11 July 2023
The Dow Jones Industrial Average closed higher early this week, rebounding from a slip last week as investors awaited key economic data, US CPI & PPI, for June which are due to be released next Wednesday & Thursday.
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10 July 2023
The US market notched a weekly loss on Friday as traders weighed a weaker monthly jobs report for June (that missed esstimates for the first time in 15 months), against expectations that the Federal Reserve still remains likely to resume rate hike later this month.
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7 July 2023
The Dow Jones closed lower by 366 points/1.1% on Thursday (06/07/23), leading the weakness between the Nasdaq and the S&P 500, as economic data showing the job market continues to run hot sparked a flurry of bets on further Federal Reserve rate hikes; sending Treasury yields surging higher ahead of the monthly jobs report due Friday.
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6 July 2023
The US markets digested the Federal Reserve's minutes from its June meeting, which showed further appetite to resume hike, bringing the major stock indexes down just under 0.5%. Nearly 90% of traders expect the Fed to resume rate hike in July, according to Investing.com's Fed Rate Monitor Tool.
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5 July 2023
Global stock markets were flat, searching for direction with Wall Street set to remain closed on Tuesday for the 4th of July holiday. The markets were looking for clues from economic data announcements.
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