Stock Market

NAS100 plunged on Tuesday after the inflation report that bolstered expectations for another jumbo rate hike by the Federal Reserve, but manages to find support today

ISM Services came in at its highest level in four months. It printed at 56.9, topping the forecast of 55.4. This beat is a good number, considering the US economy's headwinds - a number over 50 suggests expansion.

US30 remains under pressure at the start of the week.

Current index weakness introduces the possibility of a bear market rally scenario.

US30 shows uncertainty for the week, as Fed officials give mixed signals.

The retail giant did largely better than it expected, based on it recently lowered projections, amidst high inflation and costs

Last week's rally was highly favourable for the US30 on a technical basis.

The decline in real rates helped the stock indexes during July. However, it still poses a threat to higher valuations at current levels.

There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention

The first week of August remained a busy one, as we had a large number of high profile corporations releasing their financial results, such as chip-maker AMD, British energy giant BP, ride-hailing firm Uber and others

The tech-heavy NAS100 is feeling the pressure as China/US tensions flare over House Speaker Pelosi's trip to Taiwan.