Financial news and actionable analysis
The S&P 500 index is little changed in the futures market as traders reacted to news that a coronavirus vaccine will take longer than expected. It is also reacting to new that the US will ban TikTok on Sunday. The index is trading at $3355, which is higher than yesterday’s...
Following yesterday’s selloff on the S&P 500, the index has made a slight recovery this Friday, but still looks set to end the week lower to make it two losing weeks in a row. The Materials index of the S&P 500 is behind today’s rise as it is up by […]
The bloodbath on the S&P 500 has finally stalled, as the index opened higher this Wednesday. The rout in the technology shares abated as the tech index gained 2% to fuel a decent 1% recovery at the time of writing. All 11 subsectors on the S&P 500 are trading higher, […]
The S&P 500 index is extending its selloff into the third day as the tech and energy sectors led a total sectorial collapse on the index. Not even comments by US Senate Majority Leader Mitch McConnell on a new vote by the Republicans in the US Senate was enough to […]
The contagion from the tech selloff on the Nasdaq 100 is rubbing off on the S&P 500 index, with sellers regaining control after an initial higher opening. The S&P 500 index is currently trading at 3379.8, a drop of 2.17% on the day as at the time of writing. By […]
The S&P 500 is lower on the day as risk aversion hits the US markets despite the drop in unemployment claims below the 1 million mark. Jobless claims came in at 881K, which was lower than last week’s number and less than the 955K predicted by market analysts. Today’s move […]
The S&P 500 opened for Tuesday’s trading session in the red, down by 3.7 points at 3497.0 as it picked up from yesterday’s lower close. The S&P 500 closed at 3500.3, after a lacklustre end to what has been its 2nd best performing month in 2020. However, buyers seem to […]
