Both main USA equity markets, the DJIA and SPX, sold off during Tuesday’s New York session, as the markets raced back into life after the close for the President’s Day bank holiday. Both key indices eventually closed down, ending an unbroken winning streak of six days. Certain earnings spooked the markets, most notably the giant […]
In a relatively quiet trading day, due to markets being closed as a consequence of President’s day in the USA, the majority of FX pairs traded sideways in tight ranges, throughout the day’s trading sessions. There was very little medium to high impact economic calendar news published, only the Eurozone’s increasing current account surplus, growing
The investor tantrums, in relation to inflation fears bringing forward FOMC rate rises, are rapidly fading memories, as the SPX has now enjoyed its best five day rally since 2011. Traders and investors are regaining their confidence and several analysts and opinion formers are busy rewriting their theories, as to why markets temporarily slumped. The
It’s often stated that a week is a long time in politics, a week can also be a long time in the markets. A week after global markets appeared to be in turmoil, as a sell off/correction of 10%+ materialized, U.S. equity markets finally reclaimed some of their lost ground on Wednesday, the DJIA closed
The DJIA and SPX equity markets continued their recent gains, posting moderate gains on Tuesday, both indices getting close to finally erasing the year to date losses and moving into positive territory. Wall Street nervousness was still evident as investors await the latest set of CPI inflation figures, which will be delivered by the BLS
The major U.S. markets and indices have now recovered much of the lost ground given up last week; the DJIA closed up 1.70%, SPX up 1.39% and the NASDAQ moved into positive territory for the year to date; up 1.57% on the day and 1.142 in 2018. The overall 10% market fall by the three
The worst week in approximately two years for USA equity markets closed on a high last Friday as the indices finished in positive territory; DJIA up 1.39%, SPX up 1.49% and NASDAQ up 1.44%. The indices have now moved out of the correction area (called as down 10% from the recent peak), but are still
The DJIA shed close on 1000 points at the close of the New York session, whilst the SPX lost up to 4% during its intraday session lows, the SPX has now experienced five of its worst days (in series) since 2015. Once again the excuse for the selloff centered on the potential for moderate interest
After Monday’s global market selloff, followed by Tuesday’s recovery in USA markets, USA equities whipsawed throughout Wednesday’s New York session, whilst European and other global indices rose sharply to restore a form of equilibrium, across a broad range of indices. The DJIA fell by 0.09% to maintain a slight market gain for the year, now
U.S. equities oscillated between significant losses and equally solid gains during Tuesday’s session. The DJIA fell by circa 500 points shortly after the New York open, rose quickly by circa 350 points, then slumped to a post loss on the day, threatening to close the day out near flat 2.33% on the day. The wider
