Last Week's RecapThe US Market - The S&P 500 and Dow hit new highsThe major averages registered a fifth straight week of gains. The S&P 500 and Dow powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season.Stocks also benefited from data that alleviated fears that inflation was not cooling off quickly enough. Wall Street isn't worried that disinflation has run its course.The CPI rose 0.2% on the month and 2.4% from a year ago, both above forecasts. The core CPI rose 0.3% from August, while the 12-month increase unexpectedly edged up to 3.3%. Friday's PPI data showed an in-line 0.2% gain in core wholesale prices, but upward revisions to prior months' data meant the 12-month core PPI inflation r

Last Week's RecapThe US Market - Stocks rallied as an expectation-defying jobs reportStocks rallied on Friday after an expectation-defying jobs report gave investors confidence around the health of the economy, erasing losses seen in recent days. Mounting geopolitical tensions in the Middle East gave way to a shaky start in October for stocks.Friday's Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones. The unemployment rate fell to 4.1%. The news for the equity market as it increases the potential for a soft landing.China’s stimulus sent the Nasdaq Golden Dragon Index soaring 12.5% in the last four days, and it skyrocketed nearly 40% for September. Goldman’s specialist Scott Rubner thinks the long

Last Week's RecapThe US Market - S&P 500 closed above 5,700Major averages registered weekly gains with the Dow closed at a record on Friday. While the S&P 500 rose 1.36% for the week, capping a big rally that came after the first major easing of interest rate policy by the Federal Reserve in four years.On Wednesday afternoon, the Federal Reserve slashed interest rates by a supersized half point, its first cut since 2020. In a delayed reaction, the market climbed higher Thursday with the benchmark climbing to a record high.Fed Chairman Jerome Powell called the big opening move "a sign of our commitment not to get behind" the curve. Fed projections signaled a likelihood of another quarter-point cut at each of the year's final two meetings, bringing the Fed's benchmark overnight bank

Last Week's RecapThe US Market - S&P 500 recorded the strongest week of 2024The S&P 500 and the Nasdaq posted their strongest week of 2024 ahead of the upcoming Federal Reserve meeting.The benchmark gained 4% for the week as a moderation in inflation supported the case for a rate cut with rate-sensitive small cap stocks outperforming.The consumer price index in August came in at 2.5% on an annualized basis, the lowest level since February 2021. Producer price index (PPI) presented a more benign picture, lowering the 12-month wholesale inflation rate to 1.7%.Bets on the size of the Fed's cut have been volatile and were roughly even by late Friday. Expectations for a 50 basis point cut jumped to 49% from 28% on Thursday, according to CME's FedWatch Tool, which showed a 51% probabilit

Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:Super Micro Computer $SUPER MICRO COMPUTER INC(SMCI)$ shares fell again last Tuesday after Hindenburg Research disclosed a short position in the server maker and published a report that accuses the company of accounting anomalies, among other issues, following a three-month investigation that included interviews with former senior employees. While fellow artificial intelligence darling Nvidia has rebounded sharply leading into its quarterly earnings

Last Week's RecapThe US Market - SPX was near record highsThe stock market rallied to extend gains last week, largely on Friday as Fed chief Jerome Powell signaled rate cuts would start soon. The S&P 500 was back within striking distance of all-time highs set last month.Powell confirmed that the pivot to rate-cutting is on track for the September 18 meeting, saying, "The time has come for policy to adjust."However, Powell did not provide specific information on when, or by how big any cuts to the borrowing cost would be. He also dropped his characterization of the labor market as "still strong," and made clear that the Fed wants to avoid any additional labor market cooling.Market participants are pricing a 25-basis-point rate cut in September, as well as a full percentage point cut unt

Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:The uncertainty surrounding the U.S. economic outlook is testing investors' confidence in tech stocks. Can NVIDIA $NVIDIA Corp(NVDA)$ , as the AI leader, continue to fuel the "AI faith"? Recently, Asian stock markets have been on the rise, driven by expectations of a Federal Reserve rate cut. However, on Monday, the rally in Asia-Pacific markets took a pause, with stocks opening lower and continuing to decline. Meanwhile, gold prices and Asian curre

Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:Last week, amidst a series of factors including the yen interest rate hike and the release of the U.S. non-farm payroll data, the U.S. stock market experienced intense volatility. Technology sector stocks generally fell, with $SUPER MICRO COMPUTER INC(SMCI)$ seeing a significant drop of 18.55%. This substantial decline was attributed to the previously released earnings report, showing a disappointing gross margin. The most eye-catching performance w

Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:Last week, the U.S. stock market was significantly hit by a series of bearish factors, resulting in a noticeable decline and high market volatility. The technology sector showed a clear downward trend, with $NVIDIA Corp(NVDA)$ , $Tesla Motors(TSLA)$ , and $Advanced Micro Devices(AMD)$ all facing stock price declines. The most noteworthy was

Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:Last week, the stock market experienced significant fluctuations. In the technology sector, $Tesla Motors(TSLA)$ was the focus of attention. Despite a decline of 8.11%, the stock closed at $219.80. This volatility may be related to the market's expectations for Tesla's upcoming earnings report. It is noteworthy that $CrowdStrike Holdings, Inc.(CRWD)$ experienced a sharp 16% plunge in its stock price, which