Yearly Archives: 2024
Dow Jones Set New High on Earnings Optimism
Written on November 1, 2024 at 6:13 am, by
Market Summary The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks such as Goldman Sachs, Morgan Stanley, and Bank of America, which exceeded earnings expectations, have further fueled risk appetite in the U.S. equity market. This optimism hasContinue Reading
Gold Price Soar on Geopolitical Tension
Written on November 1, 2024 at 6:12 am, by
Market Summary Wall Street saw a retracement in the last session, with a similar sentiment spreading to the Asian markets during the Tokyo session, where the Chinese equity market led the decline. This sell-off is believed to have been triggered by ASML, the world’s most advanced chip making machines manufacturer, missing its earnings target, indicatingContinue Reading
Wall Street Bullish as Market Confidence on Earnings Performance
Written on November 1, 2024 at 6:10 am, by
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment dampened by aContinue Reading
