FAANG stocks are silently setting a record high pushing S&P 500 to the top as the index struggles in cracking its peak level. On Tuesday, June 8, Facebook touched its fresh all-time high for two consecutive days. As recorded, Facebook is the second-best performer in the group this year. The firm is behind the leading …
On Tuesday, June 8, the Japanese government released its Q1 data as its economy crashed 3.9% in the first quarter. On Wednesday, the country’s equities declined as investors are taking profits in shippers and semiconductor firms. It is followed by the focus on the U.S. inflation data. It can impact the Federal Reserve’s decision on …
Japanese Q1 Shares Crashed Amidst U.S. Inflation Data Read More »
On Monday, June 7, MSCI’s ACWI, a gauge of global equity markets, ended at a record high. This follows technology shares taking a stride deal by the world’s richest countries on a corporate tax aimed at U.S. tech heavyweights. MSCI’s All-Country World Equity Index increased 0.1% at 717.00, recording its sixth record close in seven …
On Monday, June 7, S&P Global Ratings reformed its view on Australia’s AAA rating from negative to stable. It cites the nation’s rapid economic recovery from the coronavirus pandemic, which directed a recession. The country’s A$2 trillion ($1.55 trillion) economy greatly bounced back, surpassing the pre-pandemic levels. This is due to Australia’s successful leadership in …
S&P Reforms View on Australia’s AAA Amidst Economic Recovery Read More »
On Thursday, June 4, the world stock market crashed after retreating from near-record levels in the previous week. This is due to investors studying the strong US data reports intended for the economic recovery and inflation signals. The US stocks fluctuated during the session. It ended lower as investors encountered bright reports regarding the corporate …
World Stocks Crashed as Investors Jitters on Strong US Data Read More »
On Wednesday, June 2, Tesla’s shares dropped more than 3% due to its car recall, SEC’s criticism over Musk’s tweets, and a tightening competition with other electric vehicle companies. The company recalled nearly 6,000 automobiles over distress in its brake caliper that might loosen, which could arise in a loss of tire pressure. The retracted …
Tesla Shares Fell 3%: Car Recall, SEC’s Criticism, EV Clash Read More »
On Tuesday’s market closed, June 1, the US stocks got mixed as the shares in Oil & Gas, Basic Materials, and Financials sectors led the gains while the losses were led by Healthcare, Utilities, and Technology sectors. At the close in New York Stock Exchange, the benchmark Dow Jones Industrial Average smashed 0.13%. On the …
US Stocks Mixed: Financials’ Gains, Technology Losses Read More »
On Tuesday, June 1, Asian stocks smashed the market a month high over US jobs data and China’s Caixin PMI report. Earlier in the day, investors absorbed the freshly released Chinese economic data as they are waiting for the US key economic figures due later in the day. This anticipated report will help in gauging …
Asian Stocks Smashed Over China’s Caixin PMI & US Jobs Data Read More »
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