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Closing Recap U.S. stocks surged on Thursday, with the S&P 500 hitting its highest closing level in history, as investors cheered the Federal Reserve’s dovish pivot. While the Nasdaq ended the day in the red, weighed down by a sharp reversal in tech stocks after Oracle’s disappointing earnings, the broader market showed impressive strength. The…
Closing Recap U.S. stocks rallied on Wednesday after the Federal Reserve delivered its third consecutive interest rate cut, but the gains proved fleeting as a disappointing earnings report from Oracle sent futures tumbling overnight. The Fed’s 25-basis-point cut was widely expected, but the accompanying statement and “Dot Plot” signaled a higher bar for future easing,…
Closing Recap U.S. stocks finished mixed on Tuesday after another day of stagnant, low-volume trading as investors anxiously await Wednesday’s pivotal Federal Reserve policy decision. The major indices chopped back and forth, remaining close to their recent highs but lacking the conviction to push higher. The technology sector was a notable outperformer, logging its 12th…
Closing Recap (Week Ending December 12) It was a week of sharp divergence on Wall Street. While the Dow Jones and Russell 2000 touched fresh record highs earlier in the week fueled by the Federal Reserve’s third rate cut of the year, the party ended abruptly for the Technology sector. A massive sell-off in AI…
Closing Recap (Week Ending December 5) U.S. stocks closed the week in positive territory, with the S&P 500 posting its 9th win in the last 10 sessions to finish just 25 points shy of a fresh all-time high. However, the bullish sentiment was not uniform across all assets. While equities ground higher on “soft” volumes…
Closing Recap (Week Ending November 28) U.S. stocks capped a “miraculous” week with a fifth straight day of gains, securing a massive weekly rally (Nasdaq +4.91%) despite a shortened holiday schedule and a major overnight trading outage at CME Group. In currency markets, the US Dollar posted its worst week since July as Fed cut…
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