US CHIP STOCKS FED MINUTES
Wall Street Week Ahead: Expected US rate cuts have investors looking beyond big tech
Looming U.S. interest rate cuts are challenging investors to choose between continuing to invest in high-performing Big Tech stocks or diversifying into less favored market areas that could benefit from easing monetary policy. Recent market movements suggest a potential shift, as small caps and economically sensitive sectors show gains amid expectations of lower rates, while tech stocks face declines reminiscent of the late 1990s dot-com bubble.
Japan's Nikkei drops from record high on chip selloff, yen intervention nerves
The Nikkei share average dropped 2% on Friday, influenced by a tech stock selloff mirroring Wall Street. Profit-taking before Japan's long weekend due to currency intervention concerns. Tokyo Electron and Disco saw significant declines. Topix also down 0.93%. Market affected by bond yield decrease and SoftBank's chipmaker acquisition.
Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed
Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.
Japan's Nikkei hits record high as chip-related shares track US peers
Japan's Nikkei reached a record high as chip-related stocks followed U.S. peers. Investors anticipate Powell's speech for rate insights. Market sees increased likelihood of rate cut by September. Tokyo Electron and Advantest lead gains while bank stocks dip. Topix up 0.62% amid ETF payout concerns.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
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Asian stocks rise on tech rally, Fed rate cut wagers
Asian shares rose to a three-week high driven by tech stock rally as the dollar struggled post soft U.S. retail sales data, hinting at potential Fed rate cuts.
US stocks retreat with data, Fed comments in focus
Wall Street's main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
Nasdaq retreats from record peak as investors brace for cautious Fed signal
Market expectations have remained strong for a September start to policy easing, with the CME's FedWatch tool indicating over a 70% chance of a rate cut at that meeting. Traders are anticipating two cuts by the end of the year. However, this contrasts with the central bank's latest forecasts released on Wednesday, where policymakers reduced their projections from three cuts this year to just one.
Nasdaq hits fresh record high on soft producer inflation data, chip strength
Nasdaq-listed Broadcom surged 14.3% to a record high after the chipmaker raised its revenue forecast for semiconductors used in artificial intelligence (AI) technology. Additionally, the company announced a 10-for-1 forward stock split. Meanwhile, AI chip leader Nvidia saw a 3.3% increase, contributing to a 1.5% rise in the Philadelphia SE Semiconductor Index, which reached an all-time peak.
US stocks hit record highs, dollar pares losses after CPI, Fed decision
S&P 500 and Nasdaq reached record highs as U.S. Treasury yields fluctuated after the Fed's unchanged rates decision.
Dow dips nearly 1% as investors brace for CPI data, Fed rate decision
After a big advance by Nvidia and some other big tech names so far in 2024, "market participants are anticipating a possible consolidation period," said Briefing.com analyst Patrick O'Hare. Wednesday's Fed decision and consumer price index data "has market participants in a wait-and-see mode since both will fuel expectations about the path of monetary policy," he said.
Wall St cautious ahead of key inflation data, Fed meeting
This week's focus includes the Consumer Price Index inflation report for May and the conclusion of the Fed's two-day policy meeting, both scheduled for Wednesday. The central bank is expected to release updated economic and policy projections and is widely anticipated to hold interest rates steady. The S&P 500 trimmed its early losses, while gains in Microsoft, Amazon.com, and Broadcom helped lift the Nasdaq slightly higher. These stocks rose between 0.8% and 2.5%.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
Bond yields climb, stocks under pressure as Fed cut doubts resurface
U.S. Treasury yields rose, impacting global markets. Crude oil climbed ahead of the OPEC+ meeting. Improved U.S. consumer confidence added uncertainty to Fed rate cut expectations.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Japan's Nikkei slumps to weekly loss as Fed outlook weighs
Japan's Nikkei share average fell 1.17% to 38,646.11, influenced by Wall Street's decline due to U.S. economic data impacting Federal Reserve rate cut expectations. The Nikkei, down 0.36% for the week, saw chip stocks like Advantest and Tokyo Electron decline, influenced by Nomura Securities' analysis and 25-day moving average support.
Asian stocks fall, dollar rises as rate cut wagers waver
Asian stocks fell on Friday as strong U.S. economic data boosted the prospect of higher interest rates, affecting Asian-Pacific shares outside Japan, with Japan's Nikkei and China stocks also impacted. China's military conducted war games around Taiwan, impacting Hong Kong's Hang Seng Index, while Prashant Newnaha commented on the market and Fed's stance. Benchmark U.S.
Dollar set for weekly gain as rate cut bets ebb
The dollar is on track for its largest weekly gain in a month and a half, supported by strong U.S. economic data and a hawkish stance in Federal Reserve minutes.
D-Street off to a muted start as Fed minutes dim rate cute hopes
Nifty and Sensex opened flat on Thursday after disappointment in recent inflation data from the Federal Reserve, dampening hopes of an early rate cut. BSE Sensex traded 24 points higher at 74,245, while Nifty50 was at 22,604. Federal Reserve officials expressed concern about inflation persisting above the 2% target.
US stocks fall after Fed minutes; Nvidia shares climb after the bell
Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained.
GIFT Nifty down 30 points; here's the trading setup for today's session
"Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
US stocks listless in countdown to Nvidia results, Fed minutes
All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after markets close, can meet sky-high expectations and sustain the bumper gains the company's shares and other AI-related stocks recorded. The Nasdaq briefly touched a fresh record high in choppy trading.
Sensex ends 267 points higher, Nifty near 22,600 ahead of Fed mins
Domestic equity indices, BSE benchmark Sensex and NSE Nifty, surged on Wednesday, led by gains in fast-moving consumer goods and Reliance Industries, ahead of the Federal Reserve minutes.
D-Street opens marginally higher tracking gains in global peers; Fed minutes in focus
Benchmark equity indices opened higher, tracking gains in global equities. Investors focused on Federal Reserve's policy meeting minutes for rate cut clues. Uncertainty prevails over India's national elections outcome and foreign selling impact on Indian equities. Sensex pack includes major companies like Reliance Industries and UltraTech Cement, among others. BSE Sensex and Nifty50 show marginal increases.
US stocks end slightly higher after Fed comments, ahead of Nvidia
Nvidia, Wall Street's third-largest firm by market capitalization, will report results after the closing bell on Wednesday in what is likely to be a significant market catalyst and will test whether the outsized rally in AI-related stocks can be sustained.
GIFT Nifty up 10 points; here's the trading setup for today's session
"Despite FIIs selling and India Vix at elevated levels, markets have stabilized and we expect a gradual up-move going forward. Key events to watch this week – UK inflation data, US Existing Home Sales number and FOMC meeting minutes," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
US stocks range-bound on Fed policy caution, Nvidia results watch
The Dow fared better than its peers, boosted by financials and a 1.5% rise in Microsoft, a day after the tech giant launched its new line of personal computers with AI features. JPMorgan Chase rose 1.3%, recovering from Monday's 4.5% slide. That, coupled with gains in other major big banks, steered a 1.2% advance in the S&P 500 banks index.
Wall Street muted at open with Fed minutes, Nvidia results on tap this week
The Dow Jones Industrial Average fell 13.83 points, or 0.03%, at the open to 39,989.76. The S&P 500 opened higher by 2.08 points, or 0.04%, at 5,305.35, while the Nasdaq Composite gained 16.06 points, or 0.10%, to 16,702.02 at the opening bell.
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