The AP on the Street 36th week of 2023 – Market Updates

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The AP on the Street

The AP on the Street 36th week of 2023 – Market Updates

Stay informed with our latest financial market updates! Explore insights on indexes, commodities, stock performances, and economic events. Last week was quite terrible, with all the indexes and commodities we cover in green, except Oil, due to the recent Saudi decisions. 

This week, we have the CPI and Core CPI, the PPI and Core PPI. So, let’s take a look at what happened last week:

  • The markets were closed on Monday.
  • Reuters reported that the FED is likely to done with the rate hikes as the job market data came worse than expected.
  • FLOTUS tested positive for COVID-19, while the President is negative.
  • Goldman Sachs now gives a 15% chance for a US recession.
  • Saudi Arabia extended the supply cut for Oil once again.
  • Evergrande shares soared after the bankruptcy filing.
  • NVDA shares fell after the CEO’s recently disclosed share sell-off.
  • China banned government officials from using Apple products. Apple shares sunk after this announcement.
  • US mortgage demand drops to a 25-year low.
  • JPM is working on a blockchain-based digital deposit token.
  • The Chinese Yuan fell to its lowest level compared to the USD since the Great Recession.
  • US Services PMI came out as 50.2 points —0.2 points lower than expected.
  • US Non-Manufacturing PMI came out as 54.5 points —2.0 points higher than expected.

Overall Market Indexes & Commodities Moves (Weekly) (By taking the opening price on Monday and closing price on Friday, using MSN Money)

DOW = -0.9% 

S&P 500 = -1.5% 

NASDAQ = -2.0%

RUSSELL 2000 = -3.4%

Gold = -1.1%

Silver = -6.5%

Oil = 4.0%     


The weekly performance of S&P 500 Stocks


Let’s look at the most undervalued stocks listed on our website: 

Our Two Most Performing Stock:

Our Two Least Performing Stocks: 


The main reason(s) for the decline in WBA:

WBA shares sunk after they agreed to settle on a lawsuit. ma

The main reason(s) for the decline in NVDA:


NVDA shares fell after the CEO’s recently disclosed share sell-off.


Important data/ decisions that will be published next week:
The CPI and Core CPI, the PPI and Core PPI


TIL: What are Initial Jobless Claims?

Initial jobless claims refer to claims for unemployment benefits filed by unemployed individuals with state unemployment agencies. It is a statistic reported weekly by the US Department of Labor that counts people filing to receive unemployment insurance benefits for the first time.


We will see how the investors will behave after all of the data and decisions. Stay tuned for new market updates.

DISCLAIMER: THIS TEXT CONTAINS NO INVESTMENT ADVICE.