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Daily-Wrap

Market Snapshot: Tech Turmoil and Economic Outlook Weigh on U.S. Stocks

The S&P 500 closed sharply lower Thursday as a tech rout led by Meta and Microsoft, combined with hotter inflation data, clouded prospects for deeper Federal Reserve rate cuts. The Dow fell 378 points (0.9%), the S&P 500 dropped 1.9%, and the NASDAQ plummeted …

Team Kalkine | 01 November 2024

Market Wrap-Up: U.S. Stocks Slide Amid Earnings Disappointments and Economic Concerns

U.S. stocks closed lower on Wednesday as investors digested corporate earnings amid signs of a cooling economy. The S&P 500 fell 0.3%, Nasdaq 100 dropped 0.6%, and the Dow lost 91 points.

Team Kalkine | 31 October 2024

Market Snapshot: Mixed Signals as Tech Soars, Economic Data Looms, and Commodities React

US stocks closed mixed on Tuesday as tech shares fueled gains ahead of key earnings and economic data. The Nasdaq 100 surged 1%, nearing a record high, while the S&P 500 rose 0.2% and the Dow fell 0.3%. Labor reports showed declining job openings, …

Team Kalkine | 30 October 2024

Market Update: US Stocks Gain as Geopolitical Tensions Ease; Key Economic Data Ahead

US stocks closed Monday in the green! The S&P 500 and Nasdaq rose 0.3%, while the Dow added 274 points. Relief spread as Israeli airstrikes on Iran avoided key facilities. Key economic releases, including GDP growth and PCE inflation, are on the horizon as …

Team Kalkine | 29 October 2024

US Stocks Climb Amid Earnings Season; Global Commodities and China Rally

US stocks climbed on Friday, with the S&P 500 up 0.5%, the Dow adding 160 points, and the Nasdaq gaining 0.6%! Earnings season is in full swing, with over a third of S&P 500 companies reporting. Treasury yields pulled back as concerns about slower …

Team Kalkine | 28 October 2024

Market Roundup: Tesla's Surge Sparks Mixed Trading as Yields Retreat

US stocks closed mixed as markets reacted to earnings and a dip in bond yields. The S&P 500 rose 0.2%, snapping a three-day losing streak, while the Nasdaq climbed 0.8%. The Dow fell 120 points, impacted by declines in IBM, Honeywell, and Boeing. Also, …

Team Kalkine | 25 October 2024

Market Overview: Indices Retreat Amid Rising Yields and Geopolitical Tensions

All three major US indices closed sharply lower on Wednesday, with the S&P 500 down 0.9% and the Nasdaq falling 1.6%, as rising Treasury yields and rate cut concerns weighed on the market. The Dow Jones lost 4.9 points, marking its worst day in …

Team Kalkine | 24 October 2024

Gold Soars, Mortgage Applications Slide, and Earnings Season Heats Up!

Gold hits a new record, soaring past $2,750/oz! Amid geopolitical tensions and macro uncertainties, investors flock to safe havens. The US election tightens the race, while central banks’ easing adds fuel. Meanwhile, WTI crude dips to ~$70/bbl as US stockpiles rise. Natural gas hovers …

Team Kalkine | 23 October 2024

US Stock Futures Dip Amid Economic Optimism and Mixed Earnings Reports

US stocks declined on Monday after their strongest weekly performance of the year, with the S&P 500 down 0.6%, Dow Jones dropping 0.9%, and Nasdaq 100 slipping 0.5%. Traders brace for a busy earnings week from major firms like Tesla, Boeing, and Coca-Cola.

Team Kalkine | 22 October 2024
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