The dollar stabilized in Asian markets on Tuesday, but struggled to move away from its lowest levels in five weeks, as dealers believed that banking pressures would prevent the Federal Reserve from raising interest rates by a large amount, or perhaps not at all, at its meeting this week. The …
Read More »USD is falling as risk appetite improves
The dollar fell on Friday as risk appetite improved after authorities and banks in key markets moved to ease pressure on the financial system, calming other major currencies that had fallen earlier in the week in the wake of banking turmoil. On Thursday, large US banks pumped $30 billion in …
Read More »USD finds support as fears of a banking crisis subside
The dollar found support in Asian markets on Wednesday, as investors cut their expectations about cutting interest rates in the United States after easing fears of a banking crisis and the release of data showing that inflation remains high. In early trading, the wave of selling the dollar, which lasted …
Read More »Dollar gains after tepid U.S. consumer prices report
The dollar nudged higher on Tuesday as consumer price data showed inflation continuing to rise but at a slower pace, in a widely anticipated result that might prompt the Federal Reserve to suspend or possibly halt interest rate hikes next week. The dollar index increased by 0.106%, while the euro …
Read More »Dow futures fall 100 pts; payrolls and banking sector in spotlight
With the focus on the forthcoming employment data and the struggling banking sector, U.S. equities are expected to begin neutral Friday, recovering following the previous session’s selloff. At 12:00 GMT, the Dow Futures contract was down 100 points or 0.3%, the S&P 500 Futures contract was down 4 points or …
Read More »Futures Fall Ahead Of Fed Meeting, Big Earnings
Amid widespread risk aversion, Dow Jones futures fell on Monday morning, along with S&P 500 futures and Nasdaq futures, signaling a pullback following big gains in the latest trading sessions. The stock market rally cleared some major resistance last week. The major indexes had solid gains, responding bullishly to uneven …
Read More »US stocks swing as investors digest economic data, FOMC minutes
The S&P 500 was up a modest 0.1% in the afternoon, falling from a session high of more than 1% after minutes came in more hawkish than anticipated. The Dow Jones Industrial Average fell 0.2%, and the technology-heavy Nasdaq Composite was roughly flat.US stocks wobbled in back-and-forth trading Wednesday as …
Read More »Wall Street Grows Worried On Tesla’s Missing Delivery Estimates
Tesla delivered 405,278 vehicles in the fourth quarter of 2022. It is a record result for a quarter, but Wall Street was looking for closer to 420,000 electric vehicles.Fourth quarter deliveries have been disappointing, and Tesla’s shares are dropping while Wall Street analysts are closely watching price targets. Wall Street …
Read More »Dow Jones surges on weaker Pending Housing Data
The Dow Jones Industrial Average surged on Wednesday after the release of US economic data, with the release of another housing report as well as a Fed’s manufacturing index out. Tesla stock hit another new low before bouncing sharply, looking to recover a small bite of its historic December plunge.Wednesday’s …
Read More »S&P 500 retreats on surging T-yields amid Santa Claus rally
The S&P 500 fell on Tuesday, at the beginning of the holiday-shortened week, as yields climbed while investors are busy assessing the economic outlook for the new year.The Dow Jones Industrial Average rose 47 points, or 0.13%. The S&P 500 retreated by 0.4%, while the Nasdaq Composite shed 1.3%. Southwest …
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