2 August 2024
The S&P 500 started August under heavy pressure in trading on Thursday (1/8/2024) as weaker economic data brought fears of a recession back to the fore. The Dow Jones Industrial Average plunged 669 points, or 1.6%, the S&P 500 slumped 2.8%, and the NASDAQ Composite depreciated 2.8%.
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1 August 2024
The S&P 500 and NASDAQ posted their largest daily percentage gains since February 22; the DJIA crept up on the last trading day of July as chipmaker stocks rallied on sentiment of the Federal Reserve keeping US interest rates unchanged while hinting at possible easing in September if Inflation eases.
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31 July 2024
The S&P 500 and NASDAQ indexes closed in negative territory in Tuesday's trading, weighed down by weaker chip stocks and megacaps ahead of Q2 earnings reports from major Tech companies this week, as the Federal Reserve kicks off its two-day meeting and monitors US labor data that starts coming out one after another; while the Dow Jones Industrial Average managed to post modest gains.
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30 July 2024
Global stocks rose and long-term US bond yields simultaneously fell on Monday (29/07/24) trading, at the start of a week that will be characterized by financial reports and three meetings of the world's central banks, which could possibly make the United States and the United Kingdom open the door to interest rate cuts.
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29 July 2024
Wall Street's major indexes ended higher on Friday trading (07/26/24) on the back of buybacks in the Technology sector especially in large stocks that were hit by a sell-off at the beginning of last week, as well as the release of PCE PRICE INDEX Inflation data encouraging optimism that the Federal Reserve will soon start lowering interest rates. On Friday, the S&P 500 gained 1.11%, while the Nasdaq Composite rallied 1.03%, while the Dow Jones Industrial Average Index shot up 654.27 points, or 1.64%, back above the psychological 40,000 level.
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