The Nasdaq beat its peers in Tuesday’s mixed US stock market, driven by soaring megacap technology giants. Market players are anticipating Wednesday’s publication of important consumer inflation data. It might have an impact on this month’s next interest rate decision by the US Federal Reserve. December 17–18 is the date of the Fed meeting. At…
With all three major indices recording weekly gains, Wall Street ended Friday’s trading session higher as investors found solace in statistics showing strong economic activity in the largest economy in the world. Expectations of lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year propelled a measure of business activity to…
This week, investors will be closely monitoring corporate earnings releases, retail sales data, and unemployment claims reports to further validate the economic resilience that has bolstered equity markets this month. This will put the US consumer confidence in the focus. The benchmark S&P 500, which has gained more than 21% this year, is poised to…