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Daily-Wrap

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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