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Wall Street surged on Monday as investors bet on a second term for presidential candidate Donald Trump and anticipated interest rate cuts. The Dow Jones Industrial Average hit a record high, with broad-based market gains. Key Points: Trump's Re-Election Boost : Increased odds of Trump winning after surviving an assassination attempt. PredictIt betting odds: Trump at 66 cents (up from 60 cents), Biden at 26 cents. Lower taxes and regulatory policies expected under a Republican administration. Stock Performance : Trump-linked stocks soared: Trump Media & Technology Group, Phunware, and Rumble gained 6% to 32%. Crypto stocks rose with Bitcoin hitting a two-week high: Coinbase Global, Marathon Digital, and Riot Platforms advanced 5.3% to 8.2%. Other beneficiaries: Smith & Wesson (+12.6%), GEO Group (+9.4%), UnitedHealth (+2%). Interest Rate Cut Hopes : 88% probability of a 25-basis-point rate cut by September. Expected two rate cuts in 2024. Boosted by cooler-than-expected infl...

It hasn't been like this for a while but the US stocks saw a surge yesterday and rose across the board, supported by the jump in oil price while rally in Amazon.com just made S&P 500 to reach its best day in two months. Wall Street bullish All three major averages closed about 1.25 percent higher in high volume trade, with the Dow up about 222 points. S&P 500 jumped 1.25 percent to 2,084.39 while Nasdaq Composite added 1.26 percent to 4,809.88. Amazon.com jumped 3.43 percent to a record of $703.07, giving the biggest boost to the S&P 500 and the Nasdaq. All 10 major S&P sectors gained and seven of them were up over 1 percent, led by a 1.75 percent rise in the energy index. Oil rose over 4 percent as supply disruptions in Canada and elsewhere overshadowed fears of oversupply. International stock markets were helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken t...

Standard & Poor's 500 Index turns positive for 2016 in the wake of a  dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November. One of the greatest comeback in the history The S&P 500 followed the Dow Jones Industrial Average to advance for the year, after a poor start to the year, with  The Dow jumping by 12% in 24 days through Thursday, boosted by seven separate daily advances exceeding 1%. It's amazing given that 2016 has started with one of the worst performance so far but a stunning comeback with stocks pushing over the top as US Fed signaled a slower pace of interest-rate increase this week. The S&P 500 added 0.4% to 2,049 and is now up 0.3% this year after falling as much as 11%. According to a report from Bloomberg, Friday’s gains were braced by health-care companies, with the group on the way to ending the longest losing streak in two months. Banks were on pace to halt a three-day slide after also lagging...

US stock market surged higher over the past month  and will be looking to Fed for what's next on the table. Just how fast will the Fed raise the interest rate is anybody's guess and it starts from next week. The bullish market is here to stay?  With the recent economic data showing a stronger US economy and relieved concerns of a recession, the S&P500 recovered strongly in February.  The S&P 500 rose 1.6% to 2,022, capping a fourth straight week of gains, the most since November. The gauge finished above its average price during the past 200 days for the first time this year, ending its longest streak below that threshold since 2011. The Dow gained 218 points. The S&P 500 has rebounded more than 10% since a Feb. 11 low and trimmed its 2016 drop to less than 1.2%, after losses of as much as 11% at one time amid concern over China’s economic slowdown and a deepening oil rout. Investor sentiment in the aftermath of the ECB’s announcements, swing...

Wall Street market back on track as oil gain Wednesday off for a good start as Wall Streets goes higher as oil prices up on expectation of freeze output agreement among the major producers. Brent crude hovered above $40 a barrel on Wednesday. However, industry watchers remain skeptical of a sustained recovery in prices due to the oversupply. Reuters reported that at 9:37 a.m. ET, the Dow Jones industrial average was up 45.78 points, or 0.27%, at 17,009.88, the S&P 500 was up 6.14 points, or 0.31%, at 1,985.4 and the Nasdaq Composite index was up 7.63 points, or 0.16%, at 4,656.46. Markets worldwide were lower on Wednesday as investors fretted about global economic conditions ahead of central bank meetings on monetary policies. This was largely due to the disappointing data coming out from China. US economy may seems to have find its footing with the recent data and reports but Asia and Euro zone are not looking so positive with a faltering growth outlook. According...

The US market opened lower on Tuesday as weak Chinese data brings back the fear of a global economic slowdown. Wall Street Reuters reported that China's February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The data weighed on markets worldwide. It is obvious that people are still very nervous and the market is in such a fragile state that any bad news could easily break it. Crude prices also shed their gains and were down about 2%. Oil has recovered from the 2016 low touched in January, but Goldman Sachs analysts on Tuesday said the recent rally was premature as prices would need to remain lower to help rebalance the market later in the year. At 9:39 a.m. ET, the Dow Jones industrial average was down 84.02 points, or 0.49%, at 16,989.93, the S&P 500 was down 13.35 points, or 0.67%, at 1,988.41 and the Nasdaq Composite index was down 35.30 points, or 0.75%, at 4,672.95. Investors are focusing on da...

This week, the market open lower, dragged down by both financial and technology stocks, after last week's rally in Wall Street. Wall Street opened slightly lower The S&P 500 and Dow Jones Industrial Average has their good run last week with an upbeat jobs report on Friday, suggesting a recovering economy. However, the report was not strong enough for the Federal Reserve to consider an immediate increase in interest rates. The Dow closed above 17,000 on Friday for the first time since January, while the S&P was just shy of 2,000, levels that traders consider psychologically important. According to Reuters, at 9:40 a.m. ET the Dow Jones industrial average was down 32.53 points, or 0.19%, at 16,974.24, the S&P 500 was down 6.99 points, or 0.35%, at 1,993 and the Nasdaq Composite index was down 17.83 points, or 0.38%, at 4,699.19. A string of upbeat data from major economies and stabilizing commodity prices have helped improve sentiment in 2016 after a bearish st...

The oil price continue to influence the global market, as it makes headline again. After some stability in oil prices in recent days, the oil prices slipped again today and the market is reacting to it.   In late morning trading on Thursday, U.S stocks were lowered. Earlier in the day, weekly jobless claims data rose unexpectedly but the trend continued to point towards a strengthening and recovering labor market. labor market. The data comes ahead of the comprehensive labor report for February on Friday. The report is expected to show an addition of 190,000 jobs, compared with 151,000 in January. Brent crude LCOc1 rose 0.7 percent to $37.20 and is up about 35% from last month's lows. U.S. crude LCOc1 was up 1.1% at $35.03. The ISM non-manufacturing PMI index slowed to 53.4 in February from 53.5 the month before, but came in above expectations of 53.2. According to Reuters, as at 1 1:09 a.m. ET the Dow Jones industrial average was down 21.68 points, or 0.13%, ...

At this point, oil cycle is everything and the global market rallied after crude oil goes up as market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets. Crude oil futures rose more than 2% after Venezuela reaffirmed an oil producers meeting in mid-March that would include Saudi Arabia, Russia and Qatar. Prior to the announcement, oil was down as much as 3%. U.S. crude futures CLc1 settled up 92 cents, or 2.9 % , at $33.07 a barrel. Brent crude futures LCOc1 finished up 88 cents, or 2.6 % , at $35.29 a barrel, hitting a three-week high. The US market is also looking bullish as a robust data on durable goods orders indicated a recovery in the manufacturing sector The Dow Jones industrial average improved by 1.29% to 16,697.36, the S&P 500 added 21.93 points, or 1.14 % , to 1,951.73 and the Nasdaq Composite gained 39.60 points, or 0.87 % , to 4,582.21. European equity markets also showed some positivism aft...

Wall Street Update Thursday morning saw Wall Street opened slightly higher with data pointing towards a better US manufacturing activity. The market however sees the upside limited by drop in oil prices. The durable goods orders up by 4.9%, beating the estimated 2.5% as demand picked up across the board. On the other hand, crude prices drop further as global oversupply outweighed the strong U.S gasoline demand. The investment sentiment is also impacted as fear over the impact on financial sectors increased, with banks preparing for a wave of defaults from oil and gas companies. According to Reuters report, as at 9:37 a.m. ET (1437 GMT), the Dow Jones industrial average was up 70.06 points, or 0.42 percent, at 16,555.05. The S&P 500 .SPX was up 7.88 points, or 0.41 percent, at 1,937.68 and the Nasdaq Composite index .IXIC was up 13.41 points, or 0.3 percent, at 4,556.01. Eight of the 10 major S&P sectors were higher, led by a 0.57 percent rise in financials .SPSY. Ban...

The US market saw a late-session rally yesterday to close higher, helped by an increase in oil prices that helped to reduce investors' fears on banks' vulnerability to the big chunk of debt of the energy companies and their ability to repay their debts. Wall Street Update   S & P energy sector saw a gain of 0.9%, trimming its loss in 2016 to 27% after US crude futures went up by about 1%.  Besides the S&P energy sector, there are 8 other major sectors in the index that saw a gain compared to the previous close. The three major indexes saw a gain towards the end of the day after a day at the negative territory. The Dow Jones industrial average rose 0.32% to end at 16,484.99 points and the S&P 500 gained 0.44 percent to 1,929.8. The Nasdaq Composite added 0.87 percent to 4,542.61. Crude prices near 2003 lows have hammered the earnings of U.S. energy companies, exacerbated fears of a slowing global economy and created turbulence on Wall Street that...

The rally in oil prices lifted Wall Street on Monday as energy stocks that have been crushed recently find strength. This includes stocks like Chevron and Schlumberger.   As what have been seen over the last few months, Wall Street has been dictated by the oil prices' trend, which have left the market down so far in 2016, although we are seeing a slight recovery last week. The recovery seems to continue as oil gains some strength. The US crude prices were up by more than 6% albeit still at around decades low. We are seeing strength in the market across the board, with all 10 major S&P sectors finishing higher. Besides oil, prices of industrial metals such as copper and zinc rose as concerns and worries over the potential shortages arise. The Dow Jones industrial average were up by 1.39% to close at 16,620.66 points while the S&P 500 jumped 1.45% to 1,945.5. The Nasdaq Composite gained 1.47% to 4,570.61. Recent turmoil in global markets and macroeconomic uncer...

The volatility of the market continues as Wall Street closed lower on Thursday, snapping the 3-day rally this week as Wal-Mart fell and dragged on the market after a slowdown seen in their latest quarter earnings while oil prices pulled back as well. US market falls as Wal-Mart weighs while oil price also pulls back Wal-Mart Stores Inc (WMT.N) fell 3 percent after the world's largest retailer reported a lower quarterly profit and gave a tepid sales outlook. The stock was the biggest percentage loser in the Dow index. After the market closed, department store operator Nordstrom Inc (JWN.N) reported lower-than-expected quarterly profit and its shares sank 7 percent. The oil prices slide lower as well after rallying in recent days. The oil prices pulled back as the benchmark Brent settled lower after data showed a build in U.S. crude inventories. The Dow Jones industrial average fell 40.4 points, or 0.25 percent, to 16,413.43, the S&P 500 lost 8.99 points, or 0.47 pe...

Wall Street fell late on Thursday morning after a three-day rally. A slump in Wal-Mart weighed on consumer stocks and as oil prices retreated, sectors that drove the three-day rally gave up some gains. Crude oil prices, whose performance has been tightly tied to the stock market, dropped from session highs after a report showed U.S. crude stocks rose last week. Brent crude was flat. Wal-Mart (WMT.N) slumped 4.4 percent to $63.23 after the retailer reported a lower quarterly profit and gave a lackluster sales outlook.  The stock was the biggest drag on the Dow and also dragged down other consumer stocks. Reuters reported that limiting the losses were shares of IBM (IBM.N), which rose 5.7 percent to $133.35 after Morgan Stanley upgraded the stock to "overweight" and the company made another health-related acquisition. At 11:11 a.m. ET, the Dow Jones industrial average .DJI was down 35.44 points, or 0.22 percent, at 16,418.39. The S&P 500 .SPX was down 8.76 points, or 0.45...

US stocks rebounded after a rather bad week. Wall Street Update It wasn't easy, after the bad week that seen US led a global equity decline. The rebound was largely due to the oil price that had its best day in seven years and bank shares jumped the most since 2011.  The Standard & Poor’s 500 Index’s still lost slightly for the week, albeit only at less than 1% after the rally yesterday. Statistical data released has shown a higher retail sales. Banks seen a rally of about 4% after JPMorgan Chase & Co.’s Jamie Dimon said he bought more shares in the bank, while Commerzbank AG’s results helped European equities rebound from the lowest level since 2013.  The yield on 10-year Treasuries climbed for the first time in six days. Crude rallied 12 percent from a 12-year low to top $29 a barrel in New York. The week ended on a slightly positive note for US and European shares, as Commerzbank’s results eased concern that lenders won’t find ways to be profitable a...

The worst start to the year just got crazier as global bear markets looks to worsen . And the US stock market's decline continued as well. The stock markets closed lower on Thursday but way better off than their lows, as investors digested a massive global sell-off, falling oil prices, and chatter about a possible OPEC production cut. The Dow briefly fell 400 points in afternoon trading as Boeing and Goldman Sachs weighed the most on the blue chips index before rebounding to close 254 points lower than previous closed. The rebound was due to a report that energy minister of the United Arab Emirates on Sky News Arabia saying OPEC members were ready to cooperate on a production cut. Suhail bin Mohammed al-Mazrouei also said low prices were already forcing non-OPEC members to cap production. The S&P 500 dropped 1.23 percent as financials fell. The financial sector was on track for its first five-day losing streak since August. At session lows, S&P briefly broke below...

Wall Street Update   Wall Street has seen an early rally lost steam yesterday as market closed mix, with the Dow Jones Industrial average turned negative and fell 100 points, or 0.6%, to 15,915, after being up for most of the day and rising as high as 190 points in early trading. The early rally was sparked after Federal Reserve Chair Janet Yellen's prepared remarks to lawmakers cited emerging headwinds that could signal a pause in its plan to raise interest rates. S & P 500 was off its earlier highs and ended up down just 0.02% to 1852. The Nasdaq composite index rose 15 points, or 0.4%, to 4284. Investors continue to remain nervous about a potential slowing down of the economy and uncertainty surrounding plans for further interest rate hikes. Analysts were hoping that Yellen would hint that the Federal Reserve could hold off on additional rate hikes, due to tightening financial conditions caused by market tumult and slowing global growth since its December meeting, w...

Stocks closed near the flatline Tuesday after a choppy trading session as U.S. oil prices seesawed and investors looked ahead to Fed Chair Janet Yellen's testimony. The Dow fell nearly 150 points shortly after the open but briefly turned positive. The blue chips index briefly rose 100 points in late-afternoon trading, with Home Depot contributing the most gains. The S&P 500 dropped nearly 1 percent at the open before briefly turning positive. The index held lower for most of the afternoon but briefly tried for gains as energy traded off its session lows. The Nasdaq composite seesawed, opening down more than 1 percent, before reversing losses and gaining about 1 percent. In afternoon trading, however, the index fell more than 1 percent before trying for gains. Investors also kept an eye on oil prices Tuesday. WTI futures plunged 5.89 percent, or $1.75, to trade at $27.94 a barrel in choppy trading. Earlier, the International Energy Agency said that demand for oi...

Wall Street might not like 2016. It already seem like it. Another Friday free fall...and there goes the short winning streak in this week. The downtrend seems like something that continue The market was hit badly with disappointing jobs report. Nasdaq composite fall to its lowest level in more than 15 months. The Dow Jones industrial average, which had patched together two straight days of gains, was down 211.61 points, or 1.3%, to 16,204.97. The broader Standard & Poor's 500 was down 35.40 points, or 1.9%, to 1880.05. Nasdaq tumbled 3.3% The real carnage was in the Nasdaq, which tumbled 146.41 points, or 3.3%. to 4363.14 -- its lowest close since Oct. 20, 2014. And for the week, the Nasdaq posted more than 5% loss. The Dow dropped about 1.6% and S&P 500 tumbled 3.5%. The release of a weak January jobs report, pointing to a possible downshift in the U.S economy. This adds to the uncertainty to Federal Reserve interest rate policy. The new jobs crea...

It seems like it's destined to be another day of disappointment for Wall Street but a late rally helps US Down Jones and the S&P 500 to go back to green. The Nasdaq remains weaker, but was way better than the day's low. Wall Street Update As the USD weakened, investors were quick to act on it and this help to snapped a two days oil rout. Russia's foreign minister's comments also reignited hopes of a deal among oil producers to trim output. The energy index jumped on this news. The battle to be the most valuable company continues as Alphabet shares tumbled 4% to US$749.38, with Apple regaining the position in terms of market capitalization. Apple rose 2% to US$96.35. The Dow Jones industrial average .DJI ended up 183.12 points, or 1.13 percent, to 16,336.66, the S&P 500 .SPX gained 9.5 points, or 0.5 percent, to 1,912.53 and the Nasdaq Composite .IXIC dropped 12.71 points, or 0.28 percent, to 4,504.24. Stocks' late-day rally reversed sharp losses...