19 Jan 24 : Stock Market Rebounds
The stock market rebounded after two consecutive days of losses. The Dow Jones Industrial Average increased by 0.54%, the S&P 500 rose by 0.88%, and the Nasdaq Composite surged by 1.35%. The main driver behind this recovery was the positive earnings report from TSMC, which saw its stock price jump by 9.79%. This strong performance […]
Black Friday breaks records
Black Friday sales were strong, with online sales up 7.5% YoY to $9.8bn. Cyber Monday is expected to break records with an estimated $12.5bn in sales. Companies like Shopify (+4.89%), Etsy (+3%), and Affirm (+12%) saw significant gains due to the increased demand for their products.
SA equities may deliver 20%
Markets have been relatively quiet overnight due to the US Thanksgiving holiday. While the ceasefire in the middle east is good news, major Asian indices are down this morning, with China performing particularly poorly.
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01 Nov : Gains Overnight -> FOMC Meeting Today
Broad, but modest gains overnight for the Dow and Nasdaq. BP down. AB Inbev up.
