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US equity markets retreated, with the losses deepening in the final hour of the session - Dow lost -550-points or -1.56% . JPMorgan Chase & Co fell -3% and Goldman Sachs Group Inc -1.6% The broader S&P500 shed -1.57%. Financials (down -2.32%) and Consumer Services (-2.01%) both fell over >2% to lead all eleven primary sectors lower. The Nasdaq fell -1.54%. Semiconductor and tech hardware stocks ca...

US equity markets modestly weaker after a choppy session, with Russian forces shelling areas around Kyiv and another Ukrainian city overnight, just hours after it pledged to “fundamentally” cut back operations in the areas - Dow eased -65-points or -0.19% . The broader S&P500 lost -0.63%. Consumer Discretionary (down -1.51%) and Information Technology (-1.36%) both declined over >1% to lead seven...

US equity markets extended their recent rally amid signs of some thawing of tensions in the Russia-Ukraine conflict - Dow up +338-points or +0.97% . UnitedHealth Group Inc (down -0.48%) confirmed that its Optum Health unit would buy post-acute healthcare services company LHC Group LHCG in a deal that values LHC Group (up +5.93%) at more than >US$5.5B (US$170 per share). The broader S&P500 rose +1....

US equity markets reversed earlier session losses to settle higher, with technology stocks leading the rebound - Dow up +95-points or +0.27%, recovering from an earlier decline of over >300-points. The broader S&P500 rose +0.71% to 4,575.52, falling short of the 4,587.77 level needed to mark an exit from official correction territory. Consumer Discretionary climbed +2.67% to lead eight of the elev...

US equity markets ended another positive week on a mixed note - Dow up +153-points or +0.44%, with Goldman Sachs Group Inc (up +1.26%) and JPMorgan Chase & Co (+1.23%) among the notable performers and Treasury yields continued to climb. The broader S&P500 added +0.51%. The Energy sector (up +2.28%) climbed over >2% to lead nine of he eleven primary sectors higher on Friday (25 March). Information...

US equity markets advanced, settling near session highs as world leaders met to respond to Russia’s invasion of Ukraine and investors continued to monitor remarks by Federal Reserve officials - Dow up +349-points or +1.02% . The broader S&P500 +1.43%, with Information Technology (up +2.71%) leading all eleven primary sectors higher. Tesla Inc (up +1.48% to US$1,013.92) extended its rally into an e...

US equity markets retreated and settled near their session lows as investors weighed the latest spike in oil prices and hawkish comments from Federal Reserve officials - Dow down -449-points or -1.29% . The broader S&P500 -1.23%, with Financials (down -1.84%), Health Care (+1.77%) and Information Technology (-1.5%) fell 1.5%+ to lead nine of the eleven primary sectors lower. Energy (up +1.74%) was...

US equity markets rebounded following a volatile session on Monday (21 March) - Dow up +254-points or +0.74% . Goldman Sachs Group Inc rose +1.18% and JP Morgan Chase & Co +2.13% The broader S&P500 +1.13%, with Consumer Discretionary (up +2.45%) and Communication Services (+2.01%) both rising over >2% to lead ten of the eleven primary sectors higher. Energy (down -0.66%) was the only primary secto...

US equity markets retreated and bond markets saw aggressive selling after Federal Reserve Chair Jerome Powell underlined the need to quicken the pace of monetary policy tightening, adding that upward pressure on prices from the invasion of Ukraine comes at a time of “already too high inflation” - Dow lost -202-points or -0.58%, paring an earlier decline of as much as -413-points but snapping a fiv...

US equity markets advanced to lift the benchmark indices to their best weekly performance since the week ended 6 November 2020, according to Dow Jones Market Data - Dow climbed for a fifth straight session, settling +274-points or +0.80% higher. Salesforce.com Inc and Apple Inc were among the top gainers in the Dow, rising +3.99% and +2.09% respectively The broader S&P500 gained +1.17%. Informatio...

US equity markets continued to build on a strong rebound as investors digested the latest news out of Ukraine and the outcome of the latest Federal Reserve monetary policy meeting - Dow gained +418-points or +1.23% and is on pace to log its first positive week in the past six. American Express Corp (up +3.52%) was among the leading performers following their Investor Day on Wednesday (16 March), w...

US equity markets logged strong gains after a volatile session that saw the Federal Reserve raise interest rates as expected accompanied by an aggressive policy outlook to combat inflation - Dow gained +519-points or +1.55% after initially declining in the wake of the release of the Federal Reserve’s monetary policy statement. The index swung nearly 700-points from its session lows. JPMorgan Chase...

US equity markets advanced as oil prices retreated below US$100/barrel for the first time since 1 March, while the latest reading of wholesale inflation printed lighter than expectations - Dow rallied +599-points or +1.82% . The broader S&P500 gained +2.14%, snapping a three day losing streak. Information Technology (up +3.49%) and Consumer Discretionary (+3.39%) both climbed over >3% to lead ten...

US equity markets weaker as investors continued to monitor Russia-Ukraine updates and China’s latest COVID-related lockdown ahead of the Federal Reserve’s latest monetary policy decision on Thursday morning AEST (17 March) - Dow settled unchanged , relinquishing an earlier rally of as much as +450-points. Apple Inc fell -2.66% after its supplier and biggest assembler of iPhones Hon Hai Precision I...

US equity markets retreated on Friday (11 March), with the losses accelerating into the close and all three major benchmarks booking another week of losses, after President Joe Biden called for a suspension of normal trade relations with Russia as part of sanctions designed to economically isolate Moscow for its unprovoked attack in Ukraine - Dow fell -265-points or -0.69%, relinquishing modest op...

US equity markets retreated as investors braced for central banks to tighten monetary policy despite Russia’s invasion of Ukraine - Dow eased -112-points or -0.34% . Goldman Sachs Group Inc (-1.11%) became the first major Wall Street bank to pull out of Russia, saying it was winding down its business in Russia, in accordance with the relevant regulatory and licensing rules. The announcement came a...

US equity markets snapped a four session losing streak, with investor sentiment shifting ahead of a European Union (EU) summit tonight AEST when leaders will discuss a new growth and investment model and ways to reduce dependence on Russian energy - Dow gained +654-points or +2.00%, climbing out of official correction territory. Goldman Sachs Group Inc (up +3.80%), JPMorgan Chase & Co (up +4.01%),...

US equity markets retreated, with the S&P500 settling at its lowest level since June 2021 after yet another volatile session - Dow down -185-points or -0.56%, unwinding an earlier +585-point rally. The broader S&P500 lost -0.72%, and pushing deeper into official correction territory. Consumer Staples (down -2.64%) and Healthcare (-2.11%) both declined over >2% to lead nine of the eleven primary se...

•US equity markets fell sharply, with investors rattled by the risk of energy sanctions cascading through the economy - Dow dropped -797-points or -2.37%, with American Express Co (down -7.99%) the worst index performer. The broader S&P500 shed -2.95%, pushing deeper into official correction territory (down more than >12% from its most recent record close). Energy (up +1.57%) was once again the be...

US equity markets retreated and bond markets rallied on Friday (4 March) as investors sought out havens amid the escalating war between Russia and Ukraine - Dow down -180-points or -0.53%, paring an earlier decline of over >500-points. American Express Co (down -3.86%), JPMorgan Chase & Co (down 2.81%) and Goldman Sachs Group Inc (-1.12%) were notable laggards. However, more defensive names like W...

Technology stocks weighed on US equity markets - Dow down -97-points or -0.29% after trading in positive territory for much of the session. The broader S&P500 settled -0.53% lower, with Consumer Discretionary (-2.29%) and Information Technology (-1.24%) leading four of the eleven primary sectors lower. More defensive sectors outperformed overnight, with Utilities (up +1.72%) and Real Estate (+1.10...

US equity markets rebounded sharply and a powerful rally in debt markets reversed as Federal Reserve chair Jay Powell signalled that the US central bank would raise interest rates this month despite economic uncertainty created by Russia’s invasion of Ukraine - Dow up +596-points or +1.79%, with all 30 index components advancing. Caterpillar Inc (up +5.35%), Intel Corp (+4.38%) and Goldman Sachs G...

US equity markets retreated as the military conflict in Ukraine showed no signs of abating, with Russia stepping up its bombardment of Ukraine’s biggest cities and traders seeking shelter from risk asset - Dow fell -598-points or -1.76%, paring an earlier -785-point drop. American Express was the worst performing Dow constituent overnight, down -8.47%. Goldman Sachs Group Inc and JPMorgan Chase &...

US equity markets modestly weaker as new sanctions imposed on Russia reverberated through financial markets - Dow down -166-points or -0.49%, paring an earlier. JPMorgan Chase & Co (down -4.17%) and Goldman Sachs Group Inc (-2.52%) combined to knock ~100-points off the Dow. Nike Inc (down-1.62%), Visa Inc (-1.44%), and Procter & Gamble (-1.49%) also weighed heavily on the index. A US$1 move in any...

US equity markets rallied on Friday (25 February) as war in Ukraine raged, with investors watching for signs that the conflict with Russia would be contained to the two countries - Dow jumped +835-points or +2.51%, notching its best daily gain since early November 2020. Johnson & Johnson (up +%) and 3M Co (+%). The broader S&P500 +2.24%. Etsy Inc soared +16.21% after the online marketplace’s quart...