japanese-yen
Read More »Nvidia surge leads Megacap gains as US Indexes close higher
Following an optimistic note from Morgan Stanley, shares of chipmaker Nvidia rose, helping the S&P 500 and Nasdaq close higher. As investors awaited the earnings results from US retailers, this caused other Megacap growth stocks to increase. The information technology index increased thanks to Nvidia’s gain, making it the strongest …
Read More »US stocks mixed as investors digest PPI, consumer sentiment data
Wall Street is mixed as investors analyze inflation and consumer sentiment reports for potential clues about the Fed’s interest rate move. The S&P 500 added 0.4% in the early going, but the benchmark index is still on pace for its second losing week in a row. Most Wall Street traders …
Read More »Moody’s warning revisited as a wake-up call for optimistic banking investors
The decline in US bank stocks this week astonished options traders and drove them to wonder whether bank investors have grown too accustomed to the crisis-hit industry. Several US regional lenders had their credit ratings reduced by Moody’s, and some of the world’s largest banks were under scrutiny for a …
Read More »Disney’s earnings slump on streaming concerns
Big media firms have a conundrum, as evidenced by Disney’s quarterly earnings report: traditional TV still makes money but is losing ground, while streaming is expanding but remains unprofitable. In the third fiscal quarter, adjusted earnings per share decreased to $1.03, a 6% decrease from the same quarter the previous …
Read More »US stocks slide ahead of CPI data
The tech-heavy Nasdaq and S&P 500 fell on Wednesday due to dovish comments by US Federal Reserve officials. Megacap growth and technology stocks, like Nvidia, Apple, and Tesla, shed between 0.6% and 2.5% in early trading. However, there has been some improvement in the Nasdaq, which coincides with profit taking …
Read More »How could stocks, bitcoin react to potential uptick of US inflation?
The CPI report suggests an increase in US inflation, which could be a bullish sign for risk-on assets like commodities and cryptocurrencies. However, the current situation is different as inflation is making a comeback while the Fed is reducing liquidity in the system. This uncertainty affects the impact of inflation …
Read More »Wall Street quacked by Moody’s downgrade of banking sector
US stocks retreated Tuesday as an August sell-off was reignited by a downgrade of the banking sector by credit rating agency Moody’s. The Dow Jones Industrial Average was down 359 points, or 1%, led by a decline in Goldman Sachs. The S&P 500 dipped 1.1%, bringing its pullback from its …
Read More »US stocks finished higher ahead of key CPI data
As investors raised positions in anticipation of Thursday’s US inflation report, US stocks ended the day higher on Monday, making up ground lost during the previous week. Due to concerns over deteriorating economic data, inconsistent results, and rising Treasury yields, the major stock indices closed last week lower as investors …
Read More »Wall St set to kick off week higher; U.S. inflation in focus
Following a tumultuous week, Wall Street was expected to open higher on Monday, with investors looking ahead to a highly anticipated U.S. inflation report due later in the week, which could put the market’s strong comeback this year to the test. On Friday, the major stock indexes finished the week …
Read More »