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Daily-Wrap

Tech Stocks Drive Gains, Oil Prices Climb, and Key Economic Reports Ahead

The S&P 500 and Nasdaq 100 closed at record highs to start December, gaining 0.2% and 1.1%, respectively, driven by large-cap tech stocks, while the Dow Jones fell 128 points. Tesla rose 3.4% after updating its "Full Self-Driving" software, and Super Micro Computer surged …

Team Kalkine | 03 December 2024

Stock Gains, Commodity Trends, and Economic Outlook

The Dow and S&P 500 reached new all-time highs on Friday, driven by a post-election rally following President-elect Trump's victory and strong US economic and corporate performance. Investors are now focused on upcoming US manufacturing and construction spending data, speeches from Federal Reserve officials, …

Team Kalkine | 02 December 2024

Market Update: Positive Momentum Across Indices, Commodities, Futures, and Macros

On Tuesday, the top gainers were Ulta Beauty Inc(+4.10%), followed by Walgreens Boots Alliance Inc (+3.78%) and VeirSign Inc (+3.49%). On the contrary, Dell Technologies Inc (-12.25%) and HO Inc (-11.36%) declined the most the same day.

Team Kalkine | 29 November 2024

Trends in Indices, Commodities, and Macro Data

Despite the pullback in Futures, Wall Street had posted gains on Tuesday, driven by strong performance in technology stocks, with both the S&P 500 and the Dow Jones Industrial Average reaching new record closing highs. Trading volumes were expected to remain low on Wednesday, …

Team Kalkine | 27 November 2024

Stocks Rally & Commodities Surge

On Monday, the Dow rose 0.99% to a record high, while the S&P 500 and Nasdaq gained 0.3% and 0.27%, respectively, driven by optimism over Trump's Treasury Secretary nomination. However, in after-hours trading, Kohl's shares dropped over 3% after its CEO announced his resignation, …

Team Kalkine | 26 November 2024

Market Update: Stocks, Commodities, and Bitcoin Show Strong Gains Ahead of Holiday Week

After the market closed on Friday, President-elect Trump announced his intention to nominate Scott Bessent as Treasury Secretary to support his protectionist trade policies. Investors are focused on upcoming FOMC minutes, PCE inflation data, and other key economic indicators for future interest rate expectations. …

Team Kalkine | 25 November 2024

Market Overview: Stocks Rally & Commodities Surge has context menu

On Thursday, the Dow rose 1.06%, the S&P 500 gained 0.53%, and the Nasdaq edged up 0.03%, as investors favored cyclical stocks over technology. In after-hours trading, Gap surged 16% after beating earnings expectations and raising sales guidance, while Ross Stores rose 8% following …

Team Kalkine | 22 November 2024

Market Movements, Commodities, and Economic Trends

Nvidia's stock dropped over 2% in after-hours trading, as investors expected stronger results, while Snowflake surged 20% on better-than-expected earnings. On Wednesday, the Dow rose 0.32%, the S&P 500 was flat, and the Nasdaq fell 0.11%. Investors are now focused on Thursday's economic data, …

Team Kalkine | 21 November 2024

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
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