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S&P 500 forecast :SPX recovers from initial post NFP falls

US stocks recover from initial post-NFP losses. The closely watched US jobs report saw 199k jobs added in November, up from 150k. Meanwhile, unemployment fell to 3.7%, and wages grew at 0.4%, faster than expected. The data saw investors rein in Fed rate cut bets.

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December 8, 2023 09:57 AM
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Nasdaq 100 forecast: Stocks rise as weaker jobs data supports a dovish pivot

US stocks are heading higher after US ADP payrolls came in below expectations at 103k in November from 113k. The data comes after weaker than expected JOLTS jobs openings and supports the view that the Federal Reserve could look to cut interest rates early next year. Attention now turns to US non-farm payrolls and next week's FOMC meeting.

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December 6, 2023 08:56 AM
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Nasdaq 100 forecast :Stocks slip for a second day with jobs data in focus

Stocks are heading for a second day of losses as investors look ahead to data releases ahead of Friday's key non-farm payroll and next week's FOMC meeting. Attention is on US ISM services PMI which is expected to rise and JOLTS job openings which are forecast to show a slight decline to 9.3 million. Stronger than expected data could see the market push back on Fed rate cut expectations, pulling stocks lower.

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December 5, 2023 09:02 AM

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S&P 500 forecast: SPX looks to data for policy clues as blackout period kicks in

S&P 500 is heading to a lower open amid a cautious market mood. After strong gains across November, on bets that the Fed is at peak rates and could cut next year, attention now turns to economic data for clues over the Fed's next move. US factory orders are due today but the main focus will be on Friday's non-farm payroll figures. Meanwhile Uber rallies on S&P 500 inclusion news and Coinbase soars as Bitcoin hits breaks above $40k.

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December 4, 2023 09:03 AM
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Nasdaq 100 forecast: Stocks look cautiously to Fed Chair Powell's appearance

US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today. His comments will come as the Fed's preferred measure of inflation cooled to 3.5% YoY in October and as the market wraps up a month of impressive gains. Optimism that the Fed could start to cut rates next year lifted the Nasdaq 100 11% this month, its best monthly gain since mid-2022.

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December 1, 2023 09:15 AM
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S&P 500 Forecast: SPX rises as Fed's preferred inflation gauge cools

Stocks are set to end November on a strong footing after US core PCE, the Federal Reserve's preferred inflation gauge cooled inline with forecasts. Core PCE eased to 3.5% YoY from 3.7%, supporting the view that the Federal Reserve has finished hiking interest rates. Attention now turns to NY Fed President Williams for his comments ahead of Fed Chair Powell speech tomorrow.

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November 30, 2023 09:16 AM
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Nasdaq 100 forecast: Nasdaq 100 rises on rate cut optimism

US stocks are rising in risk on trade after comments from Federal Reserve officials raised expectations that the Fed was done hiking interest rates and is looking at when to start cutting rates. The market is now pricing in a 40% probability of a 25 basis point hike in March. Attention is shifting to tomorrow's inflation data for further clues over the path for rates.

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November 29, 2023 08:59 AM
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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.

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November 28, 2023 09:03 AM
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S&P 500 forecast: Stocks hover around a 3-month high at the start of a busy week

US stocks are set for a mixed open, with the S&P 500 hovering around a 3-month high after four straight weeks of gains. Optimism that the Fed has finished hiking interest rates has boosted demand for stocks. This week's US inflation data could provide further clues over the Fed's future path for rates. Today e-commerce companies will be in focus amid high expectations for strong Cyber Monday shopping.

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November 27, 2023 09:07 AM
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S&P 500 forecast: S&P 500 drifts on Black Friday

US stocks are set for a subdued open on Black Friday with the market open for half a day. Despite drifting today, stocks have had an impressive November, on track to be the best monthly gain in 3 years as data pointed to the Fed being at the end of its hiking cycle. Attention will be on US PMI data which is expected to tick lower.

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November 24, 2023 08:59 AM
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S&P 500 forecast: S&P 500 edges higher after Nvidia results, mixed data

US stocks are heading higher after a mildly lower close yesterday. Investors digest the latest Nvidia results, along with falling jobless claims and durable goods orders. The Fed meeting minutes saw policymakers reiterate that rates should remain high for longer. Still the market is convinced that the next move by the Fed will be a rate cut. Nvidia beat forecasts on top and bottom line.

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November 22, 2023 08:58 AM
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Nasdaq 100 forecast: Nasdaq 100 consolidates after recent rally

US stocks inch higher, consolidating after a strong rally across November. Expectations that the Fed is done hiking rates has boosted demand for equities. Investors are in wait and see mode ahead of the FOMC minutes tomorrow and Nvidia's earnings. Microsoft is in focus after hiring Sam Altman the ex-CEO of open AI who was ousted by the board on Friday.

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November 20, 2023 09:16 AM
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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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November 17, 2023 09:05 AM
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S&P500 Forecast :S&P500 steady as jobless claims support dovish Fed narrative

US stocks are holding after a run higher this week. US jobless claims came in above forecasts, supporting the view that the US labour market is cooling, amid a slightly slowing economy after the Fed's aggressive rate hiking cycle. The market is convinced that the Fed is done hiking rates and the next move will be a cut. Several Fed officials are due to speak later. Earning from Walmart, Macy's and Cisco are in focus.

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November 16, 2023 09:28 AM
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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.

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November 15, 2023 09:10 AM
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Nasdaq100 Forecast: Nasdaq100 soars after cooler CPI

US stocks are set to rise strongly on the open after US inflation cooled by more than expected, fueling bets that the Federal Reserve is done hiking interest rates. US CPI eased to 3.2%YoY from 3.7% in September. Core inflation also cooled. The data comes after the Fed left interest rates on hold in the November meeting but raise questions last week over whether another hike was needed.

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November 14, 2023 09:07 AM
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S&P500 Forecast: S&P500 inches lower in a subdued start & after Moody's downgrade

US stocks are inching lower in subdued trade after strong gains in the previous week and after Moody's rating agency downgraded the US credit outlook to Negative from Stable. Additionally trades are looking cautiously ahead to tomorrow's inflation data, which could provide further clues over the likelihood of the Federal Reserve cutting interest rates again.

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November 13, 2023 09:02 AM

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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.

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November 9, 2023 09:21 AM
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S&P500 Forecast: S&P500 trades cautiously ahead of Fed Chair Powell's speech

US stocks are set for a subdued open amid a cautious mood ahead of Federal Reserve Chair Jerome Powell's speech shortly. His speech comes as the S&P500 index notches up its longest streak of winning days since 2021. As well as the Fed, earnings are still under the spotlight with Disney due to report. Meanwhile oil prices drop to a 3-month low on demand worries.

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November 8, 2023 09:07 AM
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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.

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November 7, 2023 09:07 AM
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S&P500 Forecast: Stocks rise building on last week's gains

US stocks are pointing to a modestly higher start, building on strong gains last week. US indices posted the strongest weekly performance in almost a year after weaker than expected US NFP supported the Fed's perceived dovish tilt earlier in the week. Attention now turns to Federal Reserve speaker s later, who could offer further clues on the outlook for the US economy and when the Fed could start cutting rates.

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November 6, 2023 08:50 AM
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S&P500 Forecast: Stocks jump after a weak NFP report

US stocks are pointing to a stronger open after US non-farm payrolls were weaker than expected. 150K jobs were added in October, below the 180k forecast. September's headline job creation was also revised lower and unemployment ticked higher. The data shows a cooling jobs market in a slowing economy, which supports the view that the Federal Reserve is done with hiking.

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November 3, 2023 09:22 AM
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Nasdaq 100 Forecast :Stocks rise on bets that the Fed has finished hiking

US stocks head higher, extending gains from yesterday after hints from the Fed that it is at the end of its hiking cycle. US treasury yields have fallen boosting stocks. US jobless claims rose to a 7-week high ahead of tomorrow's non-farm payroll data. Earnings are also in focus with Apple is set to report after the close and is expected to post a 6th straight quarterly decline in revenue. EPS is set to rise to $1.39.

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November 2, 2023 10:13 AM