September The Worst Month for the S&P 500
August was a turbulent month for the US stock market. On the 5th, the S&P 500 experienced its largest daily drop since 2022, falling by 3%.
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August was a turbulent month for the US stock market. On the 5th, the S&P 500 experienced its largest daily drop since 2022, falling by 3%.
As seen on the S&P/ASX 200 chart (Australia 200 on FXOpen), today's candle surpassed the 8200 level, marking a new all-time high.
As shown by the S&P 500 index chart, yesterday's trading saw the index hit a new intraday high of 5,678.9, surpassing the previous record of 5,677.5 set on 16 July.
The chart of the UK stock index FTSE 100 (UK 100 on FXOpen) shows prevailing positive sentiment in the market.
Yesterday, the European Central Banks Governing Council cut the refinancing rate, as expected, from 4.25% to 3.65%.
Historically, September has been the worst month for the S&P 500 (US SPX 500 mini on FXOpen), and the start of the month reflected this trend...
On July 11, the Nikkei 225 index (Japan 225 on FXOpen) started to decline. Notably, on July 15, we observed bearish activity around the 41330 level.
On July 31, we noted that the Nasdaq Composite Index had reached significant support, highlighting trendline A and warning of potential volatility spikes
As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market...
Today, after the main trading session ends, Nvidia (NVDA) will release its second-quarter earnings report.
On 2 August, we analysed the S&P 500 (US SPX 500 mini on FXOpen) chart, where we: Constructed an ascending channel A-B with a median line shown as a dotted line...
The daily S&P 500 chart (US SPX 500 mini on FXOpen) indicates a vulnerable position since mid-April, the price has been moving within an upward channel
On Friday, the FTSE 100 index rose by 0.4% to 8273 points, continuing its 0.9% rise on Thursday
Important news days are ahead, with high volatility likely in the US stock markets.
BitMEX has updated the weight and index multiplier of its basket indices, impacting several key indices as of July 26, 2024. (Read More)
As indicated by the Nasdaq Composite chart (US Tech 100 mini on FXOpen), yesterday's decline was -2.62% in a single session.
Thus, tech stocks experienced the sharpest drop since late 2022, with around 75% of companies in the Nasdaq Composite index closing in the red.
Alphabet (GOOG)
BitMEX will update the weight and index multiplier of basket indices on July 26, 2024. The affected indices include .BMEMEMEXT. (Read More)
Yesterday, the S&P 500 stock index (US SPX 500 mini on FXOpen) set another historical high, closing near the 5650 level.
However, similar records are not observed on the charts of rally leaders from the first half of 2024 – NVDA's price is 8.6% below
As we reported on 26th June, analysing the Nikkei 225 chart (Japan 225 on FXOpen):
→ The price is in a significant upward trend (shown by the blue channel);
→ The price may continue to rise along the median line.
Since then, the Nikkei 225 index (Japan 225 on FXOpen)
Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory:
→ CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%;
→ CPI year-on-year: actual = 3.0%, forecast = 3.1%, previous month = 3.3%.
The data
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