Dow Jones

“No news is good news” as they say, and if US indices continue to consolidate around current levels, we could be looking at a situation where “no price action is good price action.”

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.

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.

The Dow, S&P 500 and Nasdaq 100 are all testing key resistance levels and could pull back over the next couple days...

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.

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.

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.

US stocks are heading lower as treasury yields push over 5% amid bets that the Fed will keep interest rates higher for longer. Last week Federal Chair Jerome Powell pointed out the strength in the US economy and the tight labour market as reasons why the Fed may need to act aggressively to tame inflation. US Q34 GDP and core CPI inflation are due later this week. Developments in the Middle East and nerves ahead of big tech earnings are also pulling stocks lower.

US stocks are pointing to a modestly lower start as investors look ahead to the Apple event later today, tomorrow's US inflation data and after disappointing current quarter revenue growth guidance from Oracle. Apple is expected to unveil its iPhone 15 just days after China banned the use of iPhones by state employees. There is no US economic data due today. The key focus this week is tomorrow's inflation data.

A strong ISM report weighed on US stock markets on Wednesday, which saw the Down Jones retrace for a third day and drag SPI 200 futures lower overnight. Yet both the Dow Jones and ASX 200 find themselves at interesting levels of potential support.

US stocks are pointing to a mixed open as weak China data revives economic slowdown concerns and US treasury yields tick higher.

US stocks are pointing to a flat start after strong gains yesterday and as ADP payrolls cool by more than expected adding to signs that the US labour market is weakening.

The Dow is holding near 18-month highs, and a break above 35,700 resistance could pave the way for a continuation toward 36K or even the record highs at 37K.

Can Disney’s earnings provide a much-needed catalyst for the House of Mouse?

US stocks open higher after the Federal Reserve raised interest rates again yesterday but markets raise bets that the hiking cycle is almost over. The market is only pricing in a 26% probability of another rate hike this year. The Fed staff also no longer expect a US recession. Stronger than forecast GDP, durable goods orders and jobless claims data boosted the market mood further and sparked a rebound in the USD. Meta jumps after beating earnings and revenue forecasts.

The Dow Jones is set to rise for an 11th straight session ahead of a key week for the markets. This week the Federal Reserve will announce its interest rate decision on Wednesday, where it is expected to raise interest rates by 25 basis points, but will it signal that it is done? This week is also a big week for corporate earnings with the likes of Microsoft, Meta and Alphabet updating the market. Today US PMI figures will also be in focus.

The Dow Jones is rising for a 10th straight session, marking the longest winning run since 2017 as investors keep an eye on the latest wave of corporate earnings and as investors look ahead to the FOMC interest rate decision next week. The Fed is expected to raise interest rates by 25 basis points. On the earnings calendar, American Express beat forecasts and tech stocks are recovering after yesterday's selloff.