US equity markets settled with modest declines, running out of steam in the final half hour of trading as investors eye tonight’s AEST inflation data - Dow inched +13-points or +0.04% higher and is on course to record its best monthly gain since October 2022, up +7.19% so far in November ..read more

US equity markets edged higher and remained on track to post solid monthly gains as bond yields retreated, with investors eyeing Thursday night’s AEST (31 November) inflation data - Dow added +84-points or +0.24%. Boeing Co gained +1.4%, buoyed by an upgrade to ‘Outperform’ from ‘Sector Perform’ by RBC Capital (who also lifted their target price on the airplane manufacturer to US$275 from US$200). “After another year of supply-chain disruptions and lowered expectations, we believe the set-up into 2024 is favourable,” the analysts said in a research note ..read more

US equity markets settled with modest declines following a muted session absent any major leads to open the week - Dow fell -57-points or -0.16%. The broader S&P500 eased -0.20%. Health Care (down -0.64%) and Industrials (-0.58%) fell over >0.50% to lead seven of the eleven primary sectors lower. Real Estate (up +0.38%) sat atop the primary sector leaderboard. The Nasdaq dipped -0.07%. The small capitalisation Russell 2000 lost -0.35 ..read more

US equity markets settled little changed following an abbreviated, low volume post-Thanksgiving Holiday session on Friday (24 November), although both the Dow and S&P 500 logged their highest closes since 1 August - Dow rose +117-points or +0.33% to 35,390.15, with 27 of the 30 index components advancing ..read more

European bourses recorded another round of modest gains, with the Oil and Gas sector (up +1.4%) advancing despite fresh falls on crude markets and lifting the pan-European Stoxx 600 index (which includes UK equities) +0.30%. The Travel and Leisure sector fell -1.0%. Germany's DAX edged +0.23% higher. France's CAC rose +0.24 ..read more

US equity markets advanced as investors digested durable goods orders and consumer sentiment data ahead of the Thanksgiving holiday - Dow rallied +185-points or +0.53% to 35,273.03, the highest level since 14 August ..read more

US equity markets advanced, with the S&P 500 and Nasdaq extending gains into a fifth consecutive session - Dow rose +204-points or +0.58%, with Boeing Co (up +4.65% to US$217.71) the leading performer in the 30-stock index, buoyed by an upgrade at Deutsche Bank (who raised their target price to US$270 from US$204). Microsoft Corp climbed +2.05% to a record closing high of US$377.44 after Chief Executive Officer (CEO) Satya Nadella said former OpenAI CEO Sam Altman will be joining the technology giant to lead a new artificial intelligence (AI) research team. The news of Mr Altman’s hiring a ..read more

US equity markets edged higher on Friday (17 November) to record a third straight week of gains - Dow settled flat. The broader S&P500 edged +0.13% higher, with Energy (up 2.12%) returning to the top of the primary sector leaderboard on Friday (17 November) and leading six of the eleven primary sectors higher. Citigroup Inc is poised to announce the first big round of lay-offs tonight AEST in a sweeping restructuring that will eventually result in thousands of positions being eliminated, according to various media reports. The Gap Inc soared +30.58% after the retailer posted a better-than ..read more

US equity markets mixed as investors digested the latest round of earnings releases from various retailers - Dow eased -46-points or -0.13%, snapping a four session winning streak. Cisco Systems Inc dropped -9.83% after the company slashed its full year revenue forecast (to US$53.8B to US$55B, down from a previous forecast of US$57B to US$58B, and implying a revenue decline of almost 5%) after the close of the previous session. Intel Corp (up +6.75%) was the best performing Dow component ..read more

US equity markets logged modest gains, building on the strong rally of the previous session as investors weighed another round of subdued inflation data - Dow rose +164-points or +0.47% to 34,991.24, extending gains into a fourth straight session and logging its highest close since 14 August ..read more