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Daily Market Analysis

13 September 2023
Nasdaq Slips as Oracle’s Plunge Ripples Through Tech Stocks, US Dollar Index Gears Up for Key Inflation Data

In a mixed day for the financial markets, the Nasdaq Composite faced a 1.04% decline on Tuesday, spurred by Oracle’s sharp 13.5% drop following disappointing results. This decline, though not a massive stock, reflects broader business spending trends and impacted …

12 September 2023
Tech Stocks Rally, Dollar Declines, and Market Awaits Inflation Data

The stock market opened the week on a positive note, with renewed investor interest in tech stocks following a recent slump. The Nasdaq Composite led the charge with a robust 1.14% gain, reaching 13,917.89, while the S&P 500 climbed by …

11 September 2023
Week Ahead: Markets to Focus on US CPI, US PPI, and ECB Rate Decision

Of particular interest to traders this week will be the US Consumer Price Index (CPI), the US Producer Price Index (PPI), and the European Central Bank’s (ECB) Rate Decision. These items have the potential to significantly impact the markets. Exercise …

8 September 2023
Market Declines Amid Fed Rate Hike Concerns and Tech Sector Woes

The Nasdaq Composite extended its four-day decline on concerns of future Federal Reserve interest rate hikes, leading to a 0.89% drop, while the S&P 500 slipped 0.32%, and the Dow Jones Industrial Average added 0.17%. Apple’s shares fell 2.9% due …

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