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Market Insights: Friday, December 20th, 2024

Market Overview

U.S. markets closed on a high note Friday, rebounding from earlier losses as fresh inflation data painted a somewhat brighter picture of economic conditions. The Dow Jones Industrial Average rose 1.26%, the S&P 500 gained 1.15%, and the Nasdaq Composite climbed 0.93%, all driven by ...

Market Insights: Thursday, December 19th, 2024

Market Overview

The Dow Jones Industrial Average ended its longest losing streak in 50 years, closing slightly above the flat line on Thursday. This modest gain came as markets attempted to recover from the prior day's sharp sell-off triggered by the Federal Reserve's hawkish stance on interest rat...

Market Insights: Wednesday, December 18th, 2024

Market Overview

Stocks faced steep losses on Wednesday following the Federal Reserve's announcement of a 25 basis point rate cut, paired with a more cautious projection for rate reductions in 2025. The Dow Jones Industrial Average dropped 2.6%, shedding over 1,000 points, marking its tenth consecut...

Market Insights: Tuesday, December 17th, 2024

Market Overview

The Dow Jones Industrial Average marked its ninth straight losing session on Tuesday, falling 0.6% as markets awaited the Federal Reserve's decision. This drop extended the Dow's longest losing streak since February 1978, when it also fell for nine consecutive days. The S&P 500 mirr...

Market Insights: Monday, December 16th, 2024

Market Overview:

The Nasdaq Composite soared to new record highs on Monday, propelled by gains in major tech stocks and optimism surrounding bitcoin’s continued rally. Tesla, Google, Amazon, and Apple all reached fresh highs, contributing to the Nasdaq's 1.24% increase. The S&P 500 edged closer to ...

Market Insights: Friday, December 13th, 2024

Market Overview:

Despite notable performances in select tech stocks, Wall Street ended Friday with mixed results. The Nasdaq Composite rose 0.1%, buoyed by Broadcom’s remarkable surge to all-time highs, driven by an AI-driven sales forecast that exceeded expectations and pushed its market cap past ...

Market Insights: Thursday, December 12th, 2024

Market Overview:

Wall Street faced a setback as fresh inflation data challenged the optimism of investors banking on continued rate cuts. The Dow Jones Industrial Average dropped 0.56%, the S&P 500 declined 0.51%, and the tech-heavy Nasdaq Composite fell 0.65%, signaling a pause in the recent rally...

Market Insights: Wednesday, December 11th, 2024

Market Overview:

The Nasdaq crossed the 20,000 mark for the first time ever as Big Tech stocks soared, buoyed by favorable inflation data that reinforced expectations of a Federal Reserve interest rate cut. The Nasdaq Composite jumped 1.76%, propelled by a blistering rally in the "Magnificent Seven...

Market Insights: Monday, December 9th, 2024

Market Overview:

US stock markets pulled back from record highs on Monday as Nvidia faced pressure amid a Chinese antitrust probe, and investors braced for this week’s critical consumer inflation report. The Dow Jones Industrial Average dipped 0.54%, extending its losing streak from last week. The ...

Market Insights: Friday, December 6th, 2024

Market Overview:

U.S. stocks ended a volatile week with mostly positive performance on Friday following the release of a closely watched jobs report. The Nasdaq led gains, climbing 0.78%, while the S&P 500 rose 0.19%. The Dow, however, slipped 0.26% amid weakness in cyclicals. The U.S. economy adde...

Market Insights: Thursday, December 5th, 2024

Market Overview:

U.S. stocks paused their recent rally on Thursday as investors awaited Friday’s crucial jobs report and digested fresh economic data. The Dow led losses with a 0.55% decline, while the S&P 500 and Nasdaq each dipped 0.16%. Bitcoin pulled back after reaching a milestone of over $103...

Market Insights: Wednesday, December 4th, 2024

Market Overview:

The stock market continued its impressive rally on Wednesday as tech stocks fueled gains across all major indices, leading to record closes. The Nasdaq surged 1.3% to a new high of 19,735.12, while the Dow climbed 0.7%, closing above 45,000 for the first time ever. The S&P 500 also...