Share: The S&P 500 is extending declines into a two-week stretch, down over 5% for the period. S&P index down over 10% from the July peak at $4,600, enters correction territory. US Equities mixed on Friday as recession fears, lopsided earnings reports drag on stocks. The Standard & Poor’s index marked in the second losing
El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to Gabor Gurbacs, strategy advisor of investment management firm VanEck. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 X post.
Weekly Russell 2000 If you needed another reminder that it’s been just tech — and mostly seven stocks — that have been carrying US equity markets, then here it is. The Russell 2000 just broke through the June 2022 low and is trading at the lowest levels since November 2020. If you go back further,
The major US stock indices are closing the day with mixed results, but all are down for the week. A snapshot of the closing level shows: Dow industrial average -366.71 points or -1.12% at 32417.60 S&P index -19.86 points or -0.48% at 4117.36 NASDAQ index rose 47.4 points or 0.38% at 12643.00 For the trading
Global financial markets experienced fluctuations over the past week, influenced by several key factors. These include developments in the Israel-Hamas conflict, mixed corporate earnings reports, and the rollout of economic stimulus measures in China. The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy’s
The European Central Bank headquarters. Daniel Roland | Afp | Getty Images The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of 4%, where it was brought
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty Images Shares of the United Parcel Service closed 6% lower Thursday after the company reported a bigger-than-expected revenue decline and cut its
Share: EUR/JPY trades at 158.06, down 0.48%, as BoJ normalization speculations gain traction. Escalating Middle East conflict bolsters safe-haven assets, including the Japanese Yen. ECB’s decision to hold rates and scaled back positions for further hikes also weighs on EUR/JPY. The Euro (EUR) lost a step against the Japanese Yen (JPY) on Friday, on speculations
The EURUSD buyers tried to tilt the technical bias to the upside today with a move above its 200-hour moving average at 1.0580 and it’s 100-hour moving average 1.0589. The price also moved above the 50% midpoint of the move up from the October 13 low at 1.0594. However, momentum above the levels could not
It’s tough to assess in exactly is happening in Gaza because electricity and communications have been largely cut off but it appears as though Israel’s ground offensive is underway. It came with an overwhelming number of airstrikes and reports of tanks entering in the northeastern corner of Gaza. In any case, it hasn’t expanded into
Gold prices ticked higher and headed for a third consecutive weekly gain on Friday, supported by continued safe-haven demand fuelled by Middle East tensions, while investors awaited the U.S. Federal Reserve policy meeting due next week. Spot gold rose 0.5% to $1,993.69 per ounce by 1:47 p.m. ET (1747 GMT) and gained 0.7% for the
It was a week marked by a series of significant headlines that captured the attention of global investors. Bitcoin led the charge and surged sharply, touching 35k mark, a noteworthy move for the cryptocurrency giant. At the same time, US 10-year yield demonstrated ambition as it flirted with 5% level, but lacked the momentum to
An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on its head the status quo
In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT Food is served at a Chipotle restaurant on in Chicago, Illinois. Scott Olson | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 2%
Share: Japanese Yen rebounds after Tokyo inflation data increases bets the Bank of Japan (BoJ) will tighten policy. The US Dollar loses traction after US inflation comes out in line with estimates. The USD/JPY remains in uptrend but price falling to key make-or-break trendline for short-term chart. The Japanese Yen (JPY) has climbed against the US
Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27
The WTI crude oil settles above the August high of $84.85 The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias more to the upside. Looking at the daily chart, the low prices this week stalled the fall near the
Markets: Gold up $21 to $2006 US 10-year yields down 1 bps to 4.83% WTI crude oil up $1.93 to $85.15 S&P 500 down 0.5% or 20 points to 4117 Nasdaq up 0.4% JPY leads, CHF lags The cross-currents were deep and violent on Friday. Let’s break them down: 1) The fog of war Early