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Mixed Market Sentiment and Economic Data Shape Trading Ahead of Holidays

US markets faced mixed sentiment as consumer mood unexpectedly declined for the first time in three months, raising concerns about the economic outlook. Investors are focused on the Federal Reserve's 2025 policy, with expectations of fewer rate cuts, while soft US PCE data has …

Team Kalkine | 24 December 2024

US Stocks Rebound, Bitcoin ETFs See Record Outflows, and Gold Hits $2,620 - Key Moves and Trends for December

Index Update- US stocks bounced back on Friday, recovering from early losses to trade 1.5% higher. The S&P 500 rose 1%, Nasdaq up 0.8%, & Dow gained 497 points. Markets reassessed the impact of fewer Fed rate hikes next year, bolstered by softer November …

Team Kalkine | 23 December 2024

ACM Research (NASDAQ:ACMR) Updates FY24 Outlook, Expects Revenues Between USD 725M and USD 745M

ACM Research, Inc. (NASDAQ:ACMR) designs, produces, and sells semiconductor process equipment for critical wet cleaning, electroplating, polishing, thermal processes, and wafer-level packaging in advanced manufacturing.

Team Kalkine | 21 December 2024

Market Insights: Economic Data, Commodity Pressures, and Stock Trends

On Thursday, the Dow rose 0.04%, ending a 10-day losing streak, while the S&P 500 and Nasdaq fell by 0.09% and 0.1%, respectively. All three major indices are set to close the week with significant losses following the Federal Reserve's hawkish stance.

Team Kalkine | 20 December 2024

Market Recap: Fed's Rate Hike Impact, Bitcoin Surge, and Oil Price Drop

On Wednesday, the Dow dropped 1,123.03 points (2.58%), marking its longest losing streak since 1974, while the S&P 500 and Nasdaq fell by 2.95% and 3.56%, respectively. The decline followed the Federal Reserve's quarter-point rate cut and its announcement of fewer rate reductions next …

Team Kalkine | 19 December 2024

Coinbase (NASDAQ: COIN) Turns Profitable In Q3FY24 As Revenue Jumps 79% Amid Rising Crypto Prices

Coinbase Global, Inc. (NASDAQ:COIN),a secure online platform for cryptocurrency, is a holding company of Coinbase, Inc. and its subsidiaries. It offers a platform for users to discover, trade, stake, store, spend, earn, and manage their crypto assets.

Team Kalkine | 18 December 2024

"Daily Market Recap: Indices Dip, Fed Expectations, and Bitcoin Trends"

On Tuesday, the Dow fell 0.61%, marking its longest losing streak since 1978, while the S&P 500 and Nasdaq dropped 0.39% and 0.32%. Most S&P sectors declined, with industrials, energy, and financials leading; Nvidia and Broadcom faced sharp losses, but Tesla gained 3.6%.

Team Kalkine | 18 December 2024

Three Crypto ETFs Soar with ~90% Returns in 2024

Bitcoin has reached a significant milestone, surpassing USD 100,000 for the first time this month, driven by a shift in political winds following the U.S. presidential election. The victory of Donald Trump, who has promised to transform America into "the crypto capital of the …

Team Kalkine | 17 December 2024

US Stocks Rise Ahead of Fed's Rate Cut Decision; Broadcom Hits $1T, Oil Drops on Weak Demand

Index Update- US stocks were up on Monday: S&P 500 +0.3%, Nasdaq +0.5%, and Dow Jones rising nearly 70 points after a slow start. Investors are eyeing the Fed's expected 25bps rate cut & updated economic projections, especially for 2025. Strong growth in services …

Team Kalkine | 17 December 2024

Mixed Market Moves Ahead of Fed Meeting: Tech Losses, Broadcom Surge, and Commodities Outlook

Index Update- On Friday, the S&P 500 closed mostly flat, while the Nasdaq gained 0.1%. The Dow dropped 86 points, extending its losing streak to seven sessions, the longest since 2020. The broader market showed mixed results amid concerns over the Fed’s policy and …

Team Kalkine | 16 December 2024
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