US Stock Market

Nasdaq Dips 0.4% as U.S. Stocks Retreat from Highs

Quick Look: U.S. stocks falter as late-day trading erases early gains. Nasdaq Composite sees a late-session dip, closing down 0.4%. Economic data focus: Durable goods orders rise, consumer confidence stagnates. In a surprising turn of events, U.S. stocks relinquished their gains towards the close of Tuesday’s trading session. This shift interrupted the record-breaking rally that …

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Trump

Trump’s Market Maneuver: A Financial Lifeline?

Quick Look Trump Media is poised for a public listing, potentially valuing Trump’s stake over $3bn. Digital World’s SPAC deal faces scrutiny amid Trump’s $464m fraud fine. Risk looms for investors despite Trump Media’s ambitious growth plans. In an unfolding saga that captures the intersection of politics, finance, and legal challenges, Donald Trump’s latest venture …

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Analyzing the Fed’s Rate Strategy: Impacts and Predictions

Quick Look The Federal Reserve keeps rates steady, hinting at future cuts Credit card, car loan, and mortgage rates remain under scrutiny Savings vehicles show early signs of rate reductions The financial landscape has witnessed a significant shift with the Federal Reserve’s recent decision to maintain its key interest rate, sparking widespread speculation about the …

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U.S. Stock Indexes Surge to Record Highs

Quick Look Federal Reserve holds interest rates steady and projects three yearly rate cuts. S&P 500, Dow Jones, and Nasdaq Composite reach record closing levels. Fed’s economic forecasts and “dot plot” suggest a rate cut to 4.6% by 2024. In a press conference, Fed Chair Jerome Powell addresses digital dollar development and rate-setting unanimity. In …

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Wall Street’s Tech Rebound and AI’s Market Influence

Quick Look Wall Street’s main indexes, notably the technology-heavy Nasdaq, saw an uptick, fueled by significant gains in megacap growth stocks such as Alphabet and Tesla. Alphabet and Apple’s partnership speculation over the Gemini AI engine integration into the iPhone has energized the technology sector. Investors remain on edge ahead of the U.S. Federal Reserve’s policy update, …

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Market Weekly: USD Up with Inflation Data & Rate Cut Talks

Quick look The U.S. dollar advanced following higher-than-expected inflation figures, reducing hopes for a June rate cut by the Federal Reserve. The USD Index (DXY) surpassed the 103.00 mark, with investors eyeing the Fed’s easing cycle to begin in summer. Notable currency movements included a drop in EUR/USD to the 1.0900 area and GBP/USD challenging …

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EUR rates draw back to almost 1.06

EUR Gains on Fed Rate Cut Hints; ECB Awaits Data

Quick look EUR has shown notable strength against the US dollar, influenced by recent ECB and the US Federal Reserve statements. US Fed Chair Jerome Powell hinted at nearing interest rate cuts. Economic data from Germany and US retail sales, consumer sentiment, and inflation reports are expected to influence currency movements. Technical analysis suggests a …

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