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Nasdaq 100 Forecast: QQQ rises ahead of Fed Chair Powell's speech

U.S. stocks are pushing higher, with the NASDAQ 100 and the S&P 500 adding to yesterday’s record-high close ahead of comments from Federal Reserve Chair Jerome Powell. Investors are brushing off geopolitical risks, and attention is on a slew of US economic data; ADP payrolls were weaker than forecast, and ISM services PMI, as well as factory orders, are due to be released shortly. The data, along with Fed Chair Powell could give further insight into the future path for rates.

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Today 03:31 PM
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S&P500 Forecast: SPX falls as China - US trade tensions rise

U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war

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Yesterday 03:36 PM

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Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week

U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.

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December 2, 2024 03:05 PM
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S&P500 Forecast: SPX muted ahead of core-PCE data

U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.

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November 27, 2024 03:36 PM
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S&P500 Forecast: SPX rises despite Trump tariff threats

U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.

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November 26, 2024 03:00 PM
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Wall Street Forecast: DJIA rises after Trump's Treasury Secretary nomination

U.S. stocks are pointing to a stronger open on Monday amid a sign of relief on Wall Street following President-elect Trump's nomination for Treasury Secretary - Scott Bessent, who favours less stringent trade tariffs.. The move higher comes after gains last week, which saw investors shift into cyclical stocks while rotating out of technology.

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November 25, 2024 03:49 PM
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S&P500 Forecast: SPX falls with PMI data up next

U.S. stocks are heading for a soft open, ending a broadly positive week on a more cautious tone ahead of the release of PMI data. The Dow Jones is on track to rise 1% this week, while the S&P 500 is set for 1.3% gains. The Nasdaq is up 1.6%. Attention is on US PMI data which is expected to show services and manufacturing PMIs rising in November.

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November 22, 2024 03:34 PM
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Nasdaq 100 Forecast: QQQ rises after Nvidia earnings & jobless claims

U.S. stocks are set to open modestly higher after another record quarter for Nvidia as jobless claims fall and geopolitical tensions mount. Nvidia beat estimates for the top and bottom lines in another impressive showing. However, gains are limited owing to disappointment surrounding the revenue growth forecast, which is set to be the slowest in seven quarters. Meanwhile, jobless claims fell to 213k from 217k, and the Russian-Ukrainian conflict ramps up.

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November 21, 2024 03:01 PM
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Nasdaq 100 Forecast: QQQ rises cautiously ahead of Nvidia earnings

US stock indices are edging cautiously higher amid a quiet economic calendar and with attention on corporate earnings. Nvidia is set to report earnings after the close as the share price trades 200% higher YTD and will act as guidance over the health of the AI trade. Geopolitical tensions have calmed and Fed speakers could offer more clues on the Fed's path for rates.

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November 20, 2024 03:20 PM
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Dow Jones Forecast: DJIA falls as tensions with Russia rise

U.S. stocks are heading for a weaker at open after a thinly veiled nuclear threat from Russian President Vladimir Putin and as investors digest more corporate earnings. Putin has lowered the bar for a nuclear attack after US President Biden reportedly allowed US missiles to be fired deep into Russia. Risk off is dominating. Walmart is set to open 4% higher after upbeat results and guidance.

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November 19, 2024 03:19 PM
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Nasdaq 100 Forecast: QQQ rises with Nvidia earnings & Fed speak in focus

U.S. stocks are pointing to a mixed start Monday after losses in the previous week and as investors brace themselves for earnings from AI giant Nvidia on Wednesday and plenty of Fed speakers across the week. Last week, US stocks fell sharply after Fed Chair Powell warned that the Fed was in no rush to cut rates. Tesla drives higher, adding to last week's gains on optimism surrounding self-driving under Trump.

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November 18, 2024 03:09 PM
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S&P 500 Forecast: SPX falls on slower Fed rate cut worries

U.S. stocks fall as investors digest stronger-than-expected US retail sales and more hawkish comments from Federal Reserve chair Jerome Powell. Powell said the Fed was in no rush to cut rates due to the solid economy, resilient jobs market, and interest still holding above 2%. As if on cue, US retail sales came in stronger than expected.

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November 15, 2024 03:54 PM
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Nasdaq 100 Forecast: QQQ slips after PPI rises & ahead of Powell

U.S. stocks open lower after hotter-than-expected US PPI inflation data and ahead of his speech by Federal Reserve chair Jerome Powell. PPI rose to 3.1% from 2.8%, and jobless claims fell to 217k. The data comes ahead of Federal Rese4rve Chair Jerome Powell who is due to speak later. The market will be watching for clues of the future path for interest rates.

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November 14, 2024 04:34 PM
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S&P500 Forecast: SPX inches higher after CPI rises, as expected

US stocks are edging lower after losses in the previous session as investors digest the latest US inflation data while looking ahead to more Fed speakers later today. US inflation was in line with forecasts, rising 0.2% MoM (2.6% YoY), while core inflation was also as expected, rising 0.3% MoM (3.3% YoY). The data supports a December rate cut.

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November 13, 2024 02:51 PM