13 MAY. 2024 · US equity markets mixed following a session absent any major news or data, and with investors eyeing the latest round of inflation figures - Dow eased -81-points or -0.21%, snapping an eight session winning streak. Intel Corp rose +2.21% after The Wall Street Journal reported that the company is in talks with Apollo Global Management about providing US$11B in funds to help the chipmaker build a plant in Ireland.

12 MAY. 2024 · - US equity markets advanced although investor sentiment was kept in check after consumer sentiment data (including inflation expectations) deteriorated and ahead of inflation data later this week - Dow rose +125-points or +0.32%, booking an eighth consecutive session advance and best weekly performance of 2024 to date. Goldman Sachs Group Inc settled -0.18% lower after touching a record intra-day high of US$458.75. - The broader S&P500 added +0.16%, with Consumer Staples (up +0.64%), Information Technology (+0.48%) and Financials (+0.46%) the leading primary sector performers on Friday (10 May). Consumer Discretionary (down -0.61%) and Energy (-0.55%) were the laggards. - The Nasdaq dipped -0.03%. - The small capitalisation Russell 2000 lost -0.67%.

9 MAY. 2024 · US equity markets advanced as the latest weekly jobless claims figures fuelled fresh optimism around Federal Reserve interest rate cuts - Dow rallied +331-points or +0.85% to 39,387.76 to book its seventh consecutive session advance and highest close since 1 April. The 30-stock index also settled within 1.1% of its 28 March record closing high (39,807.37). Home Depot Inc (up +2.54%) and Caterpillar Inc (+2.11%) climbed over >2% to be the leading index components overnight. 

9 MAY. 2024 · US equity markets were mixed following a subdued session - Dow sealed its sixth consecutive session advance, rising +172-points or +0.44% to 39,056.39 to book its longest winning streak since the period that ended on 19 December (when the index rose for nine straight trading days). It also marked the first time that the 30-stock index closed above >39,000 since 3 April.  

8 MAY. 2024

8 MAY. 2024 · US equity markets advanced, building on last Friday’s (3 May) strong gains - Dow extended gains into a fourth straight session, up +177-points or +0.46%. Walt Disney Co (up +2.47%) was the leading performer in the 30-stock index ahead of the release of its fiscal second quarter result tonight AEST. Apple Inc fell -0.91% following news over the weekend that Berkshire Hathaway Inc, the largest shareholder in the iPhone maker, had reduced its stake in the company by ~13% (albeit it still comfortably remains the investment conglomerate’s largest position). The company hosts a product launch event tonight AEST called ‘Let Loose’ (with some expecting the release of a new iPad tablet). Meanwhile, iPhone manufacturer Foxconn - which trades as Hon Hai Precision Industry in Taiwan – jumped +7.37% and hit a record intra-day high (NT$168.50) after the company reported a 19.03% year-on-year rise in April revenue (to 510.9B New Taiwan dollars). The company said that its component business, as well as its cloud and networking products “delivered strong growth,” while its smart consumer electronics and computing products segment “showed significant year on year growth in revenue.”

5 MAY. 2024 · US equity markets rallied on Friday (3 May) after the latest jobs data printed weaker-than-expected for the first time in four months, with all three benchmark indices rising over >1% on the same day for the first time since 22 February  - Dow rallied +450-points or +1.18%. Apple Inc gained +5.98%, with the iPhone maker logging its best single session gain since 30 November, 2022 after unveiling stronger-than-expected fiscal second quarter result after the close of the previous session that included a record US$110B share buyback programme. Amgen Inc +11.82% - its best single session advance since 2009 - after the biopharmaceutical giant posted quarterly earnings that came in ahead of expectations and provided a positive update about trials of its injectable weight-loss drug MariTide after the close of last Thursday’s (2 May) session.

3 MAY. 2024 · US equity markets rallied ahead of the key jobs report for April tonight AEST and in the wake of the Federal Reserve’s latest monetary policy meeting - Dow gained +363-points or +0.96%. Boeing Co (up +4.31%) and Amazon.com Inc (+3.20%) were the leading performers in the 30-stock index. 

1 MAY. 2024 · US equity markets retreated overnight, reversing earlier gains as investors digested the latest monetary policy announcements from the Federal Reserve - Dow added +87-points or +0.2%, unwinding an earlier rally of over >500-points. Amazon.com Inc climbed +2.17% after reporting better-than-expected first-quarter earnings after the close of the previous session, underpinned by growth in its cloud computing and advertising businesses. Johnson & Johnson rose +4.56% after proposing a US$6.5B settlement that would resolve nearly all outstanding talc ovarian cancer lawsuits it faces.

30 ABR. 2024 · US equity markets retreated, extending losses in the final hour of trading as wage growth data dealt another blow to the Federal Reserve in its fight against inflation ahead of the central bank concluding its two-day monetary policy meeting tomorrow morning AEST - Dow fell -570-points or -1.49%, the largest one-day percentage decline for the 30-stock index since March 22, 2023. Economic bellwether Caterpillar Inc dropped -4.35%, while Boeing Co (-3.26%), Chevron Corp (-3.04%) and Microsoft Corp (-3.21%) fell over >3%. Walmart Inc fell -1.48% after announcing it was abandoning its push into low-cost health centres amid mounting costs.