Daily Updates

The S&P 500 retreated overnight, dragged down by information technology and communication services amid fresh concerns about overvaluation. Investors are also awaiting US President Donald Trump’s speech later this morning, although there is speculation that the speech may not concern international affairs.

The downside surprise in US producer price inflation helped further ease concerns about Fed tightening and lifted Wall Street stocks. Oil prices are slightly lower than yesterday morning, but remain volatile as attacks in the Middle East continue.

The S&P 500 rose modestly, while US Treasury yields fell, as the downside surprise in US CPI inflation eased concerns about imminent monetary policy tightening in the US, pushing concerns over the war in the Middle East aside.

Wall Street saw fresh declines last night, while oil prices and government bond yields rose further, after the US announced it would reimpose a naval blockade on the Strait of Hormuz and begin charging vessels crossing the waterway.

Wall Street saw fresh gains on Friday, as investors eventually shrugged off US President Donald Trump’s repeated announcement that the 60-day ceasefire between the US and Iran was no longer effective, and instead focused on the promise of a resumption of talks between the parties.

Wall Street bounced back, as investors shrugged off concerns over tensions in the Middle East and focused on the prospects of the artificial intelligence boom.