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 …
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, …
Wall Street’s Tech Rebound and AI’s Market Influence Read More »
Quick look USD/CAD extends gains after strong US Producer Price Index (PPI) data; core PPI at 2.0% YoY. WTI crude oil price increase could support the Canadian Dollar (CAD). Recent economic data influences expectations around the Federal Reserve’s interest rate decisions. The US Dollar Index (DXY) sees an uptick, influenced by higher US Treasury yields. …
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 …
Market Weekly: USD Up with Inflation Data & Rate Cut Talks Read More »
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 …
EUR Gains on Fed Rate Cut Hints; ECB Awaits Data Read More »
On Tuesday, August 24, Pfizer Inc. stocks climbed after receiving the FDA’s full approval. It is now the first vaccine firm to secure such validation. Pfizer closed Monday’s session with a 2.48% increase or a net gain of $1.21. This sent the stock price above $49.93 per share. On Tuesday’s session, it should open with …
Pfizer Stocks Edged Higher after FDA Full Approval Read More »
According to the latest data, Facebook traded at $272.41 on September 15, which rose by 2.36% from the previous day’s price. The company’s previous close was $266.1, and the beta (5y monthly) reads 1.28, with the day’s price range being $269.30 – 274.52. Moreover, Facebook has a 12-month trailing PE ratio of 34.76. In terms …
Investors Could Take Advantage of And Scoop up Facebook Stock Read More »
On Monday, August 16, the US stock markets climbed as the S&P 500 led gains by 0.16%. The NASDAQ Composite and the Dow Jones followed as both rose 0.04%. The S&P 500 Index smashed 0.16% with a net gain of $7.17. This sent the stocks above at $4,468.00 per share. Its best performers were eBay …
US Stocks Rose as S&P Rallied 0.16%, NASDAQ and Dow up 0.04% Read More »
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