8 September 2023
The S&P500 and Nasdaq posted declines on Thursday (07/09/23), dragged down by weakness in Apple shares and a massive sell-off in chip-based technology stocks, triggered by fears of a ban on iPhone products in China; while falling jobless claims raised concerns about the direction of interest rates and US inflation control.
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7 September 2023
Wall Street's three major indexes closed in negative territory on Wednesday (06/09/23), with the Nasdaq's 1% loss leading declines after stronger-than-expected services sector data fueled concerns that inflation is still quite heated and will keep interest rates high for some time.
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6 September 2023
U.S. Treasury yields rose after economic data showed resilience and one Fed Official said it suggests that the central bank need not change the benchmark interest rates from its current position of 5.25%-5.50%.
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5 September 2023
With the US stock markets closed due to the Labor Day holiday, investors around the world are looking for direction by taking note of what's happening in Asia & Europe.
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4 September 2023
The Dow and Nasdaq rose 1.4% and 3.2% respectively last week, posting their strongest weekly performance since July. The S&P 500 rose 2.5% for its best week since June after an increase in the Unemployment Rate to 3.8% (from 3.5%) in July, strengthened expectations of a pause in Fed Fund Rate hikes this month, while streaming company stocks plummeted due to a rate dispute between Disney and Charter Communications.
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