The S&P 500 Index ($SPX) (SPY) closed down -0.74% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -1.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%. E-mini S&P June futures (ESM26) fell -0.78% and E-mini Nasdaq June futures (NQM26) fell -0.32%. Stock indexes retreated on Wednesday, with the Nasdaq 100…
The Dollar Index (DXY00) rose to a 1.5-week high on Wednesday and ended with a gain of 0.22%. The dollar rose on Wednesday following the better-than-expected US April PPI report, which set a hawkish tone for Federal Reserve policy. The dollar is also supported as a safe haven amid concerns that the US-Iran ceasefire could…
The S&P 500 Index ($SPX) (SPY) closed down -0.11% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.14%. June E-mini S&P futures (ESM26) fell -0.12% and June E-mini Nasdaq futures (NQM26) rose +0.12%. Stock indexes gave up an early advance on Friday…
The markets feel unstable right now. Prices are reacting sharply to relatively small pieces of information. A small profit loss leads to a liquidation that seems disproportionate. A decent result triggers a rally that fades just as quickly. Investors watch the tape and look for the same explanation. Volatility.But volatility is not the story. It…
The Dollar Index (DXY00) has risen sharply by +1.29% to hit a 3.25-month high. The dollar is today extending Monday’s rally after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the possibility of additional rate cuts by the Federal Reserve, a supportive factor for the dollar. Market expectations for a Fed…
The S&P 500 Index ($SPX) (SPY) closed down -0.51% on Wednesday, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.77%. E-mini S&P March futures (ESH26) fell -0.44% and E-mini Nasdaq March futures (NQH26) fell -1.69%. Stock indexes closed mixed on Wednesday, with the S&P…
Despite posting strong results in the final quarter of 2025, MSD (Merck & Co) has cut its 2026 guidance more than analysts expected, as the drugmaker prepares for the loss of exclusivity for several of its drugs. MSD reported fourth-quarter global sales of $16.4 billion, an increase of 5% from the same period in 2024….
The S&P 500 Index ($SPX) (SPY) closed down -0.13% on Thursday, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.53%. E-mini S&P March futures (ESH26) fell -0.20% and E-mini Nasdaq March futures (NQH26) fell -0.57%. Stock indexes closed mostly lower on Thursday, with the…
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.63% and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.76%. March E-mini S&P futures (ESH26) rose +0.52% and March E-mini Nasdaq futures (NQH26) rose +0.72%. Stock indexes on Thursday extended Wednesday’s relief rally as…
The Dollar Index (DXY00) is down -0.22% as underlying dollar bearish sentiment outweighed today’s better-than-expected US GDP report and lower chances of the Federal Reserve easing monetary policy. Markets have today reduced the odds of a -25bp rate cut from 20% to 13% at the next FOMC meeting on January 27-28. The dollar continues to…
