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    Market Analysis

    24 May 2023
    Stocks Slide as Debt Ceiling Negotiations Show Little Progress

    Stocks experienced a decline on Tuesday as discussions regarding the debt ceiling continued with minimal signs of advancement. The S&P 500 dropped 1.12% to settle at 4,145.58, while the Nasdaq Composite pulled back 1.26% to close at 12,560.25. The Dow …

    23 May 2023
    Market Holds Steady as Debt Ceiling Meeting Looms and Tech Stocks Lead the Way

    On Monday, the S&P 500 index experienced minimal change as investors awaited a crucial debt ceiling meeting and officials worked to prevent a default. The index slightly increased by 0.02% to close at 4,192.63, while the Dow Jones Industrial Average …

    22 May 2023
    Week ahead: All Eyes on RBNZ Rate Statement and FOMC Meeting Minutes

    The financial sector is poised to closely monitor significant economic releases this week, with particular attention on RBNZ Rate Statement and FOMC Meeting Minutes. These essential reports play a critical role in guiding traders through the markets and enabling them …

    19 May 2023
    Stock Market Soars on Debt Ceiling Optimism and Strong Earnings: S&P 500 and Nasdaq Reach Yearly Highs

    On Thursday, the S&P 500 and Nasdaq Composite surged to their highest closing levels since August 2022, driven by ongoing debt ceiling negotiations. The S&P 500 rose by 0.94% to reach 4,198.05, while the Dow Jones Industrial Average ended the …

    18 May 2023
    Market Outlook – Interesting week ahead for Australia, New Zealand, and Canada
    18 May 2023
    Stocks Rise as Hope Grows for U.S. Debt Ceiling Deal, Averting Default

    Stocks experienced a positive surge as investors remained hopeful that an agreement on the U.S. debt ceiling could be reached between congressional leaders and President Joe Biden, thereby averting a catastrophic default. The Dow Jones Industrial Average rose by 408.63 …

    17 May 2023
    Stocks Slide as Home Depot Disappoints and Debt Ceiling Talks Intensify

    Stocks experienced a decline on Tuesday, influenced by Home Depot’s underwhelming forecast. The financial market also focused on a crucial meeting between President Joe Biden and congressional leaders regarding the U.S. debt ceiling. The Dow Jones Industrial Average closed below …

    16 May 2023
    Debt Ceiling Negotiations and Economic Data Influence Stock Market, Retail Reports Awaited

    The S&P 500 experienced a slight increase at the beginning of the week as traders analyzed ongoing negotiations regarding the debt ceiling. The broader index rose by 0.3% to reach 4,136.28 points. Meanwhile, the Dow Jones Industrial Average ended its …

    15 May 2023
    Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change

    The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing …

    12 May 2023
    US Stock Futures Stable as Elon Musk Steps Down as Twitter CEO; Dow Jones Faces Fourth Consecutive Loss

    US stock futures remained relatively stable on Thursday night, with the Dow Jones Industrial Average futures up 0.08%, while the S&P 500 and Nasdaq 100 futures increased by 0.12%. Elon Musk announced he would be stepping down as the CEO …