2025 Dawns: A Fresh Chapter Begins Daily Morning Commentary Global Wrap 2024 was a massive year for global equity gains driven by a trifecta of the AI explosion, a slew of Fed interest rate cuts and a robust U.S. economy. The S&P 500 logged another year of double-digit gains of over 24% last year, logging its best two-year performance since 1998. L…

The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95. Weak economic data seemed to sour the sentiment a bit ear…

Morning Market Comments U.S. stocks ended sharply lower on Monday as some traders took profits before the end of the year, Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains. Gl…

Morning Market Comments U.S. stocks ended lower on Friday amid concerns around Donald Trump’s potential trade policy and the interest rate expectations next year. A selloff in the world’s largest technology companies hit stocks in the final stretch of a stellar year. A gauge of the “Magnificent Seven” sank 2%, led by losses in Tesla Inc. and Nvidia…

Morning Market Comments U.S. stocks ended mixed Thursday, after the "Santa Claus rally" period kicked off on Tuesday. Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook. Recurring applications for US unemployment benefits rose to the highest in more than three years, a…

Morning Market Comments U.S. stocks finished higher on Tuesday to kick off the so-called Santa Claus rally period in a holiday-shortened session for Christmas Eve. Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. U.S. Treasury interest rates …

U.S. stocks ended higher on Monday, with tech stocks leading the gains, boosting investors' hopes for a year-end "Santa Claus rally." A rally in some of the world’s largest technology companies prompted a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence. Oberoi Realty inks development pact for…

The ASX 200 roared back from oversold levels last week and rose 135 points to 8202 (1.7%) as Santa came to town. The slow burn turned into a book squaring short covering rally led by the banks. CBA rose 2.9% with ANZ up 2.4% and the Big Bank Basket up to $(). MQG had a good day along with insurers and other financials. QBE up 1.1% and ASX rising 2.…

Immediate support lies around 23,500, where significant put writing has been observed. A close below this level could trigger further unwinding or short build-up, potentially dragging the Nifty toward the 23,200–23,300 range. Overall, the Nifty remains in a consolidation range between 23,200 and 24,000, with a breakout on either side likely to dete…

US markets bounced on Friday night after PCE inflation numbers came in slightly less than expected. Settling some nervousness after last weeks Fed meeting thrust progress on inflation back into the spotlight. The PCE index increased from 2.3% to 2.4% in November, vs 2.5% expectations. Consumer spending also rose 0.4%, signalling economic resilience…

The ASX 200 fell hard again today, down another 101 points to 8067 (1.2%) as the banks came under pressure. For the week the ASX 200 is down 2.8% with the US Triple witching and Core inflation numbers due tonight. Traders taking profits on the sector after a great year. The Big Bank Basket dropped to $246.54 (-2.9%). CBA the big drag on the index d…

The Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss. The 30-stock Dow added 24 points, or 0.07%. The S&P 500 was little changed, as was the Nasdaq Composite. The 10-year Treasury yield rose to 4.566% on Thursday after climbing more than 13 basis points to cross 4.50%. Gross domestic product accelerated at a …

The ASX 200 tumbled 141 points to 8168 as the Fed grew hawkish and warned on rate cuts next year. Everything was hit hard. The banks fell with CBA down 2.3%, ANZ dropped 2.6% as the AGM saw another shareholder strike against Shayne Elliott. The Big Bank Basket fell to $253.85 (-2.3%). MQG down only 1.3% with some insurers up on the day, QBE up 2.1%…

The Dow Jones Industrial Average fell hard with the index posting its 10th straight losing day as a disappointing rate outlook by the Federal Reserve rocked the stock market. The Dow lost 1,123.03 points, or 2.58%, to 42,326.87, for its worst losing streak since an 11-day slide in 1974. The Wednesday decline was its worst since August and only the …

Morning Market Comments U.S. stocks finished lower on Tuesday, with the Dow Jones Industrial Average posting its longest losing streak since February 1978 (falling nine straight days), as investors digested the strong retail-sales data and awaited the Federal Reserve's policy decision, due out on Wednesday afternoon. ITC Ltd has fixed January 1, 20…

The ASX 200 fell 5 points to 8309 as early gains melted away. Fed decision tonight. Banks were under pressure for a change with CBA down 0.9% and ANZ off 0.2% as the Big Bank Basket fell to $259.93 (0.6%). Insurers slid too with SUN off 1.7% and IAG falling 2.2%. REITs were generally firmer, GMG up again, Healthcare had a good day with CSL leading …

The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%. ASX SPI down 14. Waiting for Fed - NAB AGM today. Commodities LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touchi…

Morning Market Comments US stocks broadly ended Monday’s session higher with tech stocks leading the gains as traders geared up for interest-rate decisions by major central banks across the globe due later this week including the Federal Reserve's policy meeting that concludes on Wednesday. India's merchandise trade deficit widened to a record-high…

The ASX 200 kicked higher today by 65 points to 8314 (+0.8%) as the usual suspects rallied hard. The Big Bank Basket was up to $261.38 (+1.4%). CBA stood out, rising 1.6% MQG gained 1.0% with insurers doing well too. Financials generally attracting buyers, SQ2 up 1.6% and HMC up 3.0% in tandem with DGT bouncing back hard. REITs also back in demand …

The Nasdaq Composite rose to a record, aided by a rally in tech, as investors awaited the Federal Reserve’s policy meeting. The tech-heavy index gained 1.24% to 20,173.89, while the S&P 500 added 0.38%, closing at 6,074.08. The Dow Jones Industrial Average underperformed, losing 110.58 points, or 0.25%, to end at 43,717.48. The 30-stock Dow fell fo…

ASX 200 slid 47 points to 8250 (0.6%) as banks remained solid and resources sunk. Iron ore stocks fell hard as Chinese retail data showed no real sign of a stimulus helping. BHP down 2.0% and FMG off 3.8%. Lithium stocks remain depressed, PLS off 3.1% and MIN falling 2.0%. Gold miners too under pressure as bullion comes off the boil. NEM down 3.6% …

Morning Market Comments U.S. stocks closed mixed Friday, For the week, the Dow posted a 1.8% decline, while the S&P 500 slid about 0.6% and ended a three-week winning streak. This year’s frontrunners, big technology stocks, set a record while Treasuries sank as investors braced for a slowdown in the pace of the Federal Reserve’s interest-rate cuts …

Wall St ended near flat on Friday night, giving up early gains in a quiet session. The Dow dropped 86 points (-0.20%). Its seventh loss in a row was the longest stretch since 2020. Doesn’t reflect much about the US market, there’s only 30 stocks in the equal weighted index. The S&P 500 closed flat, while the NASDAQ outperformed gaining 0.12% (+0.8%…

ASX 200 fell 34 points to 8300 (-0.4%) with a late rally saving some blushes. Down 1.5% for the week. Banks showed some resilience, with CBA attracting investor interest as a safe-haven option. The Big Bank Basketrose to $257.08 (+0.2%), with MQG up 0.3% with insurers easing slightly. REITs fell with NKOTB DGT falling 9.0% on debut. Not a great deb…

Morning Market Comments US stocks fell Thursday, weighed down by a hotter-than-expected U.S. inflation report, as tech shares failed to keep the momentum seen earlier in the week. Wall Street held off on big bets ahead of the Federal Reserve’s policy meeting next week. The European Central Bank trimmed borrowing costs by 25 basis points as expected…

US equities pulled back overnight as hotter-than-expected US PPI data weighed on market sentiment. The Dow ended near session lows, down 234 points (-0.53%). Up 60 points at best. Down 245 points at worst. The NASDAQ fell back below 20,000 as tech stocks pulled back ahead of the Federal Reserves policy meeting next week and the S&P 500 lost 0.54%. …

ASX 200 falls another 23 points to 8330 (0.3%) after a solid opening was derailed by the 3.9% headline unemployment number. RBA will be back in its box. Banks slid with ANZ still under some pressure, the Big Bank Basket up to $256.62(). Insurers slightly higher as 10-year yields jumped higher to 4.26%. Industrials mixed with retail down, tech up an…

U.S. stocks finished mostly higher on Wednesday, following the release of as-expected CPI inflation data for November. Investors’ enthusiasm for US technology giants sent stocks higher Wednesday. Natural-gas futures posted a sharp climb on Wednesday after forecasts for another "cold blast" on the East Coast. Gold prices rallied Wednesday after U.S.…

The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56. November's CPI was in line with expectations. The reading showed a 0.3% rise from October and …

U.S. stocks finished lower on Tuesday driven by a drop in AI leader Nvidia as the year-end rally took a pause ahead of the November consumer-price index report due Wednesday. U.S. and global benchmark oil futures on Tuesday finished modestly higher, with the recent fall of the Assad regime in Syria raising risks surrounding Middle East supplies and…

ASX 200 falls another 39 points to 8354 (0.5%) as profit-taking in the market leaders continues. No resource bounce today to counter that. Banks slid with the Big Bank Basket down to $256.32 (-0.3%). MQG off 0.8% and insurers slipping lower. Much lower as yields continue to fall on the ‘turtle’ dovish tilt from the RBA yesterday. REITs help up with…

US equities closed in the red overnight ahead of inflation data tomorrow. The Dow lost 154 points (-0.35%). Up 69 points at best. Down 215 points at worst. The S&P 500 pushed further away from recent all-time highs, down 0.30% and the NASDAQ eased 0.25%. NFIB Small Business Optimism Index jumped to 101.7 in November, its highest since June 2021. Sm…

ASX 200 slipped 30 points to 8393 (-0.4%) as investors switched from the high flyers to resources following the news yesterday from China. Banks saw selling pressure with CBA down 1.1% and NAB sliding 2.8% with the Big Bank Basket down to $256.99 (-1.5%). MQG off 1.9% with insurers under pressure too. High-flying platform stocks also in sell-down m…

U.S. stocks finished lower on Monday, as investors await consumer-price index data to be released on Wednesday — which may be the last wild card that could upset expectations for a Federal Reserve interest-rate cut in December. US stocks retreated after a rally that put the market on pace for its best year since 2019, with traders awaiting key infl…

The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The broad market index fell 0.61% to close at 6,052.85, and the tech-heavy Nasdaq slid 0.62% to end at 19,736.69. The Dow Jones Industrial Average shed 240.59 points, or 0.54%, settl…

ASX 200 closes off lows, up 2 points to 8423. Quiet trade with resources recovering somewhat. BHP down only 0.3% with FMG off 1.2%. Lithium stocks remained under pressure with PLS off 4.4% and MIN down 1.6%. Gold miners slightly better, NST up 1.0% and GMD up 1.9%. Energy stocks lower again with WDS down 1.1% and PDN falling 2.0%. Banks were mixed,…

Indian Market Summary Indian stocks had their strongest weekly performance since June, primarily driven by financial stocks after the central bank reduced the cash reserve ratio (CRR) requirements for banks, effectively loosening monetary conditions. The uptrend was driven by positive momentum in global markets and an RBI policy announcement that a…

The S&P 500 advanced modestly early and mostly held those gains into the closing bell in New York for its 57th record closing high this year. Breadth, however, continues to lag with just four of the 11 industry sectors rising. The S&P 500 is on track to hit 30% gains this year. The consumer discretionary sector outperformed, boosted by gains in Lul…

Morning Market Comments by HDFC Sec Research U.S. stocks closed lower on Thursday, pausing a record-breaking rally in advance of Friday's monthly jobs report. The November jobs report could help inform the Federal Reserve's next steps on interest rates. Fed officials also say they don't want to see further weakness in the labor market. Stocks lost …

ASX 200 has closed out the week in the red, down 54 points to 8421 (-0.6%). For the week down 0.14%. Almost all sectors closed in the red today, Utilities the expectation thanks to gains in APA up 1.4% after receiving a positive regulatory decision from the Australian Energy Regulator. Iron ore giants mixed. RIO and FMG slid over 0.5% each while BH…

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Morning Market Comments HDFC Sec Research US stocks finished at fresh milestones on Wednesday, with investors unfazed by the Federal Reserve's more cautious approach on cutting rates and U.S. service-sector data that came in below expectations for November. Federal Reserve Chair Jerome Powell on Wednesday afternoon reiterated that policymakers can …

US equities ended higher overnight with all three major indices closing in the green. Boosted by positive commentary from Powell and solid results from Salesforce. The Dow finished near session highs, up 309 points (+0.69%). Up 368 at best. The S&P 500 gained 0.61% booking its 56th closing record high in 2024, and the NASDAQ outperformed advancing …

ASX 200 ended 33 points lower (-0.4%) coming off record highs. The Aussie dollar took a big hit today, down 0.7% to 64.37c. In Asia markets are mixed, with China and Japan down 0.1% and 0.2%, while Hong Kong's Hang Seng gains 0.1%. Treasuries mixed 2Y yield off 3.8bps and 10Y yield flat. The Dow and NASDAQ Futures up 0.3% each. Why not sign up for …

Morning Market Comments - HDFC Sec Research Major U.S. equities benchmarks closed mostly higher Tuesday, with the technology-heavy Nasdaq Composite booking a record high while Big Tech stocks helped buoy the S&P 500. Big Tech stocks were among the strongest performers. Salesforce Inc.’s latest revenue performance could serve as the latest signal of…

The S&P 500 inched higher Tuesday, eking out another record close. The broad market index added 0.05%, ending at 6,049.88. The Nasdaq Composite advanced 0.40% to close at 19,480.91, hitting a new intraday record as Apple rose to a fresh 52-week high. Both the S&P 500 and the tech-heavy Nasdaq posted new closing records. The Dow Jones Industrial Ave…

Morning Comments (HDFCSec Retail Research) U.S. stocks closed mostly higher on Monday, with the S&P 500 and Nasdaq hitting record highs, driven by tech stocks. Investors awaited key economic data, including the jobs report on Friday, and considered comments from Fed Governor Christopher Waller about potential rate cuts in December. U.S. manufacturi…

ASX 200 rose 47 points to a new record of 8495 (0.6%). Gains across the board with the solid bank sector remaining the bedrock. ANZ up 1.1% and NAB up 0.8%. CBA lost 0.3% with the Big Bank Basket up to $262.70 (0.2%). MQG kicked 1.2% higher and other financials joined the fun, ASX up 0.5% with NWL bouncing 3.7%. Insurers firmed and REITS in the gre…

The S&P 500 booked its 54th record closing high overnight, up 0.24%, while the NASDAQ rose nearly 1% led by gains in mega-cap tech stocks. Microsoft +1.8%, Meta +3.2% and Alphabet +1.5%. The Dow lost 129 points (-0.29%). Up 91 points at best. Down 200 points at worst. Small caps Russell 2000 ended just below flatline and Wall Street's “fear gauge” …

Morning comments (HDFCSec Retail Research) Indian markets are expected to open mildly higher, following positive moves in Asian and US markets. The Dow and S&P 500 reached record highs, buoyed by strong technology stocks and retail sector activity. US President Trump’s tariff threats against BRICS nations added some geopolitical tension. India's GD…