawled to another record overnight, as investors weighed a surprise uptick in GDP and investor disappointment in Nvidia results.
Stock crawled to another record overnight, as investors weighed a surprise uptick in GDP and investor disappointment in Nvidia results.
Stocks eked out a fresh record in the S&P500 pre-Nvidia earnings, which beat analysts expectations, but disappointed investors, falling 2.5% in aftermarket trading
Stocks edged higher overnight as rising health care and tech stocks helped offset concerns about President Trumps apparent “hostile takeover” of the Federal Reserve, bringing into question its independence
The broader market was weaker overnight, saved only by strength in Nvidia as investors remain positive on the chipmakers earnings this Wednesday
Stocks headed higher as revived hopes for a September rate cut pushed Treasury yields lower and tech stocks higher after Federal Reserve Chair Jerome Powell signalled the Fed was open to cutting interest rates as soon as next month.
Stocks extended their losing streak to five days overnight, pressured by a fall in retail and tech stocks and concerns about the economy, a day ahead of remarks from Federal Reserve chairman Jerome Powell.
Stocks closed lower for a fourth straight session overnight, as big tech stocks continued to stumble ahead of the Jackson Hole Symposium and chipmaker Nvidia’s results due next week.
Stocks headed lower for a third day ahead of the upcoming Jackson Hole Symposium later this week, with tech stocks feeling the brunt of the pain.
Stocks drifted lower for a second day as investors digested a meeting between Ukraine President Volodymyr Zelensky and U.S. President Donald Trump in Washington and looked ahead to the upcoming Jackson Hole Symposium
Stocks fell Friday amid pressure from weaker consumer sentiment data, a jump in inflation expectations and the key meeting between President Trump and Putin.
Stocks were lucky to eke out a small gain overnight as investors had their selective hearing on full power as inflation numbers came in much higher than expected .
Equites notched a record close for the second day in a row on Wednesday as investors weighed the prospect of a Federal Reserve rate cut as soon as next month and an ongoing slew of mostly upbeat quarterly earnings.