Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Stocks surge in May as Fed and jobs data awaited

U.S. stocks rise in May; focus shifts to Fed and jobs report amid strong tech gains and positive inflation data.

Published

on

U.S. stocks rise in May; focus shifts to Fed and jobs report amid strong tech gains and positive inflation data.

In Short:
U.S. stocks ended May positively, with the S&P 500 up 6% mainly due to technology shares, while upcoming economic reports and Fed Chair Jerome Powell’s speech are anticipated to influence market expectations. Key data releases and earnings reports are scheduled throughout the week, with no rate cuts expected until September amid ongoing uncertainties.

U.S. stocks closed May with significant gains, as the S&P 500 rose by approximately 6%, driven mainly by technology and AI shares following Nvidia’s strong performance.

Inflation data showed unexpected improvement, supporting the Federal Reserve’s current policy position. The upcoming week will shift attention to labour market indicators and commentary from the Fed.

Fed Chair Jerome Powell is scheduled to speak on Monday, and the jobs report for May will be released on Friday. This report will offer crucial insights regarding hiring trends, wage pressures, and policy expectations as summer approaches.

Economic events

On June 2, economic events include the ISM Manufacturing PMI and Powell’s speech, along with earnings reports from Campbell Soup, Science Applications, and Credo Tech.

On June 3, the JOLTS Job Openings data will be released, with earnings reported from companies including Dollar General and NIO.

June 4 will feature the ADP Employment Change and the ISM Services PMI, alongside earnings from Dollar Tree and MongoDB, among others.

On June 5, Initial Jobless Claims data is anticipated, with earnings results from Brown-Forman, Lululemon, and others due after hours.

June 6 will see the release of Average Hourly Earnings, Nonfarm Payrolls, and the Unemployment Rate, accompanied by an earnings report from ABM Industries.

Powell’s comments this week may clarify the Fed’s stance, with markets generally expecting no rate cuts until September as uncertainties around tariffs and inflation persist.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

on

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


Download the Ticker app

Continue Reading

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

on

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

video
play-sharp-fill
In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


Download the Ticker app

Continue Reading

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

on

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


Download the Ticker app

Continue Reading

Trending Now