The nonfarm payrolls rose by 223,000 jobs in December according to the data announced by the US Labour Department while a 0.3% rise in average earnings was smaller than expected and lower than the previous month.The numbers for November were revised to show nonfarm payrolls rose by 256,000 and average …
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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 …
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US stocks extended their losses on Friday as they encountered extended selling that has become a general trait of December ahead of the long holiday weekend.The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each sank 0.5% after struggling for direction at the open. The technology-heavy Nasdaq Composite (^IXIC) …
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Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …
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Bitcoin is trading at $16764 at the time of writing. The most famous cryptocurrency is struggling below $17,000 as the new year draws nearer. BTC fades a bit with some profit-taking. Simultaneously, US stocks are in the green territory and provide more tailwinds and help Bitcoin traders build up considerable …
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The major US benchmarks are trading up as investors buy ahead of new year holidays. The major US Indexes are moving higher on Tuesday as stocks struggle to hold their gains ahead of the Christmas. However, the limited rebound is considered as a sign that New Year’s Rally is imminent.Equities …
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US stocks fell on Wall Street on Friday after the Fed raised its forecast for how high it will ultimately push interest rates and attempted to assist investors’ hopes that rate cuts may happen next year. Stocks fell on Wall Street on Friday as worries grew that the Federal Reserve …
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The Fed decided a 50-basis point rate hike as expected, while the policy statement was closer to a copy of the previous one. The US central bank is still adopting reserved language about the possibility of recession, but with most Fed officials considering downside risks, it is fair to say …
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According to US Treasury Sec. Janet Yellen, “recession is not inevitable”. But, Yellen declined to say whether the dollar had peaked against other currencies. US stocks benefited on Thursday and exhibited better performance on anticipations of slower pace of monetary policy tightening. The performance of stocks impacted the US Dollar, …
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US stocks rose in morning trading on Wall Street Thursday, but are still lower for the week after five straight losses.The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%.Energy stocks had some …
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