Tag Archives: stock market

Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday,...

The bears who thought that a U.S. market crash was coming have retreated as the markets recover slightly from Thursday’s onslaught. Further interventions by both the U.S. Government and the FED are also coming through.The U.S. market crash that many bears are expecting will most likely not come through. This is because markets are recovering from this week’s massive losses. Sources say that the markets made massive recoveries after yesterday’s losses. The losses reportedly went on throughout...

Tuesday’s rally did not last long. Early on Wednesday, U.S. stock futures, including Dow, fell sharply. Tech stocks have also suffered.After the coronavirus outbreak, the market has become as volatile as never before. Yesterday, it rebounded after the crash on Monday, but it was not out of the woods yet. Today, U.S. stock futures dropped sharply, suggesting more volatility when trading began Wednesday, following two roller-coaster days on Wall Street. Dow Futures slide 700 points, rolling...

Oil market prices plunged when OPEC and its allies failed to reach an agreement on production cuts. All the markets, including stocks, currencies and cryptos are falling.European equity indices were red across the board at the open on Monday as the coronavirus outbreak coupled with crashing oil prices rattled the global market. The pan-European Stoxx 600 fell 6.2%. All stocks on Italy’s FTSE MIB except pharma company Recordati failed to open at the start of the day’s trade. Italian blue-chip...

Recently, Live Bitcoin News suggested that the bitcoin price was potentially on the verge of fixing itself. At the time of writing, the world’s number one cryptocurrency by market cap is trading for just under $8,900, meaning it’s added another $400 (roughly) in the past 24 hours.Bitcoin Is Again Smashing Its CompetitionIt appears that the fears surrounding the coronavirus and some of the global problems that have haunted our present financial markets are beginning to cease. The Dow Jones has...

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – has shot up to just under $8,700.Bitcoin – On a Path to Recovery?Yesterday, the asset was trading at a measly $8,300, the lowest it has been in some time. Thus, the currency has shot up by more than $300 in just 24 hours. Not only is this good news, but it also suggests some truth to a recent piece suggesting that bitcoin, despite all the global problems it was facing, would not fall below the $8,200 line...

On Monday, the stock market reached new highs: the Dow Jones Industrial Average gained 190.85 points (or 0.68%) and achieved 28,066.47 by the end of the day, the Nasdaq Composite increased by 1.32% up to 8,632.49, while S&P 500 gained 0.8%. The biggest gains have been made by technology and health care companies. Such companies as Amazon, Apple, Netflix, Intel, Alibaba, Tesla, Disney, and more have enjoyed growth in stocks. For example, Intel rose 2%, Amazon gained 1.61%, Gilead Sciences...

California based bank and stock brokerage firm Charles Schwab said that it is finally ending its battle in the brokerage sector. They decided they are ending commissions for online trading in U.S. stocks, exchange-traded funds, and options.Just for a reminder, in the February of this year, together with Fidelity Investments, Charles Schwab completely cut its commissions it had been charging on hundreds of their exchange-traded funds. The ongoing war was all about exciting the investors since...

As we reported on Wednesday, proceedings for an official impeachment enquiry against U.S. President Donald Trump, was announced by Nancy Pelosi, the Speaker of the House of Representatives, shocking the entire country and the world at large. When this news spread, a lot of people considered what possible effects the situation could have both for the U.S. Stock Market as well as the prolonged trade tensions with China. Now, it would seem that fears have been allayed a bit, as the stock market...

On the evening of Tuesday the 24th of September, Speaker of the United States House of Representatives, Nancy Pelosi, made a formal announcement of an official impeachment enquiry, opened against U.S. President Donald Trump. If the proceedings are successful and Trump gets impeached, he’ll be the third president impeached after Bill Clinton who was impeached in 1998 and Andrew Johnson, impeached in 1868. However, away from the politics and inner workings of the government, what could this...