US equities ended down Thursday, near session lows. Market mood is negative today, with solid economic data contributing to the good-news-is-bad-news dynamic and adding some more support to the higher-for-longer Fed narrative. However, major market indices are getting some support from Nvidia’s...
Published 05/23/24
US equities ended lower Wednesday, not far from their worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 51bps, 27bps, and 18bps respectively. May FOMC minutes discussed "disappointing" data not boosting policymakers' confidence and that disinflation was likely to take longer...
Published 05/22/24