Global Stock Market

Stocks experienced a decline on Wednesday due to investors cashing in profits following the market’s recent hot streak. FedEx, the largest laggard in the S&P 500, lost over 10% due to disappointing revenue outlooks and disappointing second-quarter results. The , a price-weighted index of 20 stocks, also fell by 0.9%. …

In a letter to Treasury Secretary Janet Yellen, three senators urged the Biden administration to thwart the recent agreement between the US Steel Corporation and Nippon Steel Corporation (NSC) of Japan. NCS declared that it will buy US Steel for $55 per share and take on the $14.9 billion in …

Dow Jones and S&P 500 closed higher on Tuesday, with all three major averages on track to finish December with gains. S&P 500 is up 4.4% for the month and comes off its longest weekly winning streak since 2017. Dow and Nasdaq are up 4.5% and 5.5%, respectively. S&P 500 …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

Monday saw gains in US stocks as the market continued to show signs of strength after a seven-week winning run. The Dow Jones Industrial Average increased by 0.02%, or 7 points. The Nasdaq Composite gained 0.7%, while the S&P 500 increased by 0.5%.The overall index is currently just over 1% …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: US Mohammed Hashad …

Ukraine’s gross domestic product (GDP) is likely to grow by more than five percent in the first 11 months of 2023 after a 28.9 percent decline, Ukrainian Economy Minister Yulia Sviridenko said on Monday. percent in the same period last year. She added that the government expects GDP to grow …

US stocks are currently hovering around their record highs. They are poised to end the longest weekly winning streak in six years. With a 0.1% decrease in morning trade, the S&P 500 is now 1.7% behind its all-time high from early in the previous year. The Dow Jones Industrial Average, …

On Thursday, the Dow Jones Industrial Average kept rallying to new heights as investors looked to build on the Fed-fueled rise that occurred on Wednesday. The increases occurred when traders processed U.S. retail sales data and the Labour Department’s initial batch of unemployment applications.The celebration was missed by Adobe, whose …