Capital market trends shift rapidly. As part of your daily fundamental and technical analysis, you need to stay on top of global market news.
Day traders should especially pay attention to the major updates in economics.
Here are the top news of the day that caught our attention.
The S&P 500 and Dow Jones Industrial Average both surged to record closing highs on Thursday, powered by investors piling into growth and technology stocks the day after artificial intelligence poster child Nvidia’s bumper earnings and outlook.
The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week’s U.S. and euro zone inflation data.
Telsey Advisory Group expects Costco (NASDAQ) to post a solid November sales report after the close on Wednesday, November 29, the firm said in a note Monday.