US The S&P 500 rallied from intra-day lows to close only marginally down. Technology stocks continued to be of focus with mixed share price response to results released last night – Amazon falling 3%, but Intel beating and rallying by the same amount. The Energy sector benefited from returning strength in the oil price: now […]
US. stocks fluctuated, while Treasuries turned higher (yields lower) and the dollar slipped after the Federal Reserve held interest rates steady and signalled it will start unwinding its balance sheet “relatively soon.” The S&P 500 Index swung between gains and losses. Corporate results from AT&T to Boeing bolstered equities earlier in the session. Treasury yields turned lower as […]
US US. stocks rose for the first time in four days, rising 0.3%, as earnings season picked up pace with energy and financial stocks leading gains. The energy sector gained 3.2% after industry data showed U.S. crude stockpiles plunged, easing a glut and sparking the highest close for oil in 7 weeks with a gain […]
US US. stocks ended mixed with the S&P declining 0.1%, while Alphabet Inc. slipped in after-hours trading as its results disappointed. The dollar stabilized after falling to a 15-month low to start a week packed with corporate results and a Federal Reserve rate decision. The Fed is expected to make no change to policy tomorrow with […]
US The S&P 500 edged lower Thursday following a weak session for the dollar following comments from Mario Draghi and the failure of the latest US healthcare reform bill. Telecoms and Utilities were the best performing sectors on Wall Street, while Energy stocks were mixed as Brent Crude briefly traded above $50 a barrel before […]
US US equity markets, led by Healthcare, Energy and Materials stocks, rose to fresh record highs yesterday, as the S&P 500 gained 0.5%. The US dollar rebounded off 10-month lows against a basket of peers as the euro traded lower ahead of the ECB meeting today. The dollar is trading at $1.152 having been as […]
US The US dollar slid to a 10-month low against a basket of currencies yesterday as the failure of Republicans to push through healthcare reform cast doubts over the likelihood of the Trump administration’s infrastructure and tax reform agendas. The S&P 500 was little changed for the session, however, remaining within touching distance of Friday’s […]
US The S&P 500 closed fractionally lower yesterday, broadly holding Friday’s record highs. Basic Materials stocks were the primary outperformer for the session, buoyed by strong gains in metal prices following upbeat Q2 Chinese GDP growth figures. The dollar traded marginally lower against the euro, extending recent weakness post the disappointing inflation data. It was […]
US The S&P 500 closed at a fresh record high Friday, advancing 0.5%, despite a 0.5% decline for Financials and soft consumer inflation and retail sales data. Real Estate and Technology stocks were the biggest outperformers for the session, gaining 1.1% and 0.9% respectively. Financials underperformed the broader market as investors were left underwhelmed by […]
Market Headlines US US equities rose within touching distance of record highs amid renewed optimism that the Federal Reserve would maintain a gradual path of policy normalisation, while the dollar steadied and US treasuries gave back some of the previous sessions gains. Oil prices rose for a fourth consecutive session, with Brent closing up 1.4% […]