Small-cap stocks advanced amid a broad market rally on Thursday after the Federal Reserve lowered interest rates by half of a percentage point on Wednesday.
Small-cap stocks rallied on Thursday, riding the wave of a broad market upswing after the Federal Reserve initiated its much-anticipated rate-cut cycle with a substantial half-percentage point reduction. The small-cap…
The GBP/USD currency pair recently reached a significant milestone, hitting a two-and-a-half-year high of $1.32 on August 27, 2024. Analysts are optimistic that this strong upward momentum will persist through the end of the year, positioning the pound sterling as one of the top-performing global currencies.
Britain's robust economic growth, bolstered by the election of…
Key Takeaways
Markets will be closed for the Labor Day holiday Monday.
While reports on job openings and private-sector hiring will set the stage earlier in the week, August jobs data will capture attention on Friday.
This week's technology company earnings include Broadcom, Hewlett Packard Enterprise, and Zscaler.
Retailers Dollar Tree, Big Lots, and Dick’s…
As August came to a close, stocks rebounded, positioning the S&P 500 just below its all-time high heading into September. However, significant changes have occurred beneath the surface since July.
The Magnificent Seven (MAGS) stocks, once dominant in the market, have struggled to fully recover from recent sell-offs. The year's most popular trade—a bullish bet…
Fears of a US recession are driving global market sell-offs. Equities dropped sharply, the dollar weakened, and bonds and the yen strengthened.
Global financial markets are witnessing a wave of risk aversion, intensifying dynamics that had already begun to emerge late last week when disappointing US economic data sparked fears of a recession in the…
KEY TAKEWAYS
Stock market volatility has surged in recent weeks. Over the last 10 days, the S&P 500's average daily move was 1.02%, the highest since March 2023.
There wasn’t a single day that the S&P 500 moved more than 1% between June 6 and July 9, two days before a soft inflation report surprised…
The U.S. labor market report published today has completely altered the market outlook. This week's data has been quite favorable for the Federal Reserve, which has maintained its stance and continued to indicate a desire for interest rate cuts this year. Today's data likely delays the timeline for these cuts, though upon deeper analysis, some…