Category Archives: Daily Financial Analysis
US CPI Sees Turbulent Trading Day
Written on October 14, 2022 at 2:07 am, by puprimedev
Market Focus U.S. equities experienced a volatile trading session with the release of U.S. CPI data. The Dow Jones Industrial Average rose 2.83% to cclose at 30038.72. The S&P 500 gained 2.6% to close at 3669.91. The tech-heavy Nasdaq Composite climbed 2.23% to close at 10649.15. U.S. equities futures continued to rise after the bellContinue Reading
S&P 500 Hits Lowest Since November 2020
Written on October 13, 2022 at 3:11 am, by puprimedev
Market Focus US equities fell on Wednesday, with investors bracing for Thursday’s reading on consumer prices. Producer Price Index figures 0.4% on Wednesday showed prices paid to US producers rose in September by more than expected ahead of a key measure of consumer inflation due Thursday that’s set to return to a four-decade high. It’sContinue Reading
Markets Cautious on Growth Fears and Geopolitical Risks
Written on October 11, 2022 at 2:36 am, by puprimedev
Market Focus U.S. equities fell for the fourth straight day as growth fears and geopolitical risks weigh on market sentiment. The Dow Jones Industrial Average lost 0.32% to close at 29202.88. The S&P 500 shed 0.75% to close at 3612.39. The tech-heavy Nasdaq Composite dropped 1.04% to close at 100542.1. Washington’s decision to further restrictContinue Reading
