With yesterday’s historic high, the Dow Jones extends its Q4 rally to more than 10%. On the other hand, the technology sector also makes a fresh all-time high. In a historic surge, the Dow Jones Industrial Average set a new record by closing above 37,000 points for the first time. The Federal Reserve’s indication of multiple rate cuts in the coming year was the major catalyst behind the move. The 30-stock Dow soared by 512.30 points, or 1.40%, finishing at 37,090.24, surpassing its...
Read More »Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat
Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. The Dow Jones Industrial Average surged to a new high for the year on Thursday. This marked a stellar month-end performance amidst signs of reduced inflation and robust earnings reports. Climbing by 520 points, or 1.47%, the Dow closed at 35,950.89, surpassing its previous peak set in August. Similarly, the S&P 500 added 0.4% to hit 4,567.80, while the Nasdaq Composite dipped...
Read More »Bitcoin Mining Stocks Skyrocket as BTC Price Hovers Around $35K
The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day. Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months. Bitcoin Mining Stocks’ Strong Performance According to reports, US-listed mining companies such as Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK)...
Read More »US Stock Futures Go Lower as Q3 Earnings Season Picks Up Steam
The US stock futures were slightly down early this morning as the third-quarter earnings season gained momentum. According to reports, futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) lost 46 points, or 0.13%, S&P 500 Index (INDEXSP: .INX) fell 0.13%, and Nasdaq 100 futures were also down 0.12%. US Stock Futures: Monday’s Optimistic Performance During Monday’s primary trading session, the major stock averages managed to close in the green, defying expectations as...
Read More »Dow Jones Tanks 400 Points amid Interest Rate Spike, Turns Negative for 2023
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years ago in 2007. The surge in interest rates has raised concerns about freezing the housing market and pushing the economy into recession. The Dow Jones Industrial Average experienced its most...
Read More »US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ: .IXIC), S&P 500 Index (INDEXSP: .INX), and Dow Jones Industrial Average (INDEXDJX: .DJI) all faced declines, with the latter plummeting...
Read More »Nasdaq Composite Soars Over 1% as Tech Stocks Rebound
CoinspeakerNasdaq Composite Soars Over 1% as Tech Stocks Rebound At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. Nasdaq Composite Soars Over 1% as Tech Stocks Rebound
Read More »Stocks Fall as Global Economic Worries Weigh on Wall Street
CoinspeakerStocks Fall as Global Economic Worries Weigh on Wall Street US financial giants witnessed their shares slide as credit rating downgrades cast a shadow over the sector. Stocks Fall as Global Economic Worries Weigh on Wall Street
Read More »US Stocks Rally as Inflation Numbers Come in Below Expectations
CoinspeakerUS Stocks Rally as Inflation Numbers Come in Below Expectations The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates. US Stocks Rally as Inflation Numbers Come in Below Expectations
Read More »Japan’s Nikkei 225 Enters Fifth Straight Losing Plunge as Global Economy Fluctuates
CoinspeakerJapan’s Nikkei 225 Enters Fifth Straight Losing Plunge as Global Economy Fluctuates The Nikkei is reflecting a general plunge in the global financial economy as it saw a plunge today despite hitting a high last week. Japan’s Nikkei 225 Enters Fifth Straight Losing Plunge as Global Economy Fluctuates
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