Blog
Market Overview
Today, the stock market rally lost some steam as the S&P 500 and Dow slipped from their record highs. Despite some early gains, all three major indices closed mixed as investors continue to debate the health of the economy and the likelihood of another major rate cut. Concerns about...
Market Overview
The S&P 500 and Dow hit fresh records, while Chinese stocks took off thanks to new stimulus measures by China’s central bank. After dipping briefly, stocks bounced back following a lower-than-expected consumer confidence reading. The Conference Board's index dropped to 98.7 in Septe...
Market Overview
Stocks continued their September rally on Monday, with the Dow Jones and S&P 500 barely squeezing out record highs. Investors are keeping an eye on comments from Federal Reserve officials and upcoming inflation data to gauge the chances of another big rate cut. There are still conce...
Market Overview
The Dow managed to notch another record at the end of a winning week for stocks, even though Friday's action was more subdued. US stocks ended mixed as the initial excitement over the Fed's rate cut started to wear off. Still, the Dow Jones Industrial Average (^DJI) stayed above 42,...
Market Overview
US stocks skyrocketed, with the Dow Jones Industrial Average (^DJI) closing above 42,000 for the first time ever, as optimism surged that the Fed's big rate cut could lead to a "soft landing" for the economy. Investors rallied after the Fed kicked off its new rate cycle with a 50-ba...
Market Overview
The Federal Reserve cut interest rates by half a percentage point on Wednesday and laid out plans for two more cuts this year, with four additional cuts set for 2025. This marks the Fed's first rate cut since 2020, officially ending its most aggressive inflation-fighting strategy si...
Market Overview
Stocks ended Tuesday pretty much where they started, as investors were left unsure about the size of the Federal Reserve's expected rate cut. With just one day left before the Fed wraps up its policy meeting, Wall Street is still debating the chances of a 0.5% cut. The two-day meeti...
Market Overview
Stocks were all over the place on Monday, with tech shares having a rough time as everyone gears up for a big week, mostly focused on the Federal Reserve's first interest rate cut in four years. In general, the market is split, with some betting that the Fed might go for a bigger-th...
Market Overview
US stocks picked up steam on Friday afternoon, paving the way for some solid weekly gains. This came after Wall Street’s hopes for a big interest rate cut by the Federal Reserve jumped overnight, sending a wave of optimism through the market. Everyone’s betting on a major move from ...
Market Overview
US stocks surged on Thursday as investors took in the latest inflation and labor data, while also keeping an eye on the growing anticipation of a potential quarter-point interest rate cut next week. Everyone's trying to figure out how the numbers will impact the Fed’s next move. Thi...
Market Overview
U.S. stocks staged a head turning rally today as the markets reacted to the latest Consumer Price Index (CPI) report, which came in largely in line with expectations but slightly hotter on the month-over-month metric. This news removed a major catalyst from the week, leaving the mar...
Market Overview
U.S. stocks had a mixed close on Tuesday as investors braced for an upcoming consumer inflation report that could be key in shaping the size of the first U.S. interest rate cut in years. After a rebound on Monday, where the S&P 500 tried to recover from its worst week since early 20...
