Bitcoin jumped 6% during January 9 trading as investors awaited potential regulatory approval of a US Bitcoin exchange-traded fund this week. In mid-trading on Tuesday, January 9, the price of Bitcoin reached more than $46,600, after recording $46,840, i.e. the highest level since April 2022. The number of Bitcoins mined …
Read More »Bitcoin advances after initially impacted by FOMC minutes
Bitcoin has recovered from its recent decline earlier in the week, trading 4.02% higher over the past 24 hours and peaked to $44790, but at the time of writing, Bitcoin is trading at $44333 up by 3.45%.Analysts attribute this to uncertainty from the Fed on the pace of rate cuts …
Read More »Dow surges as Wall Street tries to scatter early year market debility
As investors sought to bounce back from a weak start to the year, the Dow Jones Industrial Average saw better trading on Thursday. The 30-stock index gained 137 points, or 0.4%, to make up for the nearly 300 points it had lost the previous day. S&P 500 increased by 0.1%. …
Read More »How have US stocks performed amid Santa rally’s onset?
After five straight record closing, US stocks saw a slight decline; however, all three major US indexes ended the day down. Wall Street was expecting the Santa Rally to push markets to new heights as they finish 2023 on a high note. With a 24% increase so far this year, …
Read More »S&P 500 on track for eighth-straight winning week
The S&P 500 increased on Friday in response to lower inflation figures, and Wall Street was hoping to continue its year-end rally as the major averages were headed for their eighth consecutive winning week. The Nasdaq Composite increased by 0.16%, while the Dow Jones Industrial Average dropped 10 points, or …
Read More »US Stocks recover after worst day since October
Following the largest day sell-off in months for the main indexes, US equities rose early on Thursday. The S&P 500 surged by roughly 0.8% at the start of trading, recovering from the benchmark index’s largest one-day drop since October. Following the end of nine-day winning streaks, the teach-heavy Nasdaq Composite …
Read More »Dow extends winning streak as S&P 500 approaches record gain
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 …
Read More »US Stocks add to seven-week gains as S&P 500 rises
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% …
Read More »US stocks head toward seventh straight week with gains
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, …
Read More »Stocks rise after surprise change in US unemployment
After hitting a high of 4,606.31, which put it within one point of its 2023 peak, the S&P 500 stayed close to the flatline, while the Dow Jones Industrial Average gained 24 points, or 0.1%. 0.15% was added to the Nasdaq Composite. The unemployment rate unexpectedly decreased in November, from …
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