Skip to main content

Posts

Showing posts with the label dow

Featured Post

Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Post a Comment
Read more

Wall Street Wrap: Nasdaq & S&P 500 Hit Record Highs as Earnings Outshine Economic Woes

🟢 Nasdaq:  +0.4% to  20,974.17  🔥  (New Record) 🟢 S&P 500:  +0.1% to  6,305.60  🔥  (New Record) 🔴 Dow:  -0.04% to  44,323.07 Key Takeaways: Earnings Over Economy : Strong Q2 results (Verizon +4%) pushed markets higher, even as the  Leading Economic Index  dropped for the second month (-0.3%). 20% of S&P 500 companies have reported so far — beating estimates by  8% ! Movers & Shakers:  Winners: Opendoor (OPEN)  🚀 +42.7%  (463% gain since July 7!) Navitas Semi (NVTS)  🔋 +24.7%  (NVIDIA partnership buzz) Alphabet (GOOGL)  +2.7%,  Amazon (AMZN)  +1.4%,  Meta (META)  +1.2% Losers: QuantumScape (QS)  -14.5%  (cool-off after big run) Webull (BULL)  -13.4%  (profit-taking) NuScale (SMR)  -9.6%  (after 8-day win streak) Analyst Vibe: “Stock prices are holding up the economy right now.” – The Conference Board “AI & Big Tech are sti...
Post a Comment
Read more

Why July May Be the Fed’s First Rate Cut of 2025

The case for a  July rate cut by the Federal Reserve  is gaining traction — and this time, it’s not just about forward guidance or inflation readings. A  clear crack is emerging in the labor market , and investors are watching closely. The Jobs Market Just Flashed Red On Wednesday, the ADP private payroll report shocked markets with a  33,000 job cut  in June — a sharp reversal from the 98,000 job gain expected. It marked the  first net private-sector job loss in over two years , signaling a potential inflection point for the U.S. economy. While ADP reports can diverge from official data, the timing couldn’t be more critical:  the June nonfarm payrolls report  drops Thursday (a day early due to the July 4th holiday) and could solidify the Fed’s next move. Consensus forecast:  +110,000 new jobs Surprise risk:  A downside print would make the July FOMC meeting a  live  decision point. What Analysts Are Saying “There are enough wa...
Post a Comment
Read more

Dow and S&P 500 Edge Up as Rate-Cut Bets Firm; Energy Stocks Lead Gains

  The Dow Jones Industrial Average and the S&P 500 saw modest gains as investor confidence grew in anticipation of an imminent interest rate cut by the Federal Reserve. The energy sector led the rally, fueled by a surge in crude oil prices, while the tech-heavy Nasdaq Composite faced some pressure. Key Highlights: Federal Reserve Rate-Cut Expectations : Market sentiment was bolstered by Federal Reserve Chair Jerome Powell's comments on Friday, where he indicated that the time had come to lower borrowing costs due to diminishing inflation risks and moderating labor demand. This has increased the likelihood of a rate cut, with the CME Group's FedWatch tool showing a 69.5% chance of a 25-basis-point cut and a 30.5% chance of a 50-basis-point cut. Market Performance : Dow Jones Industrial Average : The Dow rose by 171.49 points, or 0.42%, reaching 41,346.57. S&P 500 : The S&P 500 gained 6.01 points, or 0.11%, to 5,640.62, nearing record highs. Nasdaq Composite : The Nas...
Post a Comment
Read more