On Friday, October 20, U.S. stock markets closed in red as investors worried about potential interest rate increases and the expanding Israel-Hamas conflict. All 11 S&P 500 sectors experienced declines, with technology and financials leading the downturn. The third-quarter U.S. earnings season is in full swing, with 86 S&P 500 companies having reported their results. The Dow Jones Industrial Average declined by 0.86% to 33,127.28, the S&P 500 dipped 1.26% to 4,224.16, while the Nasdaq Composite
On Wednesday, October 18, the U.S. stock markets ended lower due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts. Investors await Powell’s Speech at Economic Club of New York, amidst recent strong U.S. data. Yields rose as U.S. single-family homebuilding rebounded in September, indicating that the Fed may maintain higher rates for a longer period. In economic data, Single-family housing starts increased 3.2% to an annual rate of 963,000 units, as rep
On Tuesday, October 17, the U.S. stock markets closed mixed, reflecting strong economic data and robust Q3 earnings, hinting at a prolonged tight monetary policy by the Federal Reserve. U.S. retail sales increased by 0.7% in September, surpassing estimates of a 0.3% rise, while U.S. industrial production saw a 0.3% monthly gain in September, exceeding market expectations. Most S&P 500 sectors closed positively, led by materials and energy stocks. However, the technology and real estate sectors c
On Friday, October 13, the U.S. stock markets closed mixed as declining consumer confidence and Middle East tensions overshadowed positive earnings from major U.S. banks. Major Wall Street banks kicked off the third quarter earnings season. In the S&P500 11 key sectors, energy topped the gains with a 2.3% increase due to rising oil prices. Utilities rose by 1% and consumer staples gained 0.8%, also emerging as leading sectors. The Dow Jones Industrial Average increased by 0.12% to 33,670.29, the
On Thursday, October 13, the U.S. stock markets closed in red, affected by rising bond yields following a U.S. Treasury auction and data indicating a higher-than-expected increase in September consumer price. The benchmark yield surged to 4.728%, reversing the declines observed over the last two days. U.S. inflation for September was 3.7%, slightly above the expected 3.6%. Initial jobless claims for the week ended October 7 remained at 209,000, just below the anticipated 210,000. The Dow Jones I