Monday Market Update

As of August 26, 2024, global markets are showing a mix of trends influenced by various factors:

1. North American Markets: The S&P 500 and Dow Jones are seeing slight gains, with the Dow up by 0.06% and the S&P 500 rising 0.09%. However, the Nasdaq is down by 0.06%. Investors are cautiously optimistic ahead of upcoming economic data, including key inflation figures and Nvidia's earnings report, which are expected to influence market sentiment(
2. Indian Markets: The Sensex gained 611.9 points (0.75%) to close at 81,086.21, while the Nifty 50 rose 187.45 points (0.76%) to close at 24,823.15. IT stocks, in particular, are performing well due to expectations of a possible rate cut by the US Federal Reserve(
3. Commodities: Oil prices remain steady, and gold prices are holding up, driven by the uncertainty in global markets.

This mixed performance reflects ongoing concerns about global economic growth and monetary policy adjustments in major economies.

Javed Morgan is a Certified Financial Education Instructor?, licensed financial professional, and entrepreneur based in Tampa, FL, affiliated with Wealthwave - The Money Book Company. He is passionate about empowering nurses, individuals and business owners to maximize and protect their lifetime capital through financial literacy and effective tax mitigation strategies. Javed's expertise allows him to cater to both low and high net worth individuals, providing tailored financial solutions to meet their unique needs. Be sure to follow for more.