Weekly Market Review – August 6, 2022

Stock Markets Stocks were mixed throughout trading this past week due to a stronger-than-expected jobs report and renewed investor worries that the Federal Reserve will continue with its aggressive monetary policy. The Dow Jones Industrial Average (DJIA) dipped marginally by 0.13% with all sectors down although the total stock market index rose by 0.67%. Tech […]

European markets close slightly higher; Bank of England imposes biggest rate hike in 27 years

LONDON — European stocks on Thursday closed slightly higher as uncertainty returned following gains in the previous session. The pan-European Stoxx 600 provisionally closed slightly above the flatline. Travel and leisure stocks were the standout performers, gaining 1.9%, while oil and gas stocks fell 1.3%. The relatively cautious mood for European stocks came after gains on […]

Coinbase Jumps Again and Silvergate and Hut 8 Mining Gain on Wednesday

Regulators are eyeing crypto and that’s a good thing today. What happened Shares of Coinbase Global (COIN 20.20%) jumped on Wednesday after the Senate Agriculture committee put forward a bipartisan bill that would identify and classify “digital commodities” that would be overseen by the Commodities Futures Trading Commission (CFTC). After Coinbase was caught up in the Securities and Exchange […]

Bouncing back despite Fed warnings

Stock markets are a little higher after turning lower on Tuesday amid nerves over Nancy Pelosi’s Taiwan visit. This week was already shaping up to be another rollercoaster ride and Pelosi’s trip just added another layer of event risk for the markets. There will be hope following the initial response from Beijing that any escalation […]