[eBook] 8 Simple Rules for Investors

Whether markets are up, down, or sideways, these are the 8 guidelines that experienced traders and investors follow to maximize returns while minimizing losses.

By clicking the link above you will automatically opt-in to receive emails from PriceActionEA

Stock market today: Asia stocks track Wall Street gains, Japan shares hit record high

ZIMO ZHONG
March 01, 2024

HONG KONG (AP) -- Japanese stocks again set a record Friday, after U.S. stocks climbed to all-time highs the previous day.

U.S. futures edged higher and oil prices advanced.

Tokyo's Nikkei 225 jumped 1.9% and ended at 39,940,00 in morning trading. In late February, the index passed the record of 38,915.87 it set at the heights of financial euphoria in 1989, before a financial bubble burst and ushered in an era of faltering growth.

Japan's unemployment rate dropped to 2.4% in January, from a revised 2.5% recorded in the previous month, but the purchasing managers index for manufacturing activity fell to 47.2 in February, showing depressed demand in domestic and international markets.

A PMI reading under 50 represents a contraction compared to the previous month.

Hong Kong's Hang Seng was up 0.3% to 16,562.50, and the Shanghai Composite index added 0.3% to 3,024.53.

China's manufacturing activity contracted for the fifth consecutive month in February with a reading of 49.1, according to the National Bureau of Statistics, while the unofficial Caixin PMI provided a more positive outlook, showing the manufacturing sector expanded for a fourth consecutive month.

Investors are anticipating policies to revitalize the economy at China's upcoming National People's Congress next week, during which Beijing will announce the annual GDP growth target.

Korea market is closed for a holiday.

Elsewhere in Asia, Australia's S&P/ASX 200 advanced 0.6% to 7,745.60, while in Bangkok the SET was down 0.3%.

In Wall Street Thursday, the S&P 500 rose 0.5% to 5,096.27 to top a record set last week. The Nasdaq composite led the market with a gain of 0.9%, to 38,996.39 and surpassed its all-time high, set in 2021. The Dow Jones Industrial Average finished just below its record set last week after rising 0.1%, to 38,996.39.

In the bond market, yields eased after a closely followed inflation report showed prices across the country rose pretty much as expected last month. That calmed worries that had built on Wall Street that the inflation data could show a discomforting reacceleration. Earlier reports showed prices rose more than expected in January at both the consumer and wholesale levels.

"While inflation was hotter than it's been in a while, it may be more of a flash in the pan than the start of something worse," said Brian Jacobsen, chief economist at Annex Wealth Management.

Thursday's report kept intact hopes that the Federal Reserve may begin cutting interest rates in June. Such a move would relax the pressure on the economy and boost investment prices, and the Fed has indicated several cuts may be coming this year.

The Fed's main interest rate is sitting at its highest level since 2001 in hopes of grinding down inflation by dragging on the economy through more expensive mortgage and credit-card payments. Hopes for coming cuts to rates helped launch the U.S. stock market's big rally in late October, and the S&P 500 just closed its fourth straight winning month.

Relief on rates, though, would come only if the Fed sees additional convincing data that inflation is sustainably heading down toward its target of 2%.

Traders have recently been pushing back forecasts for when the Fed may begin cutting rates. A series of strong reports on the economy have pushed expectations out from March. On Thursday, another report showed fewer U.S. workers filed for unemployment benefits last week than economists expected. It's the latest signal of a remarkably resilient job market.

In other trading, U.S. benchmark crude oil added 24 cents to reach $78.50 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude, the international standard, gained 33 cents to $82.24 per barrel.

The U.S. dollar rose to 150.34 Japanese yen from 149.98 yen. The euro was up to $1.0810 from $1.0803.

Continue Reading...

Popular

This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30

Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.

Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota

A Native American-led nonprofit has announced that it purchased nearly 40 acres (16.2 hectares) of land in the Black Hills of South Dakota amid a growing movement that

The Six Words That Could Destroy America... And the Value of Your Savings. - Ad

He predicted the dangerous rise of inflation... the death of the 60/40 portfolio... and now, this 40-year market veteran and retirement expert is stepping forward with a new must-see warning for every American. It involves the world's most powerful investors, central bankers, and America's most bitter geopolitical rivals.

Warren Buffett Is Known For His Simple Lifestyle But Here Are 8 Lavish Things We Know He Owns

Warren Buffett, the billionaire, embraces a modest lifestyle and prefers stashing his cash in the bank. Despite standing among the world's wealthiest, the priciest items he owns could surprise everyone.

CleanSpark Is Holding Up Better Than Other Bitcoin Mining Stocks Monday: What's Going On?

CleanSpark Inc (NASDAQ:CLSK) shares are trading slightly higher Monday despite weakness across crypto markets. Here’s a look at what’s going on.

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

NASA is seeking a faster, cheaper way to bring Mars samples to Earth

CAPE CANAVERAL, Fla. (AP) — NASA’s plan to bring samples from Mars back to Earth is on hold until there’s a faster, cheaper way, space agency officials said Monday.

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

If O.J. Simpson's assets go to court, Goldman, Brown families could be first in line

LOS ANGELES (AP) — without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend .

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Apple, Rivian, Amazon, Nikola, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Thursday, the primary U.S. stock market benchmarks closed higher, with the S&P 500 increasing by 0.74% to reach 5,199.06.

Peter Schiff Predicts Bitcoin ETFs Will Lead To Its 'Biggest Crash Ever'

Bitcoin's (CRYPTO: BTC) ever-bearish commentator Peter Schiff commented on the crypto king, foreseeing its biggest crash and a potential MicroStrategy (NASDAQ:MSTR) bankruptcy.

"This Will Be Bigger Than Tesla" -- Elon Musk - Ad

Elon Musk has cracked open a radical wealth-building opportunity, one that's set to close shut by May 16, 2024. It has to do with a new venture that Elon Musk is set to roll out... Something I'm calling "Elon's A.I. 2.0."

A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents.

Oil and gas companies must pay more to drill on public lands under new Biden administration rule

WASHINGTON (AP) — Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration.

This Defi Coin Could 10X Soon... - Ad

Do NOT miss this opportunity for life-changing gains this year. Experts are predicting this coin has potential for unprecedented growth. Even a small position could deliver 10x returns or greater very soon. Timing is everything.

US consumer sentiment falls slightly as outlook for inflation worsens

WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year.

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

Has Jeff Bezos Found the Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Insiders Buying Zumiez And 3 Other Stocks

Although U.S. stocks closed little changed on Monday, there were a few notable insider trades.

On Location at My No. 1 A.I. Stock Pick - Ad

In this video, I go on location to share the name, ticker symbol, and story behind my #1 A.I. stock pick. I can almost guarantee you've never heard of this company -- but soon you, your friends, and your family will likely all be using it.

FBI Chief To Warn Congress Of Potential Coordinated Attack In US Similar To Russia Massacre: 'Threats To Our Public Safety And National Security...So Elevated'

FBI Director Christopher Wray is expected to raise concerns about the possibility of a coordinated attack in the United States, similar to the recent massacre in Russia, in a congressional hearing on Thursday.

Milei, the president of cash-strapped Argentina, starts another US tour and plans to meet Elon Musk

BUENOS AIRES, Argentina (AP) — President of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire , as his government seeks an infusion of cash to overhaul Argentina's embattled economy.

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

2 Russian businessmen linked to Alfa Group win court case over EU sanctions

BRUSSELS (AP) — Russian businessmen Mikhail Fridman and Petr Aven won a court case Wednesday over a European Union decision to sanction the pair for their alleged role in Russia’s war against Ukraine.

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.

Bad News Chocolate And Coffee Lovers: Prices Are Only Going Higher

Coffee and cocoa bean prices hit new highs due to limited supply caused by weather and aging trees.

Ohio River near Pittsburgh is closed as crews search for missing barge, one of 26 that broke loose

A stretch of the Ohio River near Pittsburgh remained closed to maritime traffic on Monday as crews equipped with sonar looked for a barge believed to have sunk over the weekend — one of more than two dozen barges that broke loose and floated down the river.

Make This One Trade Every Time the Government Drops Economic Reports - Ad

Twelve times every year... you have the chance to make ONE simple trade... with ONE symbol... And cash out the very next day! Some have gone up to 383% OVERNIGHT! It's a way to make winning trades every time the government releases key economic data.

Elon Musk's AI Startup xAI Reportedly Seeks $4B To Challenge ChatGPT-Parent OpenAI — Valuation Could Hit $18B

Elon Musk's AI startup, xAI Corp., is in discussions to raise up to $4 billion in funding, potentially valuing the company at $18 billion, leveraging Musk's track record and high-quality data from his social network, X, to train AI models.

What's Going On With Pratt & Whitney Parent RTX Shares Today?

RTX Corporation shares dip on Tuesday. Pratt & Whitney unveils North American Technology Accelerator, aiming to enhance MRO network development.

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

New York Hospital Sues AG Letitia James, Who Took On Trump, Over Alleged 'Fishing Expedition' Of Drug Testing Records

Garnet Health Medical Center is suing New York Attorney General Letitia James to dismiss a subpoena demanding medical records of obstetrics patients, arguing the investigation into secret drug testing of pregnant patients is excessively broad and politically motivated.

CRITICAL May 1st Warning - Ad

Jason Bodner is going public today with an urgent new warning. He believes the most popular investment of 2024 is set to pop... And it could all start just days from now. This has NOTHING to do with A.I. stocks... It has NOTHING to do with crypto currency... And it has NOTHING to do with high-flying tech stocks. Instead, this corner of the market you likely have cash parked in has swelled to nearly $6 trillion.

GE's Historic Crotonville Academy Reportedly Sold: End Of An Era?

Crotonville's sale by GE marks a turning point in corporate training. As 3M and Boeing seek buyers for their retreats, Salesforce embraces remote learning. Larry Culp reflects on restructuring decisions, while Crotonville's legacy continues under new management.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service