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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

Market Update: US Stocks Surge on Election Day, Fed Decision in Focus, and Key Moves in Tech & Commodities

US stocks surged on Election Day, with the S&P 500 up 1%, Nasdaq 100 gaining 1.3%, and the Dow climbing nearly 400 points as investors eagerly awaited the outcome of the tight race between Kamala Harris and Donald Trump. With the election behind us, …

Team Kalkine | 06 November 2024

US Stocks Dip Ahead of Election & Fed Decision; Uranium Drops, Oil Rises, and Tech Faces Pressure

US stocks finished lower on Monday as investors brace for a pivotal week with the presidential election & the Fed’s policy decision. The S&P 500 & Nasdaq both fell 0.3%, while the Dow dropped 257 points. Election uncertainty & Fed’s expected 0.25% rate cut …

Team Kalkine | 05 November 2024

Market Roundup: U.S. Stocks Surge, Dollar Dips, Oil Climbs Amid Election Countdown

U.S. stocks closed sharply higher on Friday, kicking off November with gains as strong earnings from Amazon (+6.2%) and Intel (+7.8%) lifted market sentiment despite a disappointing jobs report. The S&P 500 rose 0.4%, Nasdaq climbed 0.8%, and the Dow gained 288 points. Investors …

Team Kalkine | 04 November 2024

Market Snapshot: Tech Turmoil and Economic Outlook Weigh on U.S. Stocks

The S&P 500 closed sharply lower Thursday as a tech rout led by Meta and Microsoft, combined with hotter inflation data, clouded prospects for deeper Federal Reserve rate cuts. The Dow fell 378 points (0.9%), the S&P 500 dropped 1.9%, and the NASDAQ plummeted …

Team Kalkine | 01 November 2024
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