Stock futures were mixed in Wednesday’s after-hours session, with investors awaiting the latest read on the jobs market, still unsettled by spiking prices that could throttle the recovery. During Wednesday’s regular session, fears of rising inflation hammered Wall Street after grim consumer price data sparked a sell-off in blue chip and technology shares, amplifying new […]
Stock markets across the world have slid amid worries that US inflation is set to rise. In the US, the Dow fell 474 points to lose 1.4% on Tuesday – its largest one-day drop since late February. European bourses also saw steep declines on fears among traders that rising consumer prices could push up interest […]
Gold prices rose on Tuesday to hover near a three-month high reached in the previous session as the dollar traded near multi-month lows, with investors awaiting U.S. consumer price data to gauge inflation. Spot gold rose 0.2% to $1,839.74 per ounce by 1051 GMT, after hitting its highest since Feb. 11 at $1,845.06 on Monday. […]
Tech stocks have gotten short-circuited so far this week, crushed under the weight of the lofty expectations built into them by profit-hungry investors. The Nasdaq Composite fell close to 1% in early trading on Tuesday, extending its five-day loss to 2.1%. But underneath the hood of the Nasdaq tells the broader story of a market […]
Inflation fears boost US dollar The US dollar rose modestly overnight as inflation nerves sapped risk sentiment and firmed up US yields, notably in the 30-year tenor. In contrast to the panic seen in equities overnight and this morning in Asia, currency markets were orderly. The dollar index tested the downside initially before regaining those […]
It was one of the wildest days of the year for the U.S. stock market with technology shares as the battleground. Big Tech took a big hit to start the day on concerns about rising inflation and high valuations. The selling eventually spread to the rest of the market as the day went on. But […]
Nasdaq futures slipped early Tuesday morning after investors punished Big Tech stocks during the regular session and pushed both the Dow Jones Industrial Average and the S&P 500 off record levels. S&P 500 futures traded 0.8% lower, while those tied to the Dow fell around 180 points. Nasdaq 100 futures came under pressure and retreated […]
The Dow Jones Industrial Average hit 35,000 for the first time, before pulling back late afternoon, while the S&P 500 languished and Nasdaq fell over 2%. News of a U.S. warship fire warning shots in the Strait of Hormuz at Iranian gunboats, according to the U.S. Department of Defense, jolted markets. This as investors continued […]
Just a week after dogecoin’s massive rally, during which the coin surpassed the 70-cent mark for the first time in the lead-up to Elon Musk’s hosting appearance on “Saturday Night Live,” ethereum is taking its turn in the spotlight. The coin has been on a massive tear in recent days, nearly doubling in value over […]
Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning. The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start […]
Bitcoin may be struggling to break back above $60,000, but Morgan Creek Capital Management’s Mark Yusko is aiming even higher. The investment management firm’s founder and chief investment officer predicts the cryptocurrency could reach $250,000 within five years. He says the key is it’s so much more than just a token of value –something he […]
Stocks rose last week, as both the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) gained more than 1%. The flood of earnings reports continues with many of the market’s favorite stocks reporting results over the next few trading days. That list includes Disney (NYSE:DIS), Electronic Arts (NASDAQ:EA), and The Trade Desk (NASDAQ:TTD), […]
