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Tag Archives: Indices

Dow Jones Jumps 500 Points to All-Time High as Fed Keeps Rates Unchanged

With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of multiple rate cuts in the coming year was the major catalyst behind the move. The 30-stock Dow soared by 512.30 points, or 1.40%, finishing at 37,090.24, surpassing its...

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Bitcoin Price Stuck at $41K as Traders Eye Fed Rate’s Decision

As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision, scheduled for today. Bitcoin’s Price Movement Bitcoin’s recent journey in the market has been characterized by volatility, with the price...

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Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. The Dow Jones Industrial Average surged to a new high for the year on Thursday. This marked a stellar month-end performance amidst signs of reduced inflation and robust earnings reports. Climbing by 520 points, or 1.47%, the Dow closed at 35,950.89, surpassing its previous peak set in August. Similarly, the S&P 500 added 0.4% to hit 4,567.80, while the Nasdaq Composite dipped...

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Veteran Strategist Expects S&P 500 to Hit 5000 by 2024-End

His positive outlook primarily stems from his belief that the Federal Reserve has concluded its interest rate hikes. Over the past 20 months, central bankers have implemented a 525 basis points increase to counter inflation, a measure that negatively impacted stocks in 2022. However, with inflation significantly cooling from the highs observed last summer, as reflected in the Consumer Price Index report, which indicated a year-per-year price increase of just 3.2% in October, below the...

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US Treasury Yields Mixed as Market Anticipates October Jobs Report

As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates. While the 2-year Treasury climbed by more than two basis points to 4.9974%, the 10-year Treasury yield fell to 4.6658%, losing less than one basis point. The market expects October’s job...

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Dow Jones Rallies 500 Points while Bitcoin Remains Flattish

Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings.  On Monday, October 30, the Dow Jones Industrial Average (INDEXDJX: .DJI) gained by over 511 points or 1.58%, ending the trading at 32,928.96. This was the biggest single-day gain market by the index, after June 2023. The S&P 500 saw a robust 1.2% surge, reaching 4,166.82, marking its most substantial gain since late August. Simultaneously, the Nasdaq...

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Japan’s Nikkei Closes Below 31,000 amid Middle East Turmoil

One of the most striking aspects of this market turmoil was the sharp increase in the Nikkei volatility index, which surged to 23.87, a level not seen in a long while. Japan’s Nikkei 225 (INDEXNIKKEI: NI225) share average faced a tumultuous day as it closed below the psychologically significant 31,000 level earlier today, primarily due to escalating events in the Middle East. This geopolitical unease sent a key volatility gauge spiking to a one-year high. Nikkei 225 Performance Breakdown...

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10-Year US Treasury Yields Surge Past 5% Again, Dow Futures Crash 200 Points

Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday, October 23. The treasury yields continue to hover at multi-year highs as investors prepare for higher-for-longer interest rates from the Federal Reserve. Around 5:54 a.m. ET, the...

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Dow Jones Tanks 400 Points amid Interest Rate Spike, Turns Negative for 2023

Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge in interest rates has raised concerns about freezing the housing market and pushing the economy into recession. The Dow Jones Industrial Average experienced its most...

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US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise

Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ: .IXIC), S&P 500 Index (INDEXSP: .INX), and Dow Jones Industrial Average (INDEXDJX: .DJI) all faced declines, with the latter plummeting...

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