Closing Recap U.S. stocks finished mixed on Thursday after another choppy session as investors consolidated positions ahead of next week’s crucial FOMC policy meeting. The small-cap Russell 2000 was the standout performer, gaining nearly 1%, while the Dow and S&P 500 were little changed and the Nasdaq finished slightly higher. The market’s focus remains squarely…
Closing Recap U.S. stocks rallied for the second day of the new month on Wednesday, with the major averages now having risen for seven of the last eight sessions. The buying was broad-based, with the small-cap Russell 2000 surging nearly 2% to lead the gains. The primary catalyst was a much weaker-than-expected ADP private payrolls…
Closing Recap U.S. stocks staged a broad-based rebound on Tuesday, reversing Monday’s fall as investors once again bought the dip, particularly in the beaten-down technology sector. The Nasdaq led the gains with a 0.59% advance, while the S&P 500 also finished in the green. The market was initially choppy, with early gains fading before a…
Closing Recap U.S. stocks kicked off the new month on a soft note, with all major indices finishing in the red after a choppy session. The selling pressure was broad-based, with defensive sectors like Utilities and Healthcare among the biggest drags, while the small-cap Russell 2000 also underperformed. The market appears to be in a…
Closing Recap U.S. stock futures are pointing to a sharply lower open to start the new week and month, as a wave of risk aversion sweeps through global markets. Nasdaq futures are down around 1%, signaling that the tech sell-off is set to resume, while Bitcoin has plunged below $86,000. The cautious mood comes after…
Closing Recap Global financial markets saw a quiet and subdued session on Thursday, with U.S. markets closed for the Thanksgiving holiday. Trading volumes were extremely thin across Europe and Asia, leading to minimal volatility. European indices were mixed, with investors digesting a slew of regional confidence data and minutes from the latest ECB meeting, which…
Closing Recap U.S. stocks rallied for a fourth consecutive session on Wednesday, capping a powerful “V-shaped” recovery from last week’s lows as dovish economic data solidified bets on a December rate cut. All major indices finished higher, with the Dow climbing over 300 points and the small-cap Russell 2000 continuing its strong outperformance. The U.S.…
Closing Recap U.S. stocks rallied for a third straight day on Tuesday, though the major indices finished well off their highs in a choppy session. The market was driven by a fresh wave of dovish economic data, including softer-than-expected retail sales and producer inflation for September, which solidified market expectations for a December interest rate…
Closing Recap U.S. stocks roared back to life on Monday, staging a powerful rally to kick off the holiday-shortened week as dovish commentary from Fed officials reignited hopes for a December interest rate cut. The tech-heavy Nasdaq led the charge, surging an incredible 2.69%, its best day since May, as investors aggressively bought the dip…
Closing Recap U.S. stock futures are pointing to a positive start for the new holiday-shortened week, as investors look to rebound from last week’s sharp sell-off. The main catalyst for the improved sentiment is a significant rebound in expectations for a December interest rate cut from the Federal Reserve, sparked by dovish comments from New…
The Art of Prop Trading