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Much of the business news last week centred around TikTok, which shut down in the US on Sunday, before announcing it was “in the process of restoring service” later the same day, writes Ian Slattery.
US equities took a tumble on Friday after December’s monthly jobs report surpassed expectations. 256,000 jobs were added in the month, and the unemployment rate dropped from 4.2% to 4.1%, writes Ian Slattery.
Christmas didn’t come to US equities this year, all three major indexes, the S&P 500, the Nasdaq 100 and the Dow Jones, finished the typical “Santa Rally” period in the red, writes Ian Slattery.
The Fed will meet this week, and the market’s confidence in a 25-bps rate cut was strengthened after the CPI release on Wednesday, writes Ian Slattery.
Major US indices finished the week higher as investors shared a similar sentiment to consumers seen in Friday's release, writes Ian Slattery.
In the US, major equity indexes ended the week on a positive note, recovering some of the losses from the previous week, despite uncertainty surrounding the upcoming Trump administration’s policies contributing to rising geopolitical tensions, writes Ian Slattery.
Following an election week packed full of record highs, last week was a sobering one for US equities, writes Ian Slattery.
The results of the US election created a wave of positivity in the US equity markets last week, principally founded on the belief that Trump’s administration will fulfil its promise of lower taxes and lighter regulation, writes Ian Slattery.
Major US equity indices ended the week higher, reaching new record highs as the beginning of earnings season helped to offset several disappointing economic reports, writes Ian Slattery.
US major equity indexes ended the week on a positive note on the back of a stronger than expected employment data, despite reports of a dockworkers’ strikes at Eastern seaports in the US, writes Ian Slattery.