August 31, 2023
It is a quiet trading session in the stock market today, the US major indices moved meagerly the S&P 500 and Dow Industrials closed in a slight red, while the Technology sector streaked a 5th day green trading session.
- DIA -.46% QQQ +.30% SPY -.15%
- US weekly jobless claims reports at 228k vs: 32k expectations US weekly jobless claims
- Consumer spending, Personal income data, & Core PCE US consumer spending rises
August 30, 2023
The US stock marked eked a small gain on the consecutive fourth trading session.
- DIA +.22% QQQ +.56% SPY +.41%
US Macro News:
- Private Payroll reported at 177K vs. 195k expectation US ADP Non Farm Employment Change
- The US GDP grothis revised lower to 2.1% US GDP for Q2 '23
Earnings mover:
August 29, 2023
The US stock market exhibited a strong rally today as most sectors were up on the day.
- DIA +.84% QQQ +2.18% SPY +1.45%
Today's Movers: Bitcoin, cryptocurrencies, and Blockchains. The rally on Bitcoin is attributable to a Federal court ruling-
A federal appeals court ruled on Tuesday that the Securities and Exchange Commission must review Grayscale’s application to convert its bitcoin trust into an exchange-traded fund, undermining the agency’s longstanding opposition to the concept of listed spot-market investments for the leading digital asset while allowing them for futures GrayScale wins against SEC
Tesla +7.69% rallies as China EV's insurance registrations show that 17k of Tesla EV insured. China EV insurance registration tally for ending period of Aug. 27
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