Description
US equities finished lower in Thursday trading, ending near worst levels. Today’s defensive tone was chalked up to somewhat more hawkish takeaways from Powell, which came on the heels of the firmer PPI and claims prints this morning. On the data front, October core PPI was largely in line, though final demand services accelerated slightly and final demand goods turned positive after two-straight negative monthly prints.
Major US equity indices were higher this week, bouncing after last week's losses though the S&P and Nasdaq remain below post-election record closes. There was a big focus on corporate results this week, largely focused on the long-awaited Nvidia report. It was also another fairly busy week of...
Published 11/22/24
US equities were higher in Thursday trading as stocks ended just a bit off best levels. Nvidia dominated the headlines today following last night's earnings release. In macro news, initial claims fell to its lowest level since April, while continuing claims ticked to its highest level since...
Published 11/21/24