nasdaqcomposite
ValueWalk
Weaker than expected US services and jobs dataNASDAQ composite posts third daily fall in a rowAsia Pacific markets follow suitFTSE 100 opens broadly flatBrent crude pauses for breathUK house price growth slowsMarkets Stumble On Weak US DataFollowing a weak readout for US manufacturing earlier in the week the US Services PMI index fell from 51.2 in March from 55.1 in February and well below consensus forecasts of 54.5. Q1 2023 hedge fund letters, conferences and more There’s further signs too of a weakening US labour market with private sector hiring rising by just 145,000 in March, down from 2...
ValueWalk
It has been a wild ride lately for the Nasdaq, with Thanksgiving, Black Friday, China’s Covid-19 crisis, and Powell’s interest rate speech driving peaks and dips for the benchmark stock market. But where is it headed next? Q3 2022 hedge fund letters, conferences and more Given that it’s fairly common to see the market rally in the lead up to Thanksgiving, we may have expected a surge in price for the Nasdaq 100 and Nasdaq Composite indices, but this wasn’t exactly the case. “On a short-term basis US markets are neither overbought nor oversold, but ping-ponging between the two. That’s what happ...
ValueWalk
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