Bitcoin price performance declines in line with US stocks ahead of classic volatility caused by the US Consumer Price Index data. The cryptocurrency’s price followed analysts’ predictions with mixed action continuing around $19,000 at Tuesday’s Wall Street open. At the time of writing, bitcoin is trading at $18972.The BTC/USD pair …
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The stock market fell Thursday after unemployment claims surged at levels that are not enough to convince investors the Fed will change its aggressive rate policy. Oil giants Chevron (CVX) and Exxon Mobil (XOM) led gains while food and beverage companies declined on earnings.The Nasdaq composite traded 0.1% lower, after …
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Wednesday pullback of US stocks proved that the previous two day rally was short-lived. The scene is set for further volatility, after a stormy trading day. The S&P 500 tumbled 1.4%, while the Dow Jones Industrial Average slid 340 points, or 1.1%. The technology-heavy Nasdaq Composite led the way down …
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Several companies are making the biggest midday moves in Wall Street including Credit Suisse shares that rose 1.7%, reversing an earlier decline that sent the stock to a record low, after the bank over the weekend made a series of calls to calm investor fears about its financial health. In …
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US stocks fell on Thursday, for the third successive day after the Fed delivered another aggressive 75 base point rate hike. The monetary policy decision, originally meant to encounter hot inflation, triggered anew fears that the US economy could fall into a recession.The Dow Jones Industrial Average was last down …
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The major US stock averages retreated, reversing earlier gains, after the Fed announced its third consecutive 0.75-percentage-point interest-rate increase. The two- and 10-year U.S. Treasury yields rose to 3.581 up by some +0.17% after the announcement.Following is how the US indexes are performing versus five minutes before the rate policy …
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Some key economic data are expected this week including the ISM manufacturing PMI Index, as well as nonfarm payrolls, respectively: an indicator of US economic activity and tracking measure of the total number of paid workers in the US.This week’s soft economic data could grant the crypto and stock markets …
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When Walmart and Target report their quarterly earnings this week, investors will gain some insight into how big retail is handling inflation—and stocks across the sector will likely feel the aftershocks.The two companies are important bellwethers for the retail industry and consumer spending. And in recent months, both Walmart and …
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The US dollar fell following the release of US inflation reading. The dollar ended the trading day in the red territory against all major rival currencies. Safe-haven currencies edged higher against the US dollar, with USD/CHF now changing hands at 0.9426 and USD/JPY trading at 132.90. Gold was the worst …
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US stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven.Investors digest data released early in the session that showed manufacturing activity expanded …
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