Bitcoin extended its losing streak on Wednesday, edging 0.4% lower to $95,347.5 by 01:17 ET (6:17 GMT) as investors adopted a cautious stance ahead of potential U.S. trade tariffs and the release of the Federal Reserve’s meeting minutes. Despite the dip, Bitcoin continues to trade within a narrow range, reflecting …
Read More »Dow Jones Holds Steady Despite Healthcare Sector Losses
The Dow Jones Industrial Average (DJIA) experienced a volatile session, initially dropping significantly before recovering to near flat. Despite this overall stability, substantial losses in the healthcare and retail sectors, specifically UnitedHealth and Home Depot, weighed on the index. UnitedHealth’s decline stemmed from shareholder concerns about claims denial practices, while …
Read More »Wall Street Dumps Cash, Bets on Stocks Despite Trade War Woes
Wall Street’s optimism has reached fever pitch, with cash levels in investment portfolios hitting a 15-year low, according to a recent Bank of America survey. Fund managers, overseeing hundreds of billions in assets, are displaying the lowest cash holdings since 2010, signaling a strong preference for stocks. This bullish sentiment …
Read More »Fed’s Daly rules out certain rate cuts in 2025
Mary Daly, President of the Federal Reserve Bank of San Francisco, emphasized the uncertainty surrounding further interest rate cuts in 2025. While acknowledging the positive state of the US economy, citing solid GDP growth and a strong labor market, Daly highlighted the significant uncertainties that persist. She noted that while …
Read More »Bitcoin Declines Amid Trade Tariff Uncertainty and Fed’s Interest Rate Outlook
Bitcoin edged lower on Tuesday, marking its third consecutive day of declines, as market participants adopted a cautious stance amid ongoing uncertainty surrounding U.S. trade tariffs and the Federal Reserve’s interest rate outlook. The world’s largest cryptocurrency dipped 0.8% to $95,424.7 by 01:14 ET (5:14 GMT). Crypto Investors on Edge: …
Read More »Presidents’ Day and the Markets: A Look at Historical Trends. Impact
Presidents’ Day, while a Wall Street holiday, offers a chance to reflect on the interplay between presidential actions and market trends. While isolating the holiday’s direct impact is challenging, examining broader trends during presidential terms and after policy shifts provides valuable context. Historically, market performance under different presidents has varied …
Read More »Tariff Update: The Trajectory of Trump’s New Tariffs
In recent days, the U.S. administration has signed an order on reciprocal tariffs shortly after imposing new duties on aluminum and steel. These measures aim to reshape the nation’s trade policy using tariffs, a favored economic tool of the administration.Latest Developments: While the administration has temporarily paused the planned 25% …
Read More »Bitcoin Drops as Investors Weigh Inflation Data and Fed Policy Outlook
Bitcoin fell on Monday as traders assessed U.S. inflation data and prepared for Federal Reserve officials’ upcoming remarks on monetary policy. Bitcoin Price Update (as of 01:30 ET / 06:30 GMT): Bitcoin (BTC): -1.3% to $96,368.1 Key Market Drivers Lingering Inflation Concerns U.S. Consumer Price Index (CPI) data for January …
Read More »Nasdaq Surges, Dow Jones Wobbles After Retail Sales Data
U.S. stocks continue to rise, benefiting from some factors available in the markets, most notably economic data and some factors related to the trade policies of the Trump administration. The Dow Jones Industrial Average fell to 44,609 points after giving up 100 points, or 0.3%. But the S&P 500 index …
Read More »U.S. Futures Trade Mixed as Investors Weigh Inflation, Earnings, and Trade Uncertainty
U.S. stock index futures hovered near flat levels on Friday as investors digested hot inflation data, corporate earnings reports, and uncertainty surrounding U.S. trade policies. Futures Movement as of 05:15 ET (10:15 GMT): Dow Jones Futures ↓ 100 points (-0.2%) S&P 500 Futures ↓ 2 points (-0.1%) Nasdaq 100 Futures …
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