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19

Feb 2024
Week ahead: Eyes on FOMC meeting minutes 

As we delve into the economic calendar for the upcoming week, several pivotal events and data releases promise to provide insight into the global economic landscape. From inflation figures to central bank deliberations and purchasing managers’ indices (PMIs), market participants …

16

Feb 2024
S&P 500 hits 11th record high amidst mixed economic signals and global currency shifts

The S&P 500 notched its 11th record high of the year, leading a positive trend across major U.S. stock indexes, despite mixed economic indicators and a volatile week. Closing at 5,029.73, the index was up by 0.58%, with the Nasdaq …

15

Feb 2024
Stock Market Rallies Led by Lyft Surge Amid Adjusted Federal Reserve Rate Cut Expectations

On Wednesday, the stock market witnessed a significant rebound, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average posting notable gains, driven in part by Lyft’s shares soaring 35% after reporting impressive fourth-quarter earnings. This rally followed a …

14

Feb 2024
Stock Markets Tumble as Inflation Surges, Upending Fed Rate Cut Hopes and Driving Treasury Yields Higher

On Tuesday, stock markets faced a sharp decline following unexpectedly high January inflation data, which sent Treasury yields climbing and dampened hopes for multiple Federal Reserve rate cuts this year. The Dow Jones Industrial Average recorded its worst session since …

13

Feb 2024
Week ahead: week of economic revelations 

As the markets recalibrate from the recent rate and dollar surge, all eyes this week turn to the US CPI and retail sales data for January, potentially marking a pivotal moment for future rate adjustments. With the Federal Reserve’s rate …

9

Feb 2024
S&P 500 Nears Historic Milestone Amid Stock Futures Dip and Currency Market Shifts

Stock futures edged lower on Thursday evening, despite the S&P 500 making headlines earlier in the day by briefly topping the 5,000 mark for the first time during intraday trading, before settling just below this historic level. This slight downturn …

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