#MarketsWithETNOW | Indian markets have maintained ground this year so far, while major global indices have given negative returns. Take a look
#Nifty #Sensex #NiftyBank #StockMarket #Nasdaq #DowJones
#Nifty #Sensex #NiftyBank #StockMarket #Nasdaq #DowJones
🇺🇸 StockMarkets on Friday
#DowJones +0.8%
#Nasdaq +1.2%
S&P500 +1.1%
Dow bounces on Friday, but registers worst week in 2024
🇺🇸 Markets this week
#DowJones -2.27%
#Nasdaq -0.8%
S&P500 -0.95%
Russell 2000 -2.9%
Traders cheered a stronger-than-expected jobs report & looked past a jump in yields
Jobs Report
💪 Nonfarm payrolls growth totaled 303,000 in March vs expected to increase of 200,000
👉Wages +0.3% for the month & 4.1% from a year ago, both in line with estimates
Traders are currently pricing in an about 59% chance that the Fed will cut rates in June 🤔
🇺🇸 10 year yield at 4.4%
💸 Bitcoin at 69350$
💲 Dollar Index at 104.3
⛽️ Brent Crude at 90.9$/barrel
🪙 Gold at 2325$/ounce, at all time highs
🥈 Silver at 27.3$/ounce
What is keeping bullion up?
🇺🇸 interest rate cut bets
Speculative buying
Central bank purchases
#DowJones +0.8%
#Nasdaq +1.2%
S&P500 +1.1%
Dow bounces on Friday, but registers worst week in 2024
🇺🇸 Markets this week
#DowJones -2.27%
#Nasdaq -0.8%
S&P500 -0.95%
Russell 2000 -2.9%
Traders cheered a stronger-than-expected jobs report & looked past a jump in yields
Jobs Report
💪 Nonfarm payrolls growth totaled 303,000 in March vs expected to increase of 200,000
👉Wages +0.3% for the month & 4.1% from a year ago, both in line with estimates
Traders are currently pricing in an about 59% chance that the Fed will cut rates in June 🤔
🇺🇸 10 year yield at 4.4%
💸 Bitcoin at 69350$
💲 Dollar Index at 104.3
⛽️ Brent Crude at 90.9$/barrel
🪙 Gold at 2325$/ounce, at all time highs
🥈 Silver at 27.3$/ounce
What is keeping bullion up?
🇺🇸 interest rate cut bets
Speculative buying
Central bank purchases
Rise is US #yields spooks #WallStreet; #Dow, S&P 500 & #Nasdaq fall 0.5-1%. Weak global cues add to pre-exit polls nerves as FPIs turn heavy sellers in cash market.
US Markets
#DowJones +0.15%
#Nasdaq +0.03%
S&P500 +0.25%
👑 Nvidia’s market cap tops Microsoft as most valuable company!
Nvidia +174% since the start of the year as enthusiasm for AI shows no signs of dwindling
Semiconductor stocks also rose in sympathy 🤘
Qualcomm +2.2%
Taiwan Semiconductor +1.4%
Micron Technology +3.8%
Street Celebrates weak Eco Data 🕺
Retail sales w+0.1% in May, below the 0.2% expected
Weak retail sales report spurred hopes for some economic slowing and Federal Reserve rate cut rates 🤞
Fed Funds futures implied a 67% probability of at least one rate cut by the September Fed meeting vs 63% a day ago
Reaction:
10-year Treasury yield slipped to 4.215% 🤩
Dollar Index at 105.3
Others
⛽️ Brent Crude at 85.4$/barrel
🪙 Gold at $2329/ounce
Cyptocurrency market under pressure 😢
Bitcoin slips to $64,680
Ether -4%
Ripple’s XRP -6%
Dogecoin -11%
Reason 👉 concerns about the global economy and lower summer liquidity.
🚨Markets closed on Wednesday for the Juneteenth holiday 🚨
#DowJones +0.15%
#Nasdaq +0.03%
S&P500 +0.25%
👑 Nvidia’s market cap tops Microsoft as most valuable company!
Nvidia +174% since the start of the year as enthusiasm for AI shows no signs of dwindling
Semiconductor stocks also rose in sympathy 🤘
Qualcomm +2.2%
Taiwan Semiconductor +1.4%
Micron Technology +3.8%
Street Celebrates weak Eco Data 🕺
Retail sales w+0.1% in May, below the 0.2% expected
Weak retail sales report spurred hopes for some economic slowing and Federal Reserve rate cut rates 🤞
Fed Funds futures implied a 67% probability of at least one rate cut by the September Fed meeting vs 63% a day ago
Reaction:
10-year Treasury yield slipped to 4.215% 🤩
Dollar Index at 105.3
Others
⛽️ Brent Crude at 85.4$/barrel
🪙 Gold at $2329/ounce
Cyptocurrency market under pressure 😢
Bitcoin slips to $64,680
Ether -4%
Ripple’s XRP -6%
Dogecoin -11%
Reason 👉 concerns about the global economy and lower summer liquidity.
🚨Markets closed on Wednesday for the Juneteenth holiday 🚨
🇺🇸 Markets on Friday
#DowJones +0.55%
#Nasdaq +1.1%
S&P500 +1.01%
Performance in August
#DowJones +1.8%
#Nasdaq +0.7%
S&P 500 +2.3%
S&P 500 posts fourth straight winning month 👏
Personal consumption expenditures (PCE) price index data +0.2% on a monthly basis in July & +2.5% from a year ago - inline
Stronger post PCE Data 💪
🇺🇸 10 year bond yield at 3.91%
💲 Dollar index at 101.69
#DowJones +0.55%
#Nasdaq +1.1%
S&P500 +1.01%
Performance in August
#DowJones +1.8%
#Nasdaq +0.7%
S&P 500 +2.3%
S&P 500 posts fourth straight winning month 👏
Personal consumption expenditures (PCE) price index data +0.2% on a monthly basis in July & +2.5% from a year ago - inline
Stronger post PCE Data 💪
🇺🇸 10 year bond yield at 3.91%
💲 Dollar index at 101.69