Stocks: All News & Analysis

S&P 500, Nasdaq 100 - Futures Hold High Ground as US Considers a Breakup of Google

The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday's losses. Following a disappointing update from the National Reform Commission in China, US-listed Chinese stocks like Alibaba, PDD Holdings, and JD.com experienced declines.

09-10-2024 08:00 GMT by Zain Vawda

Markets Weekly Outlook - Jobs Report May Lead to Cautious Fed, US CPI Next

Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US inflation data and RBNZ rate decision in focus for the week ahead. Oil prices surge on Middle East tensions, with key support and resistance levels identified.

04-10-2024 16:26 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Wall Street Indexes Labor on a Mixed Wednesday

Wall Street indexes showed mixed results on Wednesday, with the S&P 500 near all-time highs and the Nasdaq 100 briefly surpassing 20,000. Tech stocks, particularly Nvidia and Hewlett Packard, supported the S&P 500, while General Motors and Ford declined after a Morgan Stanley downgrade. Technical analysis suggests further upside potential for the S&P 500, with a cup and handle pattern and triangle breakout hinting at a possible 500-point move.

25-09-2024 13:01 GMT by Zain Vawda

China Slashes Rates - Stimulus Package by PBoC Welcomed by Markets

The People's Bank of China (PBoC) has unveiled a stimulus package aimed at boosting economic growth. Key measures include a cut in the 7-day repo rate, a reduction in the required reserve ratio (RRR), and support for the mortgage market and property sector. Asian and European stock markets have reacted positively to the stimulus as markets welcomed the news. Oil prices have risen as well and could benefit from the stimulus package. Will the Oil price recovery continue?

24-09-2024 05:58 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Caution Following PPI, Technical Hurdles Ahead

Wall Street indexes paused after Wednesdays rally as Core PPI came in hot. Moderna shares plunged 17.8% due to lower-than-expected sales projections. Nasdaq 100 shows potential for upward movement, but technical hurdles persist. Most Read: Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout? The major Wall Street Indexes have all taken a breather today following a significant rally on Wednesday.

12-09-2024 14:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - ‘Soft Landing’ Optimism Leads to Early Week Gains

Major Wall Street indices started the week with gains, fueled by optimism for a "soft landing". Concerns remain about the divergence between full and part-time workers, a potential recession indicator. Technical analysis suggests potential for further upside in the S&P 500 and Nasdaq 100, but historical trends and upcoming events warrant caution.

09-09-2024 10:56 GMT by Zain Vawda

BoC cuts rates, Nvidia plunges, nonfarm payrolls loom

OANDA Market Analyst Kenny Fisher joins Jonny Hart to discuss this week’s key economic data and events as well as the impact on global markets. Pivotal week peppered with major events; Bank of Canada cuts rates for third straight time; US nonfarm payrolls could determine extent of Federal Reserve rate cut later this month; and Nvidia plunges by almost 10%

05-09-2024 14:12 GMT by Kenneth Fisher

Gold (XAU/USD) Under Pressure as Precious Metal Fails to Attract Haven Bids

Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold's future performance. September is historically a challenging month for gold, which could further influence its trajectory.

04-09-2024 07:31 GMT by Zain Vawda

Nasdaq 100: Torpedoed by Nvidia and may see further weakness

Major US bench stock indices (S&P 500, Nasdaq 100, Dow Jones Industrial Average & Russell 2000) started the month of September on a weak footing. The Nasdaq 100 was the worst performer (-3.15%) on Tuesday, 3 September dragged down by the higher-beta technology sector (Nvidia & other semiconductor stocks)

04-09-2024 07:01 GMT by Kelvin Wong

S&P 500, Nasdaq 100 - 2nd Estimate GDP Inspires Wall Street Turnaround

Nvidia's Q2 earnings beat estimates, but forward guidance disappoints. Other semiconductor stocks, like Broadcom, show positive performance despite Nvidia's mixed guidance. The S&P 500 eyes fresh all-time highs, with immediate support at 5538.

29-08-2024 13:03 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Caution Reigns Ahead of Nvidia Earnings

The S&P 500 and Nasdaq 100 are trading cautiously ahead of Nvidia earnings and US PCE data. Nvidia's earnings this week could significantly impact the AI sector and set the tone for the stock market for the weeks ahead.

27-08-2024 12:09 GMT by Zain Vawda

Markets Weekly Outlook - Powell Delivers with Nvidia Earnings, PCE Data Next

Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell's remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve's September meeting. US PCE and EU Inflation data are highlights.

23-08-2024 13:13 GMT by Zain Vawda

S&P 500, Nasdaq 100 Technical Outlook: Significant Hurdles Ahead, Will the Rally Continue?

Pullbacks of 5% or more in the S&P 500 are relatively common, having occurred on average three times per year since 1930. Despite a recent market correction, the S&P 500 is still up 10% year-to-date, and the Nasdaq 100 is up 8.5% year-to-date. The S&P 500 faces technical resistance at the 100-day moving average (between 5330 and 5267), with further resistance expected at 5391 and 5500.

07-08-2024 13:55 GMT by Zain Vawda

AUD/USD remains under pressure as RBA holds rates

The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today.

06-08-2024 06:54 GMT by Kenneth Fisher

S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings

The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft's Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion. Investor focus is on AI earnings and future spending plans. JOLTZ job openings exceeded expectations, and coupled with easing inflation, rate cut discussions are prevalent.

30-07-2024 13:31 GMT by Zain Vawda

GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation

GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an 80% chance of a cut. Technically, GBP/USD has support at 1.2850 and resistance at 1.2950. Most Read: USD/JPY Declines Sharply as BoJ Considers Rate Hike Next Week Cable has continued to edge toward support at the 1.2850 handle as high impact US data lies in wait.

25-07-2024 07:25 GMT by Zain Vawda

Nasdaq 100: Potential bullish reversal looms ahead of Alphabet and Tesla earnings results

Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahead of a risk event; the earnings results of Alphabet & Tesla after today’s US session close.

23-07-2024 07:41 GMT by Kelvin Wong

FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead

The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth.

23-07-2024 06:55 GMT by Zain Vawda

Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility

This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with Euro Area and UK PMI data, and potential Chinese economic measures will be key drivers of market volatility. The Nasdaq 100's weekly chart shows a potential evening star candlestick pattern, hinting at further downside. Read More: JPY

19-07-2024 11:53 GMT by Zain Vawda

The Week Ahead - ECB Spotlight as Fed Rate Speculations Drive Market Shifts

US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of higher rates on the economy. In the UK, inflation data is due on Wednesday, and while headline CPI dipped below 2% in June, it is expected to rise again in the second half of the year.

12-07-2024 13:13 GMT by Zain Vawda

Stocks: all news & analysis