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US Stocks on hopes for banking crisis to ease

Mohamed Abdelhamid Global Stock Market, Market Update

US stocks rose Monday, as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS engineered by the Swiss government.The Dow Jones Industrial Average gained 330 points, or `%. Meanwhile, the S&P 500 rose 0.7%, while …

Dow loses 400 points on Friday as First Republic, other banks resume slide

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Global Stock Market, Market Update

Due to continuing worries about the condition of the US banking sector, investors reduced their holdings of First Republic and other bank shares on Friday, causing a decline in US stocks.First Republic dropped by almost 33% to finish the week down by almost 72%. That represented a change from the …

Dow Jones tries temporary positive 13/3/2023

Adel Daily Technical Analysis, Technical Analysis

Oil, Crude, trading

Dow Jones: negativity remains 9/3/2023

Adel Daily Technical Analysis, Technical Analysis

Oil, Crude, trading

Dow drops points as Wall Street encounter higher rates for longer woes

Mohamed Abdelhamid Global Stock Market, Market Update

Market volatility, on Wednesday, is low because of correlation going down. The Dow Jones Industrial Average fell as Wall Street fought to recover from Tuesday’s selloff, triggered by comments from Fed Chair Jerome Powell signaling higher interest rates for longer.The Dow fell 202 points, or 0.6%, dragged down by declines …