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The Dow Jones Industrial Average was up again, and this week registered the 13th day of rises on the trot, which hasn’t happened since 1987.
The Dow Jones Industrial Average fought for a 10-day in a row rise, which are the best consecutive up-days for the index since 2017! This coincided with the Nasdaq dropping over 2%, as initial jobless claims in the US fell to a two-month low, which sparked some to argue that this will push the Fed to give another rate rise this upcoming week, which hurt tech stocks.
In case you’re wondering, early Saturday morning for me starts with a ‘crawl’ out of bed and the first thing I grab is my mobile phone. I quickly click on the markets’ app, and today for Wall St it was green on the screen!
In case you’re wondering, early Saturday morning for me starts with a ‘crawl’ out of bed and the first thing I grab is my mobile phone. I quickly click on the markets’ app, and today for Wall St it was green on the screen!
In case you’re wondering, early Saturday morning for me starts with a ‘crawl’ out of bed and the first thing I grab is my mobile phone. I quickly click on the markets’ app, and today for Wall St it was green on the screen!
Surprise! Surprise! Wall Street and global stock markets have gone negative after a run of very positive weeks. The Dow dropped 0.65%, while the NASDAQ gave up 1%.
It’s been another positive week for stocks in the US and here, with the US Federal Reserve helping stock prices through a pause on its aggressive interest rate rise policy and leaving a message that they could be done with monetary tightening.
US stocks zoomed higher on the back of a double boost to investor confidence following the May jobs report, which could go down as a memorable Goldilocks result!
US stocks zoomed higher on the back of a double boost to investor confidence following the May jobs report, which could go down as a memorable Goldilocks result!
No one should ever be totally sure what issues really rattle Wall Street, such as the current biggest concern, namely, the US debt ceiling wrangling in Washington. Overnight, the signs were positive.
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