Tag Archives: US Economy

Gold fell in Tuesday morning trading in Asia. While the dollar, which usually moves in reverse with gold, rose 0.07% on Tuesday, recovering from a one-month low hit during the previous session. Gold futures were also down 0.07% at $1,805.55 by 11:15 PM ET as investors await this week’s key …

U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …

Regulation and low profits pose threats to the U. S. community banking sector according to Michelle Bowman; member of the Federal Reserve Board.Speaking to a community bankers’ symposium at the Federal Reserve Bank of Chicago, Bowman noted that only 44 new banks had been chartered in the last decade.Bowman said …

US major equity indexes opened the new trading week on a calm note near last week’s closing levels. The S&P 500 index was up 10 points to 4,542, almost unchanged on the day after giving up modest gains recorded after the opening bell on Monday. The Dow Jones Industrial Average …

Gold prices approached levels of $1800 an ounce Monday, October 25th, which is considered an important level for investors, influenced by the dollar’s decline, and investors were preoccupied with assessing the possible response of the US Federal Reserve to inflationary pressures after its Chairman said that inflation may continue for …

The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required.As the S&P500 cash market opened, the market mood was upbeat, with the three major U. …

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, said on Friday that he thinks it is the time to start reducing asset purchases but added it’s not time to raise interest rates yet. Main Quotes:“Risks are clearly to longer, more persistent bottlenecks, and thus to …

U.S. CompositePurchasing Managers’ Index; PMI Output Index, which tracks the manufacturing and services sectors, has rebounded to a reading of 57.3 in the first half of October from 55.0 in September. A reading above 50 indicates growth in the private sector.The service sector of the U.S. economy has sped up …

The economic activity in the US manufacturing sector continued to expand in October, albeit at a slightly slower pace than it did in September, with IHS Markit’s Manufacturing PMI declining to 59.2 (preliminary) from 60.7. This reading missed the market expectation of 60.3.

The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …