Stock Market News / Page 4

Can stocks keep defying gravity? – Stock Markets

Posted on June 13, 2024 at 11:25 am GMT

US stock indices sail towards successive record highs Hawkish Fed doesn’t scare bulls as volatility remains inexistent Valuations are historically stretched but earnings keep growing High after high All major US indices are having an astonishing year, recording consecutive all-time highs as the economy seems more and more likely to achieve a soft-landing. It has been more than 20 months now since the stock market experienced a sizable correction, but the bulls appear unhindered. Lately, stocks seem to have [..]

Technical Analysis – JP 225 index breaks above 50-day SMA

Posted on June 12, 2024 at 2:50 pm GMT

JP 225 index has been rangebound in the past month But has violated 50-day SMA and has advanced in latest sessions Momentum indicators are skewed to the upside The JP 225 index (cash) has been trading without clear direction since early May, fluctuating around its 50-day simple moving average (SMA). In the near term, the price broke above its 50-day simple moving average (SMA), with the short-term oscillators indicating strengthening bullish momentum. If the price extends its recent gains, the April resistance of 39,960 could curb initial [..]

Technical Analysis – Tesla stock stuck below restrictive trendline

Posted on June 5, 2024 at 1:51 pm GMT

Tesla shares trade sideways in the past few sessions Momentum indicators suggest a cautiously negative tone Tesla is still among the worst performing stocks of the S&P 500 in 2024, even though it has gained more than 20% from its recent low. In the short term, the price has been trading within a range, but the momentum indicators suggest that bearish forces are strengthening. Should selling pressures intensify, the price could face the May support of 168.00. Breaking below that floor, [..]

Could stronger US data force a Fed rate cut? – Special Report

Posted on June 5, 2024 at 1:34 pm GMT

Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed is going to start easing its monetary policy stance. The year started with the market pricing in at least five rate cuts by the Fed in 2024, but with inflation remaining above 3% [..]

Technical Analysis – US 100 index again in the green

Posted on June 5, 2024 at 8:42 am GMT

US 100 index edges higher, not far from its all-time high Volatility drops ahead of some key US data Momentum indicators could be turning bearish The US 100 cash index is in the green again today, trading a tad below its recent all-time high of 18,494 and recouping a good part of last week’s losses. Monday’s weak US data prints have boosted expectations for a Fed rate cut ahead of the November elections, with the US stock indices now focusing on [..]

Is the equity market headed for a summer rally? – Stock Markets

Posted on June 4, 2024 at 2:56 pm GMT

S&P 500 finishes May 4.8% higher in an overall solid year Rally could resume as rate cuts are just around the corner Valuations remain stretched but earnings beat estimates Stocks defy seasonality and strive for summer rally The S&P 500 index clocked its best May performance since 2020 in an overall strong year for equity markets. All three major US indices have recorded consecutive record highs in 2024 even though US Treasury yields are significantly higher compared to the [..]

Technical Analysis – US 30 index on the slide for the second week

Posted on May 30, 2024 at 3:31 pm GMT

US 30 index creates a double top pattern near 40,000; slips below key support levels A step beneath 37,847 could motivate more selling US Q1 GDP figures revised down; core PCE inflation next on the agenda The US 30 index (cash) has been suffering the most on Wall Street over the past two weeks. Having topped twice near the 40,000 psychological mark last Monday, the index lost around 4.4% to trade near 38,050 ahead of Friday’s core PCE inflation data. [..]

Technical Analysis – Meta stock consolidates below 50-day SMA

Posted on May 30, 2024 at 3:31 pm GMT

Meta shares in a steady recovery after Q1 earnings plunge Stock remains rangebound below 50-day SMA in past few sessions Momentum indicators fail to turn positive Meta’s (Facebook) stock has been attempting a rebound in the short term following a 15% drop in the aftermath of its Q1 earnings announcement on April 24. However, the recovery has been on hold in the past few sessions as the price is trading sideways a tad beneath its 50-day simple moving average (SMA). Should [..]

Euro suffers when ECB announces the first rate cut of the cycle – Special Report

Posted on May 30, 2024 at 2:50 pm GMT

ECB prepares to cut rates for the first time ahead of the Fed History points to strong possibility of back-to-back rate cuts Both the euro and German DAX tend to underperform on meeting day The ECB is on the brink of announcing its first rate cut since March 2016 as the overall rhetoric from ECB officials leaves little doubt about next week’s rate decision, with even the most hawkish members of the Governing council acknowledging the need for rate cuts. [..]

US stock markets rally but volatility plunges – Stock Markets

Posted on May 29, 2024 at 11:42 am GMT

Wall Street remains buoyant near record highs Solid Q1 earnings aid, focus shifts on inflation and Fed outlook Volatility remains historically low as bears get repeatedly burned Stock rally shows no signs of easing This year has been sensational for the US equity markets as macroeconomic data out of the US have been constantly reinforcing the soft-landing narrative. The three major US indices have stormed to consecutive record highs despite market expectations shifting from six cuts in the beginning of [..]

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