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Market Insights: Friday, October 18th, 2024

Market Overview: U.S. stocks ended the week on a high note, led by Netflix’s (NFLX) explosive 11% rally following its stellar earnings report. This momentum helped push the S&P 500 (^GSPC) to a fresh all-time high, while also marking its sixth consecutive week of gains, the longest streak of the yea...

Market Insights: Thursday, October 17th, 2024

Market Overview:
U.S. stocks moved higher on Thursday, with the Dow Jones Industrial Average hitting fresh records. The technology sector led the charge as upbeat guidance from Taiwan Semiconductor Manufacturing Company (TSMC) alleviated concerns about artificial intelligence (AI) demand. TSMC's ear...

Market Insights: Wednesday, October 16th, 2024

Market Overview: U.S. stocks rebounded on Wednesday, with the Dow Jones Industrial Average leading the charge, jumping nearly 350 points, or about 0.8%, to close at a record high of 43,077.70. The rebound was fueled by strong earnings results, particularly from Morgan Stanley, which saw its shares r...

Market Insights: Tuesday, October 15th, 2024

Market Overview:
U.S. stocks took a breather on Tuesday after reaching fresh highs the previous day, with technology stocks leading the retreat. The Nasdaq slid by 1.44%, driven by a selloff in semiconductor stocks after ASML’s earnings were prematurely released, forecasting a weaker-than-expected 2...

Market Insights: Monday, October 14th, 2024

Market Overview: U.S. stocks climbed on Monday, with the Dow and S&P 500 securing fresh record highs, propelled by a strong rally in tech stocks led by Nvidia. The Dow Jones Industrial Average gained more than 200 points, rising 0.47% to surpass the 43,000 mark for the first time, while the S&P 500 ...

Market Insights: Friday, October 11th, 2024

Market Overview:
The U.S. stock market saw record highs on Friday as major U.S. banks kicked off earnings season with strong quarterly results. The Dow Jones Industrial Average surged 0.97%, closing at a new all-time high, driven by positive earnings from JPMorgan Chase, which set an optimistic tone...

Market Insights: Thursday, October 10th, 2024

Market Overview:
The U.S. stock market faced slight losses on Thursday as investors digested hotter-than-expected inflation data and weaker job numbers, which clouded the outlook for the Federal Reserve's next interest rate decision. The Dow Jones Industrial Average slipped by 0.14%, losing nearly 6...

Market Insights: Wednesday, October 9th, 2024

Market Overview:
The U.S. stock market surged on Wednesday as two major indices hit fresh record highs ahead of a key inflation report. The Dow Jones Industrial Average jumped over 450 points, a 1.03% gain, while the S&P 500 climbed 0.7%, both closing at all-time highs. The Nasdaq followed with a 0....

Market Insights: Tuesday October 8th, 2024

Market Overview:
Tech stocks spearheaded a market rebound on Tuesday, with Nvidia leading the charge as oil prices retreated. The Nasdaq Composite soared 1.47%, supported by bullish momentum in major tech stocks. Nvidia extended its gains for a fifth consecutive session, rising another 4% on continu...

Market Insights: Monday October 7th, 2024

Market Overview:

US stocks experienced a sharp decline on Monday, with the Dow tumbling nearly 400 points (-0.94%) and the 10-year Treasury yield surging past 4%, setting the tone for a cautious week. Despite hitting a record high last week, the Dow Jones Industrial Average led the downward charge,...

Market Insights: Friday, October 4th, 2024

Market Overview
Stocks soared Friday, bolstered by a stronger-than-expected September jobs report that saw the U.S. economy add 254,000 jobs, reducing the unemployment rate to 4.1%. This strong labor market data eased some concerns around economic growth, driving the Dow up over 300 points (+0.8%) a...

Market Insights: Thursday, October 3, 2024

Market Overview

The Dow led a slight decline in the markets today, as investors awaited the key jobs report and sifted through a variety of economic data. Meanwhile, oil prices surged by 5%, fueled by rising tensions in the Middle East. Stocks slipped, with the S&P 500 dropping 0.2% and the Dow Jon...