US Markets wrapped up 3% lower after Fed Chair Jerome Powell expressed the Fed’s persistence in bringing down inflation

US Markets wrapped up 3% lower after Fed Chair Jerome Powell expressed the Fed’s persistence in bringing down inflation [image]
2022-08-29 11:03uSMART

Dow jumps 300 points higher with all eyes on Jackson Hole speech

U.S. stocks rose on Thursday as investors braced themselves for developments from the Jackson Hole central bankers’ summit. The Dow spiked 322.55 points, or 0.98%, with gains accelerating in the final hour of trading. The S&P 500 jumped 1.41%, and the Nasdaq Composite advanced 1.67% [image]
2022-08-26 10:00uSMART

U.S. stocks closed modestly higher as ahead of Jackson Hole Speech

US stock markets were more muted on Wednesday. The S&P 500 ended 0.3% higher. The Dow Jones Industrial Average and Nasdaq also inched higher. Investors hope a clarity about where interest rates are heading during the upcoming symposium [image]
2022-08-25 10:00uSMART

Wall street ends lower after run of weak economic data

U.S. stocks closed lower on Tuesday as a run of downbeat economic data pressured markets. When the closing bell rang on Wall Street, the S&P 500 was down 0.2%, the Dow off 0.5%, and the Nasdaq Composite was flat [image]
2022-08-24 10:00uSMART

Dow slumps over 600 points in biggest decline since June

U.S. stocks suffered their biggest decline since June 16 on Monday on worries about the gloomy economic perspective and fears of additional Fed hikes. The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&P 500 dropped 2.14% to 4,137.99, and the Nasdaq Composite tumbled 2.55% to 12,381.57, respectively [image]
2022-08-23 10:00uSMART

U.S. stocks fall and dollar up on fed hike fears, S&P 500 snaps 4-week-long gains

Friday’s halt in Wall Street’s summer rally came as fed hike fears. The S&P 500 slid 1.29% to close at 4,228.48, while the Dow Jones Industrial Average tumbled 292.30 points, or 0.86%, to 33,706.74. The Nasdaq Composite dropped 2.01% to settle at 12,705.22 [image]
2022-08-22 12:00uSMART

S&P 500, Nasdaq edge higher as jobless claims decline

U.S. stocks edged higher on Thursday after disappointing US home sales data followed better than expected labour market and manufacturing reports. US Markets closed higher, with the S&P 500 ended the day up 0.24%, and the Nasdaq up 0.2% [image]
2022-08-19 12:00uSMART

Dow close lower to end 5-day win streak after disappointing earnings and flat retail data

U.S. Stocks under pressure on Wednesday after disappointing earnings from US retailer Target, new retail data, and Fed minutes.The Dow Jones Industrial Average shed 171.69 points, or 0.5%. The S&P 500 slipped 0.7%, while the technology-heavy Nasdaq Composite fell 1.3% [image]
2022-08-18 12:00uSMART

U.S. stocks mixed as strong earnings and weak economic data coexist

The S&P 500 ended the day up 0.2 per cent, while the technology-heavy Nasdaq Composite closed down 0.2 per cent, having switched between small gains and losses throughout Tuesday [image]
2022-08-17 12:00uSMART