The S&P 500 has jumped to a three-week high, led by Apple, Amazon, Facebook and industrial shares on bets that the US and China would strike a deal to end their trade war. The three-day rally that kicked off on Friday following robust US jobs data and dovish...
Traders Edge – Tuesday 8th January
Amazon.com and Netflix have fuelled a second straight session of gains on Wall Street, as the resumption of US-China trade talks helped ease concerns that have pummelled the market in recent months. The benchmark S&P 500's advance added to a 3.4 per cent surge on...
Traders Edge – Monday 7th January
Wall Street has surged to close at its highest level in two weeks after a strong jobs report and assurances from US Federal Reserve chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. Based on the latest...
Traders Edge – Friday 4th December
Wall Street has sunk 2 per cent as weak US factory data and the fallout of a rare sales warning from Apple fanned fears of slowing growth and spurred the latest leg of a selloff that has sent indexes to their lowest since mid-2017. Apple's shares have slumped 10 per...
Traders Edge – Wednesday 2nd January 2019
Wall Street has advanced in relatively low-volume trading on New Year's Eve as revellers gathered to ring in 2019, marking the end of the worst year for US stocks since 2008. The Dow Jones Industrial Average rose 265.06 points, or 1.15 per cent, to 23,327.46, the...
Quarterly Economic Update – Dec 2018
Traders Edge – Monday 31st December
The S&P 500 has closed marginally lower in a choppy session, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide. The Dow Jones Industrial Average fell 76.42...
Traders Edge – Friday 28th December
US stocks have roared back to finish the day in positive territory, following steep losses earlier, as equities rebounded for a second day. The gains come a day after the major indexes posted their biggest daily percentage increases in nearly a decade, feeding some...
Traders Edge – Thursday 27th December
The Dow Jones Industrial Average has surged at least 1000 points in a single session for the first time in a broad stock rebound after the benchmark S&P 500 index was on the brink of a bear market. The three major US indexes all posted their biggest one-day...
Traders Edge – Monday 24th December
Wall Street stocks have fallen sharply in volatile trading, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The Dow Jones...