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Daily-Wrap

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

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
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