Tag Archives: Wall Street

US Stocks on Wall Street continue to achieve significant gains, driven by crucial employment data. These numbers hold great importance and directly impact the Federal Reserve’s decisions and the future trajectory of interest rates.Non-Farm Payrolls (NFP) Report: In April, the NFP added 175,000 jobs in non-agricultural sectors, surpassing the previous …

On Friday, the stock market rallied, continuing its upward trajectory for a third week. Despite a weaker-than-expected jobs data for April that heightened investor expectations for a rate decrease by the Federal Reserve later this year, this bullish feeling persisted.What is driving the US stock market?Wall Street is generally cheering …

As the latest major lender to suffer the pinch of higher for longer interest rates, Bank of America reported an 18% decline in first-quarter profit. With the exception of a one-time charge, the results exceeded expectations, mostly due to the bank’s Wall Street and wealth-management units demonstrating good performance. The …

Earnings season began on Wall Street with a puzzle. Despite the fact that major banks like JPMorgan Chase and Wells Fargo had higher-than-expected profits, the market as a whole and their equities both fell on Friday. Investors appear uneasy due to JPMorgan’s cautious outlook for the remainder of the year …

Fresh records have become the usual story on Wall Street during the first quarter of the year. Accordingly; The US stocks rose on Tuesday as markets looked to continue to rally. The S&P 500 rose nearly 0.3%, while the Dow Jones Industrial Average edged higher by roughly 0.2%. The tech-heavy …

The Federal Reserve’s decision to hold rates unchanged and to adhere to the US monetary policy projection from the previous year, which suggests 75 basis points (bps) of rate cuts in 2024, caused the Australian dollar to leap 0.83% against the US dollar on Wednesday. The pair trades at 0.6595, …

After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …

Dealmaking is critical for Wall Street because it allows investors and banks to profit by offering advice or financing for transactions. President Joe Biden’s new bundle of laws to fund the federal government may hurt Wall Street mergers and acquisitions, dash hopes for a dealmaking rebound. Lowest Mergers, AcquisitionsInvestment bankers …

Focus on Key Economic Indicators Shapes Market Sentiment U.S. stock index futures edged lower on Monday as market participants eagerly awaited crucial inflation data scheduled for release this week, which could offer insights into the Federal Reserve’s monetary policy trajectory following the mixed jobs report from last week. Mixed Economic …

Ahead of the jobs data on Friday, and in the midst of carefully watched testimony from Fed Chair Jerome Powell, US equities continued to rise on Thursday, with the S&P 500 reaching a new record high.Once again, tech stocks led the way, as the Nasdaq increased by up to 1.5% …