The US Composite PMI rose from 55.1 in July to an 8-month high of 55.4 in August. Service providers hired at the fastest rate in seven months, while firms across both sectors reported higher import prices. Service sector price inflation reached its highest level since August 2022. August’s flash PMI numbers overshadowed jobless claims data….
A long-term red-dotted trendline, converging near the $17 region, also acts as a significant support zone where the stock may find a long-term bottom. As the price has recently tested the $60 region, a strong correction has emerged around the 61.8% retracement zone. Given this setup, investors can consider buying the stock within the $30…
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…
Daily E-mini Dow Jones Industrial AverageThe Dow E-mini last traded at 44,951. Resistance sits at 45,234, 45,885, and 46,326. Support rests at 44,423 and 43,973, with the 200-day at 43,596 and 50-day at 43,567.6. Outlook Momentum remains bullish into the final session of the week, with equities extending gains on strong earnings and supportive trade…
Wednesday saw the S&P 500 and Dow close higher by 0.6% and 0.5%, respectively, with the Nasdaq gaining 0.9% to close at a record high, driven by strong AI momentum. Nvidia rose nearly 2%, briefly touching a $4 trillion market cap, while Palantir added 2.5%. Boeing (+3.7%) and Caterpillar (+2%) led industrial gains, lifting the…
Despite this short-term pullback, gold price action shows strong bullish momentum driven by geopolitical tensions and fluctuating policy signals from the Trump administration. Fed Chair Powell’s recent warning about a possible stagflation scenario adds to concerns, supporting long-term gold demand. According to Powell, the Fed’s dual goals of controlling inflation and supporting employment could increase…
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The S&P 500 Index ($SPX ) (SPY ) today is up +0.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.48%. June E-mini S&P futures (ESM25 ) are up +0.32%, and June E-mini Nasdaq futures… Source link
Last week saw markets navigate the triple witching expiration amid continued focus on trade tensions and the Federal Reserve’s latest policy projections. The S&P 500 ($SPX) (SPY) showed resilience despite lingering concerns about tariff impacts, with investors digesting NVIDIA’s latest product announcements and reassessing rate cut expectations. He… Source link
Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Need More Chart Options? Right-click on the chart to open the Interactive Chart menu. Use your up/down arrows to move through the symbols. Source link