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Market scorecard Yesterday, US markets closed slightly lower. The most notable achievement was the old-school Dow Jones Industrial Average crossing 40 000 for the first time ever. It's up nearly 40% from its lows in September 2022 and has more than doubled since May 2020, amidst the tumult of the Covid-19 pandemic. In company news, …

Coin toss investments

Market scorecard Wednesday saw another strong performance from US markets, with all three major indices closing at record highs. This followed a CPI report indicating a slight easing of inflation in April, suggesting that price pressures might be stabilising. Leading the gains in the S&P 500 were tech sector giants such as AMD (+4.3%), CrowdStrike …

iAI

Market scorecard US markets made solid gains last night, with the Nasdaq reaching a record high. Producer-price index data came out which was mixed, rising a little more than expected, although March's figures were revised downward. Notable large-cap gainers included Oracle (+3.9%), Tesla (+3.3%), Broadcom (+3.2%), and Blackstone (+3.1%). In company news, Microsoft has committed …

Less birth on Earth

Market scorecard Yesterday, US markets had an uneventful trading session. The Dow broke its eight-session green streak, the S&P 500 was basically unchanged even though nine of its eleven sectors ticked lower and the tech-heavy Nasdaq advanced slightly thanks to gains by Apple and Nvidia. In company news, Uber is looking to buy Delivery Hero's …

Jim did win

Market scorecard On Friday, US stocks ended on a positive note, capping strong gains for the week and putting April's slowdown behind us. All three major indices have seen increases of at least 3.7% so far in the month of May and all-time highs are back in sight. Very satisfactory. In company news, Taiwan Semiconductor …

Buy in May and stay

Market scorecard Yesterday, US markets edged higher, propelled by gains in property and utilities companies. The gains in May from all three major indices have reversed April's declines, and they are approaching new record highs. This surge in confidence stems from the growing belief on Wall Street that the Federal Reserve will start cutting interest …

Starshucks

Market scorecard US markets had an uneventful day. The S&P 500 ended slightly lower, its smallest movement since 2018 according to the statistics boffs. As the first-quarter earnings season approaches its conclusion, FactSet reports that S&P 500 companies grew earnings by 5.3%, the best outcome since the second quarter of 2022. Well done everyone. In …

Stryker operates

Market scorecard On Tuesday, the US markets closed with a mixed performance. The S&P 500 saw modest gains, bringing its year-to-date returns to 9.4%. However, the Nasdaq, experienced a slight decline, although its year-to-date performance remains impressive at 10.6%, despite the pullback it faced in April. In company news, luxury sportscar maker Ferrari fell 4.7% …

The weighting game

Market scorecard US markets pushed higher ahead of another busy week of corporate earnings. Both the broader S&P 500 and the tech-heavy Nasdaq extended their rally from last week with the usual suspects Eli Lilly (+4.3%), Nvidia (+3.8%), Meta (+3%), Netflix (+3%) and Tesla (+2%) leading the charge. In company news, Palantir Technologies declined 8.4% …

Delicious Apple

Market scorecard US markets rallied on Friday, driven by renewed optimism for potential interest-rate cuts later in the year. In April, employers only added 175 000 jobs, lower than the 240 000 expected, and the unemployment rate slightly increased to 3.9%. It was a case of bad news being good news. The positive momentum lifted …