Market Overview January 31

All three major indices are headed for weekly gains as investors evaluate the latest corporate results for the fourth quarter of 2024.

Economic News
2024年1月31日

All three major indices are headed for weekly gains as investors evaluate the latest corporate results for the fourth quarter of 2024.

The US GDP grew 3.3% y/y in the last quarter of 2023, exceeding estimates of 2%, according to recent government data. Five major companies listed at the S&P 500 released their results today, with 74% of them so far reporting results that exceeded expectations.

As for trading, the Dow Jones increased 0.3% as of 16:12 GMT to 38,149, the S&P 500 increased 0.1%, or 6 points, to 4,900, and the NASDAQ stabilised at 15,509.

Tuesday's uneven performance of US stock indices came as investors examined recent company earnings reports.

Amidst widespread anticipation that the US economy will experience a gentle landing prior to US interest rate reductions, investors are concentrating on quarterly earnings and inflation-related data.

The probability of a Fed interest rate announcement at the March meeting has decreased from 81% to 46%.

As of 17:20 GMT, the Dow Jones had dropped 162 points, or 0.4%, to 37,843, while the S&P 500 had stabilized at 4849 and the NASDAQ had settled at 15,357.

Robert Thompson

Economic News

Market Overview January 24

The US 10-year Treasury bond yield increased for the second session in a row above 4%, and further increases are expected in the following weeks.

Robert Thompson
2024年1月24日

Economic News

Market Overview January 17

The impact of the present war economy on Israel's deficit, which is predicted to rise from 2.25 to 6.6% of GDP this year, was highlighted in a recently updated 2024 budget, and we will address this topic in this paper.

Robert Thompson
2024年1月18日

Economic News

Market Overview January 10

In European trade, the euro appreciated vs the US dollar, holding onto gains for the second day and moving in a positive territory ahead of further indications regarding the direction of European policy going forward.

Robert Thompson
2024年1月10日