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Daily Market Newsletter - March 12, 2024: Market Recap: S&P 500 and Nasdaq Decline, Bitcoin Boosts Microstrategy to Record Highs

Daily Market Newsletter - March 12, 2024: Market Recap: S&P 500 and Nasdaq Decline, Bitcoin Boosts Microstrategy to Record Highs

Insights from Trading Central's Global Research Desks

2024-03-12
U.S. stock indexes retreated from their record-high levels. The Dow Jones Industrial Average dropped 274 points (-0.71%) to 38,380, the S&P 500 fell 15 points (-0.32%) to 4,942, the Nasdaq 100 was down 29 points (-0.17%) to 17,613.

U.S. stock indexes retreated from their record-high levels. The Dow Jones Industrial Average dropped 274 points (-0.71%) to 38,380, the S&P 500 fell 15 points (-0.32%) to 4,942, the Nasdaq 100 was down 29 points (-0.17%) to 17,613.

Nvidia (NVDA) gained 4.79% to $693.32, marking a third consecutive record close. Goldman Sachs raised its price target on the stock to $800. Tesla (TSLA) fell 3.65% to $181.06, the lowest close since May 2023. ON Semiconductor (ON) jumped 9.54% as fourth-quarter results exceeded market expectations.

2024-02-06
Market Wrap: Stocks, Bonds, Commodities

Market Wrap: Stocks, Bonds, Commodities

Bitcoin Breaks Above $40,000, Alaska Air Acquires Hawaiian Holdings, Spotify Announces Layoffs

2023-12-05
Stocks Sink as Treasury Yields Keep Rallying

Stocks Sink as Treasury Yields Keep Rallying

Dow Jones Falls 1%, S&P 500 Drops 1.3%, and Nasdaq 100 Slides 1.4%

2023-10-19
5 things you should know about investlite.com

5 things you should know about investlite.com

InvestLite is an offshore regulated broker, offering rather competitive trading conditions, including a leverage level of 1:500 and tight spreads. The trading instruments include Crypto, Commodities, Stocks, Indices and Metals. The trading platforms offered include Web trader and Mobile applications only. They also claim to take care of the safety of the funds of the traders, find out if it’s true in the full InvestLite review.

2021-12-15
Gold Prices Struggle Even as Markets Convulse Amid Omicron Fears

Gold Prices Struggle Even as Markets Convulse Amid Omicron Fears

Gold prices seesawed on Omicron variant news as real rates rose. Testimony from Fed Chair Powell now in focus, may offer support. Technically, prices are testing the mettle of a three-month uptrend

2021-11-29
Gold Forecast - Gold Looks to Defend Key 1800 Level as PCE Inflation Data Nears

Gold Forecast - Gold Looks to Defend Key 1800 Level as PCE Inflation Data Nears

Gold plunges after Biden renominates Powell to Fed Chair. XAU traders eye US inflation data due out this Wednesday. 1800 level key to direction, will bears break below the level?

2021-11-23
Weekly Fundamental Gold Price Forecast: Real Yields to Determine Next Move

Weekly Fundamental Gold Price Forecast: Real Yields to Determine Next Move

Rising inflation expectations and falling long-end bond yields have given a new shine to gold prices. If real yields – nominal yields less inflation – continue to fall, gold prices will likely continue their rally.

2021-11-15
Gold Price Forecast: Bullion May Rise Further on Rising Inflation, Breakeven Rates

Gold Price Forecast: Bullion May Rise Further on Rising Inflation, Breakeven Rates

GOLD, XAU/USD, INFLATION, TREASURY YIELDS, BREAKEVEN RATES– TALKING POINT

2021-11-11
Gold Eyes Key Resistance With Fed Bets in Focus as CPI Nears

Gold Eyes Key Resistance With Fed Bets in Focus as CPI Nears

GOLD, XAU/USD, TREASURY YIELDS, FED RATE HIKE BETS, CPI – TALKING POINTS

2021-11-09
Gold Price Outlook Turns to Fed Chair Jerome Powell as XAU/USD Breaks Resistance

Gold Price Outlook Turns to Fed Chair Jerome Powell as XAU/USD Breaks Resistance

GOLD, XAU/USD, NFPS, TREASURY YIELDS, FEDSPEAK, TECHNICAL ANALYSIS - TALKING POINTS:

2021-11-08
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