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 »Stock Futures Reflect Mixed Sentiment after Positive Market Performance
As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape. This morning marked a cautious start for investors as stock futures presented a mixed outlook following a positive day on Wall Street. Overview of the US Stock Futures Market As the US stock market opened, futures tied to the Dow Jones Industrial Average (INDEXDJX:.DJI) took a...
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 »Home Depot’s Q2 2023 Earnings Surpass Expectations amid Sales Dip
CoinspeakerHome Depot’s Q2 2023 Earnings Surpass Expectations amid Sales Dip Despite the favorable revenue surprise, Home Depot saw a moderated fiscal year earnings projection implying that the corporation remains cautious about the road ahead. Home Depot’s Q2 2023 Earnings Surpass Expectations amid Sales Dip
Read More »Bitcoin Correlation With US Equities at 2-Year Low, Potential Bullish Signal?
According to the crypto market data provider Kaiko, Bitcoin’s correlation with the S&P 500 Index has dropped to a two-year low at just 3%, highlighting the asset’s increasing independence from traditional finance. Some experts have argued over the years that such a development could act as a catalyst and push BTC’s price to a new all-time high. As revealed by Kaiko, the last time Bitcoin’s correlation with the S&P 500 Index stood at 3% was in August 2021. 📈👀...
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 »Temasek Records 5% Decline in Annual Shareholder Return
CoinspeakerTemasek Records 5% Decline in Annual Shareholder Return Temasek adopted a cautious approach and slowed down its investment pace, with a net investment of $3 billion in the 12 months ending March 31. Temasek Records 5% Decline in Annual Shareholder Return
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
Read More »