After a weird week for U.S. stocks – the Dow, S&P 500 and Nasdaq yet again notch new records on Friday after losing ground during the week Inflation and growth Do you believe stalling economic growth is a bigger threat than inflation? Right now I have less of an ideaRead More →
Major U.S. stock indexes fell Thursday on concerns of a slowing global economic comeback from the pandemic. The losses came as countries grappled with a fresh virus cases due to Covid variants. Japan declared a state of emergency in Tokyo and said the games will be spectator free. Indices drop The DowRead More →
It has been reported that as many as 200 U.S. companies have been hit by a ransomware attack, according to a cyber security specialist. It was a ‘collossal’ hit! It was reported by Huntress Labs that the hack targeted Florida based IT company Kaseya before spreading through corporate networks that useRead More →
Despite S&P 500 and Nasdaq record highs – is there a worry the market is due a correction? Looking at the recent records for the S&P 500 and Nasdaq you’d think all is good. Inflation fears have eased, economic indicators are strengthening and the Federal Reserve remains extremely supportive. ButRead More →
S&P 500 record The S&P 500 climbed close to 0.6% to hit a new record closing high of 4266 reclaiming its previous record from 14th June and fully recovering the losses triggered by the Federal Reserve’s surprise policy pivot. Comments from Fed Chair Jerome Powell Tuesday reiterated that inflation pressures shouldRead More →
UK inflation jumped to 2.1% in the year to May As the UK economy opened up – consumer spending increased. The Consumer Prices Index (PCI) measure of inflation climbed from 1.5% in April, according to the Office for National Statistics (ONS), driven by the rising cost of clothes, fuel, foodRead More →
The only way is… up? The Nasdaq reached a record high on Monday 14th June 2021 as investors were tempted back into growth stocks ahead of a Federal Reserve two day meeting due to start on Tuesday 15th June 2021 Nasdaq The Nasdaq tech loaded index climbed 0.7% to anRead More →
Prospects brighter for global economic recovery The OECD (Organisation for Economic Cooperation and Development) said the world economy is likely to expand by 5.6% in 2021. The figure for the UK is 5.1% followed by 4.7% next year. This significantly brighter outlook reflects the deployment of effective vaccines. Stimulus aidRead More →
Dow and S&P 500 hit new all time highs! U.S. stocks climbed to record highs on Thursday, 11th March 2021 as a rebound in tech shares resumed and President Biden’s massive $1.9 trillion Covid relief package became law. The Dow finished up 188 points after rallying more than 300 pointsRead More →
Dow makes history reaching 32297 and set a new high The Dow Jones Industrial Average on Wednesday 10th March 2021 closed above 32,000, reaching a new record high. The 30 stock index closed at 32297. It took just 42 days to achieve the milestone and the index has now madeRead More →