Tag Archives: Wall Street

Stocks’ rally to record highs in 2024 has come to a pause as corporate earnings season begins to highlight the market’s true potential; Attention is now turning to the profits of the technology sector, especially the so-called “Great Seven”, the technology giants: Apple, Microsoft, Meta Platforms, Amazon, Tesla, Alphabet (the …

On Thursday, US stocks experienced significant losses after profit-taking triggered by the desire to benefit from the recent gains they had achieved over the past few days. This came in the wake of increasing expectations of an interest rate cut by the Fed in September. The recent surge in stock …

Wall Street is buzzing about the Sahm Rule after the latest US Bureau of Labour Statistics data release showed an unexpected rise in the unemployment rate. While the headline number of 206,000 new jobs created in June exceeded the 190,000 expectations, economists are concerned about several underlying factors.What is the …

US stocks remained near the flatline on Friday as a tech-led rally showed signs of fatigue for the first time in over a week. The benchmark S&P 500 shed nearly 0.2%, while the tech-heavy Nasdaq Composite lost 0.2%. The Dow Jones Industrial Average remained virtually unchanged. Nvidia, which briefly became …

US stocks rose on Wednesday due to the slowing of job gains in May, as private employers added 152,000 jobs last month, less than expected. This data suggests that the US labor market is cooling, boosting investor hopes that the Fed could cut interest rates later this year. Nvidia (NVDA) …

The New York Stock Exchange said that technical issue is related to a mechanism designed to prevent stock prices from swinging wildly.On Monday, the New York Stock Exchange said Monday’s technical issue is related to a mechanism designed to prevent stock prices from swinging wildly as Berkshire Hathaway and dozens …

As May draws to a close and June begins, financial markets worldwide find themselves at a critical juncture. Economic data reveals a mixed picture, with signs of easing inflation tempered by ongoing concerns about growth and the potential for further policy tightening. Central banks grapple with diverging paths, while oil …

The euro closed Monday’s trading higher rise, driven by an improvement in risk appetite cross financial markets, fresh German economic data, in addition to some other factors related to monetary policy. Wall Street has seen intensive stock buying since the beginning of morning trading in the markets on the first …

The minutes of the latest Federal Reserve’s monetary policy meeting as well as inflation data attrac1ted most attention across trading markets for the week. The US dollar closed last week’s trading in an upward direction on the back of signals as well as messages included in FOMC Minutes for May’s …

Tuesday saw gains in the US market indices as worries and concerns over the country’s economy, lest it should fall into a recession, eased further. US economic figures indicated that recent data was the worst since February 2023. As a result, there is growing anticipation that the Fed will soon …