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US equity markets retreated as investors continued to ponder the latest observations from Federal Reserve Chair Jerome Powell delivered a day earlier, and comments from a parade of central bank officials overnight - Dow fell -208-points or -0.61%. Salesforce Inc rose ~0.8% in extending trading (after falling -0.96% in regular trading) following reports a fifth activist investor, Third Point LLC, h...

US equity markets advanced after a volatile session as investors digested the latest observations from Federal Reserve Chair Jerome Powell - Dow gained +266-points or +0.78%, The broader S&P500 +1.29%, with Energy (up +3.08%), Communication Services (+2.48%) and Information Technology (+2.46%) climbing over >2.5% to lead eight of the eleven primary sectors higher. The more defensive Consume...

US equity markets retreated as investors eyed a fresh rise in Treasury yields following last Friday’s (3 February) jobs report, and a speech from Federal Reserve Chair Jerome Powell tonight AEST - Dow slipped -35-points or -0.10%, paring an earlier decline of over >240-points. The broader S&P500 fell -0.61%, with Communication Services (down -1.31%), Information Technology (-1.22%) and Mate...

US equity markets retreated on Friday (3 February) as investors digested the latest jobs report and any monetary policy implications - Dow fell -128-points or -0.38% despite Apple Inc (up +2.44%) bucking the weaker trend following the release of their fourth quarter result after the closing bell of last Thursday’s (2 February) session that saw revenue, profit, and sales fall short of consensus for...

US equity markets climbed as investors seized on signs that interest rates are close to peaking on both sides of the Atlantic - Dow slipped -39-points or -0.11%, The broader S&P500 gained +1.47%, with Communication Services (up +6.74%) leading seven of the eleven primary sectors higher. Consumer Discretionary (+3.08%) and Information Technology (+2.78%) both climbed over >2.5%, while Energy...

US equity markets staged a late, sharp rebound as investors digested the latest observations from Federal Reserve Chair Jerome Powell following the conclusion of the central bank’s latest two day monetary policy meeting - Dow settled +7-points or +0.02% higher after sliding over >500-points earlier in the session. The broader S&P500 rose +1.05% to 4,119.21, reversing an earlier decline of a...

US equity markets rallied as solid corporate earnings releases and encouraging inflation data pushed the S&P 500 to its best January since 2019 - Dow rose +369-points or +1.09%, The broader S&P500 gained +1.46%, with Materials and Consumer Discretionary both gaining +2.22% to lead all eleven primary sectors higher. PayPal Holdings Inc rose +2.32% following reports that Chief Executive Offi...

US equity markets retreated ahead of a week full of high-profile risk events, including key central bank interest rate decisions and economic data, and major US corporate earnings releases - Dow fell -261-points or -0.77% . The broader S&P500 dropped -1.30% , with Energy (down -2.29%) , Information Technology (-1.94%) , Communication Services (-1.80%) and Consumer Discretionary (-1.71%) all fa...

US equity markets rallied to cap a strong week that saw investors weigh a host of key corporate earnings releases and key economic data, and as investors eye another busy week ahead on the earnings calendar along with some key global central bank interest rate decisions – Dow edged +29-points or +0.08% higher to book a sixth consecutive session of gains and longest winning streak since late Octobe...

US equity markets rallied as investors continued to comb through the latest batch of corporate earnings releases, and after a stronger-than-expected fourth quarter gross domestic product (GDP) print - Dow rose +206-points or +0.61%, The broader S&P500 advanced +1.10% to 4,060.43 and a near two month high, with the Energy sector (up +3.32%), Consumer Discretionary (+2.03%), Communication Servic...

US equity markets mixed as investors continued to digest the latest batch of corporate earnings releases - Dow rose +104-points or +0.31%, booking a third straight session of gains. The broader S&P500 dipped -0.07%, with Communication Services (-0.69%) and Health Care (-0.65%) both down over >0.5% and leading five of the eleven primary sectors lower. Industrials sat atop the primary sector...

US equity markets continued their strong start to 2023, with both the S&P500 and Nasdaq posting their highest settlements since 2 December last year - Dow gained +254-points or +0.76%. Salesforce Inc rose +3.05% following reports that activist investor Elliott Management Corp has made a multibillion-dollar investment in the software company. The broader S&P500 rose +1.19% to 4,019.81 with...

US equity markets advanced to cap a choppy trading week, with investors eyeing a big fortnight on the corporate earnings calendar - Dow gained +331-points or +1.00%. Goldman Sachs Group Inc fell -2.54% after the Wall Street Journal (WSJ) reported that the Federal Reserve is investigating the investment bank’s consumer business. The regulator is looking into whether Goldman had the right safeguards...

US equity markets - Dow fell -252.40 points or -0.76 % to 33,044.556 , The broader S&P500 -30.01 points -0.76% to 3,898.85 . The Nasdaq -104.74 points or -0.96% to 10,852.27 . The small capitalisation Russell 2000 -18.02 points or -0.97 % to 1,836.35 .

US equity markets accelerated falls into the close following lower than expected retail sales data - Dow fell -613.89 points or -1.81% to 33,296.96, The broader S&P500 -62.11 points -1.56% to 3,928.86, The Nasdaq -138.10 points or -1.24% to 10,957.01. The small capitalisation Russell 2000 -27.82 points or -1.48% to 1,856.47. Microsoft confirmed it will layoff 10,000 or approximately 5% of staf...

US equity markets were mixed as 7 of the 11 sectors dropped lead by Materials and Communication Services - Dow fell -391.76 points or 1.14% to 33,910.85, The broader S&P500 8.12 points or -0.20% to 3,990.97, The Nasdaq bounced on the back of Tesla, 15.96 points or 0.14% to 11,095.11. The small capitalisation Russell 2000 fell 2.95 points or 0.16% to 1,884.08.

European bourses lifted on lower energy prices (Natural Gas futures falling 15% over night) and Chinese re-opening, Janet Yellen is scheduled to meet the Chinese Finance Minister in Zurich this week. The pan-European Stoxx 600 index (which includes UK equities) +0.46%.to . Germany's DAX up +0.3% and France's CAC rose +0.28%. In economic data, German Wholesale prices climbed 12.8%. German economic...

US equity markets climbed as investors weighed a flurry of bank earnings results for the fourth quarter and fresh data on consumer sentiment and inflation expectations - Dow rose +113-points or +0.33% , Caterpillar Inc rose +1.33% to US$258.46, logging a fourth consecutive record closing high after Bank of America analysts turned bullish on the company in the belief that the construction- and mini...

US equity markets advanced as investors digested the latest inflation report that saw the cost of living cool for the first time on a monthly basis since the onset of the COVID pandemic in 2020, while the annual rate of inflation fell for the sixth month in a row - Dow rose +217-points or +0.64%. Walt Disney Co rose +3.61% after the company announced Mark Parker, the executive chairman of Nike Inc...

US equity markets rallied ahead of the release of the latest monthly consumer inflation figures tonight AEST - Dow gained +269-points or +0.80%, The broader S&P500 +1.28%, with Real Estate (up +3.60%) and Consumer Discretionary (+2.68%) climbing over >2.5% to lead all eleven primary sectors higher. Ford Motor Co (up +2.96%) extended its rally into a ninth straight session and logged its hig...

US equity markets climbed as investors continue to eye inflation figures and fourth quarter corporate earnings later in the week - Dow rose +186-points or +0.56%, Boeing Co (down -0.90%) reported that it had delivered 69 planes in December and 152 planes in the 2022 fourth quarter overall, marking its best month of deliveries in four years and the highest quarterly delivery figure since the fourth...

US equity markets retreated, fumbling solid gains logged earlier in the session - Dow fell -113-points or -0.34%, relinquishing an earlier rally of over >300-points. Goldman Sachs Group Inc rose +1.41% following reports the investment banking giant will begin cutting up to 3,200 jobs within days. The cut represents ~6.5% of Goldman’s 49K workforce but is below the worst-case scenario of 3,900 j...

US equity markets rallied sharply on Friday (6 January) after the latest jobs report recorded a cooling in wages growth, ending the first week of 2023 higher - Dow rallied +701-points or +2.13% to 33,630.61, with all 30 index constituents advancing. The index also climbed back above its 50-day moving average (33,346.77).The broader S&P500 gained +2.28%, with Materials (up +3.4%), Information T...

US equity markets’ pre-Christmas rally spluttered overnight following another round of upbeat economic data reinforced expectations the Federal Reserve and other central banks will continue monetary policy tightening into 2023 - Dow fell -349-points or -1.05%, paring an earlier decline of over >800-points. The broader S&P500 lost -1.45%, with Consumer Discretionary (down 2.59%), Information...

US equity markets rallied for a second session following upbeat earnings releases after the close of the previous session from FedEx Corp (up +3.43%) and Nike Inc (+12.18%), and strong consumer confidence data - Dow gained +527-points or +1.60%, The broader S&P500 rallied +1.49%, with Energy (up +1.89%) the leading sector performer for a second session running and lifting all eleven primary se...