Posts Tagged ‘Trending Now’

Weekly Review: The headline event in early trading last week was US inflation. According to the Bureau of Labour Statistics (BLS), annual inflation cooled to 6.4%. Although marking a seventh consecutive deceleration since the peak at 9.1% in June 2022, the release was marginally above the 6.2% consensus; the monthly measure, nonetheless, matched expectations at…

Major US equity indices hit the pause button in recent trading; both the S&P 500 and the Nasdaq Composite put a cap on back-to-back winning streaks last week and erased 1.1% and 2.4%, respectively. This represents the largest one-week decline since December 2022. Out of the 11 S&P 500 sectors, energy stocks were the only…