THE GIST (“THE WHAT”) Gapping lower at the open following last two day’s intense sell-off, the S&P 500 index extended losses amid growing prospects of interest rates staying higher for longer. The sell-off gained momentum in the final hour of the session as the index gave up its 100 DMA and closed near day’s lows (more…)

THE GIST (“THE WHAT”) Weakness in technology stocks weighed down on the broader S&P 500 index for the third session in a row as investors remain nervous about the prospects of the Fed keeping interest rates higher for longer. Gains in defensive sectors like utilities, health and real estate helped limit the day’s losses. Opening (more…)

THE GIST (“THE WHAT”) In its best day since June, the S&P 500 index rallied as interest-sensitive technology and real-estate stocks traded higher alongside falling treasury yields. Mixed bag of economic data pushed yields lower, benefiting growth stocks. Opening higher, the index held on to gains for most part of the session, closing near day’s (more…)

HE GIST (“THE WHAT”) Disappointing results by Netflix and Tesla sparked a sell-off in technology stocks, weighing down on the broader index. Yields jumped following fresh round of economic data that supported ‘higher for longer’ Fed’s policy stance, further dampening sentiment. The S&P 500 index fell 30.85 points (0.68%) to close at 4534.86. Note: Our daily (more…)

THE GIST (“THE WHAT”) Extending previous session’s gains, the S&P 500 index consolidated near 14-month highs, closing the choppy session at 4369.01, up 30.08 points (0.69%). The keenly awaited CPI data for the month of May suggested that the headline inflation rose by a less-than-estimated 4% on a year-on-year basis, primarily due to declines in (more…)