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S&P500 and Nasdaq booked fresh record closing highs as attention turns to tonight’s AEST August jobs data - Dow up +131-points or +0.37% . The broader S&P500 added +0.28% to 4,536.95, touching a record intraday high of 4,545.85 earlier in the session. Energy (up +2.53%) led eight of the elven primary sectors higher, with Health Care (+1.08%) and Industrials (+1.02%) both rising over >1%. The globa...

US equity markets logged modest gains, with the technology-centric Nasdaq booking a fresh record closing high - Dow down -48points or -0.14% . The broader S&P500 inched +0.03% higher, trading above its 30 August record closing high (4,528.79) earlier in the session. The Nasdaq added +0.33% to 15,309.38 to book its 33rd record closing high of 2021. Apple Inc rose +0.45%, with the The Wall Street Jo...

The S&P 500 and the Nasdaq Composite booked fresh closing records to open the new trading week - Dow down -56-points or -0.16% . The broader S&P500 added +0.43% to 4,528.79, logging its 53rd record closing high this year after establishing a fresh intraday record high (4,537.36) earlier in the session. Before this year, only 1964 and 1995 saw more than 50 new highs before August was over. The reco...

US equity markets and government bonds rallied in response to Federal Reserve Chair Jerome Powell cementing expectations that the central bank will begin a slow removal of its crisis-era stimulus measures later this year - Dow up +243-points or +0.69%. The broader S&P500 gained +0.88% to 4,509.37, logging its 52nd record closing high this year Energy (up +2.62%) returned to the top of the primary...

US equity markets retreated as investors weighed second quarter economic growth data and eyed Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Economic Symposium on "the economic outlook" tonight AEST - Dow down -192-points or -0.54%. Cloud-based customer-relationship management company Salesforce.com Inc outperformed with a +2.66% gain following a strong second quarter result aft...

Fresh record highs for both the S&P500 and Nasdaq ahead of the Jackson Hole Economic Symposium tonight AEST - Dow up +39-points or +0.11% 35,405.5 and ~0.62% shy of its all time closing high (35,625.40) set on 16 August. The broader S&P500 edged +0.22% higher to 4,496.19, logging 51st record closing high this year and matching the greatest number of closing records to this point in a calendar year...

Broad-based gains lifted both the S&P500 and Nasdaq to fresh record closing highs as positive U.S. vaccination news and easing worries about the U.S. tapering stimulus buoyed sentiment ahead of a key speech by Federal Reserve Chair Jerome Powell later this week. - Dow added +31-points or +0.09% . The broader S&P500 edged +0.15% higher to 4,486.23, with Energy (up +1.61%) atop the primary sector le...

A strong start to the new trading week for US equity markets - Dow up +216-points or +0.61% . The broader S&P500 gained +0.85% to 4,479.53, just shy of a new closing high after setting a fresh intraday high of 4,489.88 earlier in the session. Almost three-quarters of the companies in the index advanced. Energy (up +3.77%) led seven of the eleven primary sectors higher, with Consumer Discretionary...

US equity markets closed out a turbulent week marked by a surge in global volatility on a positive note - Dow up +226-points or +0.65% to 35,120.08, snapping a three session skid and climbing back above >35,000. Microsoft Corp (up +2.56%), Cisco Systems (+1.66%) and Salesforce.com Inc (+1.21%) were among the best Dow performers on Friday night (20 August). The broader S&P500 gained +0.81%. Tesla I...

US equity markets mixed after another choppy session, with concerns about the impact of the Delta variant of the coronavirus and the Federal Reserve’s latest monetary policy meeting minutes continuing to reverberate - Dow lost -67-points or -0.19%, paring an earlier decline of as much as -270 points. The Dow booked its third straight drop, representing its longest bout of losses since the five-ses...

Benchmark US equity markets booked their worst declines in a month, with losses accelerating after the minutes of the Federal Reserve’s late July monetary policy meeting did little to dispel expectations that the central bank could begin tapering their US$120B per month bond buying programme soon - Dow fell -383-points or -1.08% . The broader S&P500 shed -1.07%. Energy (down -2.40%) led all but on...

US equity markets retreated, with the Dow and S&P500 ending a five session run of record closing highs amid concerns the spread of the delta variant of COVID may slow economic growth and following a softer-than-expected July retail sales report - Dow dropped -282-points or -0.79% . The broader S&P500 fell -0.71% a day after logging its 49th record closing high of 2021. Consumer Discretionary (down...

Both the Dow and S&P500 eked out fresh record highs for a fourth consecutive session - longest stretch of closing records since 15 March – despite a weak consumer sentiment report - Dow edged +15-points or +0.04% higher to 35,515.38, hitting another intraday record high (35,610.57) earlier in last Friday’s (13 August). Walt Disney Co rose +1.00% after posting its strongest quarterly sales and prof...

Both the Dow and S&P500 edged to fresh record highs for a third consecutive session despite wholesale inflation accelerating more-than-expected in July - Dow inched +15-points or +0.04% higher to 35,499.85 . Salesforce. Com Inc (up +2.52%) and Apple Inc (+2.08%) were among the leading index performers, while Home Depot Inc (down -0.88%) and Visa Inc (-1.26%) underperformed. The broader S&P500 adde...

Fresh record highs for both the Dow and S&P500 for a second consecutive session as inflation fears moderated following the latest data for July - Dow gained +220-points or +0.62% to 35,484.97 after also touching a record intra-day high of 35,501.16. Caterpillar Inc (up +3.55%) and Home Depot Inc (+1.67%) The broader S&P500 added +0.25% to 4.447.70, touching a record intra-day high of 4,449.44. Mat...

Fresh record highs for both the Dow and S&P500 after the Senate passed a much-anticipated bipartisan US$1 trillion infrastructure package - Dow up +163-points or +0.46% to 35,264.67. Caterpillar Inc (up +2.48%) was among the leading index performers. Goldman Sachs Group Inc (up +2.02%) and JP Morgan Chase & Co (+1.23%) also traded strongly as bond yields climbed. The broader S&P500 edged +0.10% hi...

US equity markets retreated, with both the Dow and S&500 pulling back from last Friday’s (6 August) record closing highs and with traders eyeing downgrades to China economic growth forecasts from a number of major investment banks - Dow fell -107-points or -0.30% . The broader S&P500 dipped -0.09%, with Energy (down -1.48%) leading seven of the eleven primary sectors lower. Exxon Mobil Corp fell -...

Both the Dow and S&P500 logged fresh record highs to close out another strong week for US equity markets as investors digested the latest July employment figures - Dow up +144-points or +0.41% to 35,208.51. Goldman Sachs Group Inc rose +% to a record high, while JP Morgan Chase & Co gained +%. The broader S&P500 edged +0.17% higher to 4,436.52. Financials (up +2.01%) and Materials (+1.47%) were th...

Fresh record closing highs for both the S&P500 and Nasdaq ahead of tonight’s key non-farm payrolls report - Dow gained +272-points or +0.78% at 35,064.25. The broader S&P500 rose +0.60% to 4,429.10, logging its 43rd record closing high of 2021. Goldman Sachs raised its year-end target for the S&P 500 to 4,700, representing ~6.1% upside, in part due to an improving earnings outlook. The Nasdaq adva...

US equity markets retreated and settled near their session lows after Federal Reserve Vice Chairman Richard Clarida made a case for a potential slowing of the central bank’s large-scale asset bond purchases later this year and for higher interest rates in 2023 - Dow dropped -324-points or -0.92% . The broader S&P500 fell -0.46% a day after notching its 42nd record closing high of 2021. Energy (dow...

US equity markets rallied, lifting the S&P500 to a yet another record closing high - Dow rose +278-points or +0.80% to 35,116.40 (and within 0.5% of a fresh record closing high), recovering from an earlier, brief decline of over >100-points The broader S&P500 gained +0.82% to 4,423.15, notching its 42nd record closing high of 2021. Energy (up +1.83%), Health Care (+1.41%), Industrials (+1.38%), Fi...

US equity markets relinquished earlier gains to settle with modest losses, with most of the fall coming in the final hour of the session - Dow eased -97-points or -0.28% to 34,838.16 after touching a fresh record intraday high at 35,192.11. The broader S&P500 slipped -0.18%, with Materials (down -1.17%) leading seven of the eleven primary sectors lower. More defensive sectors outperformed overnigh...

US equity markets retreated on Friday (30 July), closing out the week and month on a weaker footing - Dow down -149-points or -0.42% . The broader S&P500 lost -0.54%, with Consumer Discretionary (down -2.78%) and Energy (-1.76%) the worst performing primary sectors on Friday night AEST (30 July). The Nasdaq fell -0.71%. Amazon.com Inc fell -7.56% - its biggest one-day drop since May 2020 – after r...