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Market Snapshot: Commodities, Macro, Futures, and Indices

Focus is on Nvidia’s Blackwell AI chips, used by companies like OpenAI, Microsoft, and Meta for AI data centers. Nvidia's shares rose nearly 5% on Tuesday, boosting the Nasdaq by 1.04% and the S&P 500 by 0.4%. Meanwhile, the Dow fell 0.28%. Markets largely …

Team Kalkine | 20 November 2024

Commodities, Markets, and Tech: Gold Hits 1-Week High, S&P 500 Outlook, and Bitcoin Soars Amid Regulatory Optimism

Gold surged above $2,620/oz, hitting a 1-week high as the dollar paused and Fed rate cut bets for December fell to 59%. Geopolitical tensions, including Biden approving Ukraine’s use of U.S. long-range arms and Russia updating its nuclear doctrine, boosted safe-haven demand. Meanwhile, Brent …

Team Kalkine | 19 November 2024

Market Snapshot: Commodities, Macro, Futures, and Indices

US stocks closed lower Friday as rate cut hopes faded. S&P 500 fell 1.2%, Dow lost 290 pts, and Nasdaq dropped 1.9%. Powell's hawkish tone & strong retail data weighed on sentiment. Tech lagged (Nvidia -2.6%, Amazon -3.3%), while Tesla rose 1%. Pharma hit …

Team Kalkine | 18 November 2024

Market Update: Stocks Struggle, Powell Holds Steady on Rates, Crude Faces Oversupply Fears

S&P 500 & Nasdaq drop 0.6% on Thursday, Dow falls 207 points, as investors digest inflation data and Powell's comments on rate cuts. PPI, CPI reports show persistent inflation. Powell signals no rush to lower rates, pushing December rate cut odds to 62%. Disney …

Team Kalkine | 15 November 2024

Market Overview: Commodities, Economic Trends, Futures Performance, Indices Movements, and Key Market Drivers

Brent crude oil futures stabilize around $72/bbl as IEA warns of a potential 1M bpd surplus by 2025, fueled by OPEC+ production hikes & weaker Chinese demand. The dollar’s surge adds pressure, while geopolitical tensions & increased US/Brazil/Canada output weigh on prices. Gold drops …

Team Kalkine | 14 November 2024

Oil, Gold, and Stocks Pause Ahead of Key Economic Data

Brent crude oil rose above $72, recovering slightly from two-week lows due to short-term supply tightness. However, OPEC’s reduced 2024 demand forecast and weak data from China continue to weigh on sentiment. Gold surged above $2,600 as traders await key US economic data but …

Team Kalkine | 13 November 2024

Honeywell (NYSE: HON) upgrades FY24 revenue guidance to USD 38.6-38.6bn, expects 3-4% organic growth

Honeywell International Inc. (NYSE: HON)is an advanced technology company with a market cap of USD 146.46bn.

Team Kalkine | 12 November 2024

Dow Hits New Highs, Financials & Crypto Surge; Oil Dips Below $72, Gold Falls, and Economic Sentiment Declines in Germany

The Dow surged 304 points to a new high of 44,293, continuing its post-election rally on optimism around Trump’s return and expectations for deregulation & tax cuts.

Team Kalkine | 12 November 2024

S&P 500 Hits Record Highs, Oil Pressured by Supply Risks, China Unveils Debt Relief Plan

The S&P 500 hits fresh record highs, closing up 0.8% at 5,973.10, as the post-election rally continues following the Fed’s rate cut. The NASDAQ also posts a new record, gaining 1.5%, while the Dow finishes flat.

Team Kalkine | 08 November 2024

Market Surge Post-Trump Victory: Stocks, Banks, and Commodities React as Fed Decision Looms Index Update

US stocks soar to record highs after Trump’s 2024 election victory! 🇺🇸 The S&P 500 +2.5%, Nasdaq +2.9%, and Dow jumps 1,507 points (+3.6%)—its best day since 2022. Investor optimism is high on pro-business policies like tax cuts, deregulation, and tariffs. Financials, energy, and …

Team Kalkine | 07 November 2024
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