US Index Technical Analysis: Dow, S&P 500, and Nasdaq 100 Reverse off Multi-Month Highs
“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”
Dow Jones forecast: Stocks set for a muted start ahead of consumer confidence data
Stocks are pointing to a subdued start as investors look ahead cautiously to Thursday's inflation data. Today consumer confidence figures are expected to show a slight deterioration in morale, Several Fed officials will speak across the day and could provide clues about the Fed's future path for interest rates. Retailers are in focus after Americans spent around $12 billion online on Cyber Monday.
Dow Jones Forecast :DJIA rises cautiously and is set for strong weekly gains
The Dow Jones is heading for a modestly positive open, but is set to book strong gains across the week. Cooling inflation, lower treasury yields and bets that the Federal Reserve has finished hiking interest rates has helped to boost the DJIA by 1.9% this week, while the USD is on track for a steep weekly decline. Oil is also steadying after steep losses in the previous session on ample supply and demand outlook concerns.
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US Index Analysis: DJIA, S&P 500, and Nasdaq 100 All Test Key Resistance
The Dow, S&P 500 and Nasdaq 100 are all testing key resistance levels and could pull back over the next couple days...
Dow Jones Forecast :Dow Jones extends gains after PPI, retail sales data
US stocks are heading higher, extending gains from yesterday after PPI and retail sales data. PPI fell -0.5% MoM down from 0.4%, boding well for CPI to cool further. Meanwhile, retail sales fell less than expected. The data supports the view that inflation is cooling and the US economy could avoid a recession, lifting sentiment and stocks higher. Attention now turns to a high-stakes meeting between US President Biden & China's Xi Jinping.
Dow Jones Forecast :Dow Jones rises with jobless claims, Powell in focus
US stocks are looking to a positive start after US jobless claims pointed to a cooling in the jobs market and ahead of a speech by Federal Reserve Chair Jerome Powell. Continuous jobless claims rose by more than forecast suggesting that it was becoming harder for Americans that are unemployed to find a job . The data comes after Friday's weak NFP report and could add to bets that the Fed is done hiking rates. Fed Chair Powell may shed more light on the future path for interest rates.
Dow Jones Forecast: Stocks struggle as peak rate optimism fades
US stocks are pointing to a subdued open as optimism fades that the Fed has reached peak interest rates. Minneapolis Fed President Neel Kashkari said that he believes the Fed still has more work to do to tame inflation. His comments come ahead of several more Fed speakers later today. As well as Fed commentary, US corporate earnings are in focus.
Dow Jones Forecast: Stocks fall as treasury yields hit 5%
US stocks are heading lower as treasury yields push over 5% amid bets that the Fed will keep interest rates higher for longer. Last week Federal Chair Jerome Powell pointed out the strength in the US economy and the tight labour market as reasons why the Fed may need to act aggressively to tame inflation. US Q34 GDP and core CPI inflation are due later this week. Developments in the Middle East and nerves ahead of big tech earnings are also pulling stocks lower.
Dow Jones Forecast :Stocks muted ahead of Fed speakers
Stocks are set for a muted open as investors look ahead to speeches from several Federal Reserve officials. The speeches come after comments from Fed officials yesterday raised questions over whether the US central bank would raise interest rates again this year. Meanwhile, oil prices are edging lower after strong gains yesterday and as the Mideast conflict rages on. The IMF also upwardly revised US economic growth forecasts for this year and next.
Dow Jones forecast: How will Nike earnings impact NKE stock?
Nike shares are at an 11-month low ahead of its results as markets worry about a slowdown in US consumer spending.
Dow Jones Forecast: Stocks fall on persistent concerns over higher rates for longer
US stocks are set to kick the final week of September off on a negative note, extending losses from last week and putting the three main indices on track for losses across September. The latest leg lower comes amid lingering concerns of higher interest rates for longer after the FOMC last week and as worries of a US government shutdown rise. The economic calendar is quiet with Minneapolis Fed President Neel Kashkari due to speak later. Amazon also ups its game in the AI race.
Dow Jones Forecast :Stocks rise but are set for heavy weekly losses
US stocks are heading higher but are set to book steep weekly losses after the hawkish stance from the Federal Reserve on Wednesday. The prospect of higher rates for longer and higher treasury yields is hurting demand for stocks, particularly tech stocks. The Nasdaq is set to fall 3.5% this week and is down 5.5% across the month. US PMI data is due shortly.
Dow Jones Forecast: Stocks steady as the 2-day FOMC meeting begins
US stocks are holding steady for a second straight session as investors opt to sit on the sidelines as the FOMC's 2-day meeting kicks off. The Fed is mot expected to hike rates but given recent resilient data and rising oil prices, the Fed is likely to keep the door open for further hikes. Adding to evidence of a resilient economy, the OECD upwardly revised the US growth outlook for this year and next. Separately, Instacart is set to IPO at $30 per share today.
Dow Jones Forecast: Stocks struggle as attention turns to the Fed
US stocks are heading for a modestly lower start as investors look ahead to the FOMC rate decision next week. A string of upbeat data has highlighted the resilience of the US economy which has eased recession concerns. However, the market hasn't raised expectations of a rate hike following the data. No rate hike is expected in September, but the Fed could leave the door open for another hike before the end of the year.
Dow Jones Forecast: Stocks drift lower ahead of the Apple event, tomorrow's CPI
US stocks are pointing to a modestly lower start as investors look ahead to the Apple event later today, tomorrow's US inflation data and after disappointing current quarter revenue growth guidance from Oracle. Apple is expected to unveil its iPhone 15 just days after China banned the use of iPhones by state employees. There is no US economic data due today. The key focus this week is tomorrow's inflation data.
Dow Jones, ASX 200 cling to support after strong ISM report: Asian Open
A strong ISM report weighed on US stock markets on Wednesday, which saw the Down Jones retrace for a third day and drag SPI 200 futures lower overnight. Yet both the Dow Jones and ASX 200 find themselves at interesting levels of potential support.
Dow Jones Forecast: Stocks mixed as treasury yields rise, China worries resurface
US stocks are pointing to a mixed open as weak China data revives economic slowdown concerns and US treasury yields tick higher.
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Dow Jones Forecast: Stocks steady as US jobs market shows signs of cooling
US stocks are pointing to a flat start after strong gains yesterday and as ADP payrolls cool by more than expected adding to signs that the US labour market is weakening.
Dow Analysis: DJIA Nears 18-Month Highs After Benign CPI Data
The Dow is holding near 18-month highs, and a break above 35,700 resistance could pave the way for a continuation toward 36K or even the record highs at 37K.
Dow Jones forecast: How will Disney earnings impact DIS stock?
Can Disney’s earnings provide a much-needed catalyst for the House of Mouse?
Dow Jones Forecast :Stocks rally after Fed cuts rates & GDP accelerates
US stocks open higher after the Federal Reserve raised interest rates again yesterday but markets raise bets that the hiking cycle is almost over. The market is only pricing in a 26% probability of another rate hike this year. The Fed staff also no longer expect a US recession. Stronger than forecast GDP, durable goods orders and jobless claims data boosted the market mood further and sparked a rebound in the USD. Meta jumps after beating earnings and revenue forecasts.
Dow Jones Forecast: Stocks rise ahead of a critical week
The Dow Jones is set to rise for an 11th straight session ahead of a key week for the markets. This week the Federal Reserve will announce its interest rate decision on Wednesday, where it is expected to raise interest rates by 25 basis points, but will it signal that it is done? This week is also a big week for corporate earnings with the likes of Microsoft, Meta and Alphabet updating the market. Today US PMI figures will also be in focus.
Dow Jones Forecast: Stocks rise for a 10th straight session
The Dow Jones is rising for a 10th straight session, marking the longest winning run since 2017 as investors keep an eye on the latest wave of corporate earnings and as investors look ahead to the FOMC interest rate decision next week. The Fed is expected to raise interest rates by 25 basis points. On the earnings calendar, American Express beat forecasts and tech stocks are recovering after yesterday's selloff.