Gold and silver futures prices modestly lower in early U.S. trading Tuesday. Global stock markets have stabilized Tuesday after hitting some fresh Covid turbulence on Monday, and that is keeping buyers of the safe-haven metals tentative so far today. February gold futures were last down $3.80 at $1,879.00 and March Comex silver was last down $0.329 […]
U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said on Tuesday, stopping short of making specific recommendations. The group laid out several potential changes to those markets, in which the U.S. government intervened to stabilize after big outflows […]
The dollar’s influence on how China sets its yuan exchange rate is expected to decrease again this year. A branch of China’s central bank factors in the moves of a basket of trading partners’ currencies when setting the yuan’s daily reference rate. The weighting of each of the 24 components in the CFETS RMB Index […]
Apple (AAPL) closed the most recent trading day at $128.14, moving +1.17% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.39%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.1%. Coming into today, shares of the maker of iPhones, iPads and other products had gained […]
America’s millionaires are betting on a strong stock market next year, with many expecting double-digit gains, according to the CNBC Millionaire Survey. Seven in 10 expect the S&P 500 will be up at least 5% next year and nearly a third of those polled expect gains of at least 10%, according to the survey of […]
Homebuilder stocks have been among the brightest spots in the market this year as low interest rates and a flight to the suburbs from urban areas kept the bulls optimistic. The XHB homebuilder ETF has rallied nearly 150% off its March low, more than twice as large as the rebound for the S&P 500. The […]
Stock futures held steady in early morning trading on Monday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown deadline. Futures on the Dow Jones Industrial Average were down 16 points. S&P 500 futures traded below the flatline while Nasdaq 100 futures were in mildly positive territory. At Monday’s open, Tesla […]
Bitcoin has surged higher again, soaring to fresh new all-time highs of over $24,000 per bitcoin after beginning the week at under $19,000. The bitcoin price, up a staggering 30% this week alone, climbed to $24,220 on the Luxembourg-based Bitstamp bitcoin and cryptocurrency exchange before falling back slightly. However, amid this week’s huge bitcoin and […]
Euro Moves Lower Against U.S. Dollar At The Start Of The Week EUR/USD is trying to settle below 1.2175 while the U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index gained upside momentum on worries about new COVID-19 strain in Britain. Many European countries have already closed their borders for British travelers, […]
The stock market’s record run this year hasn’t discounted one top strategist’s bull case for 2021. Meghan Shue, head of investment strategy at Wilmington Trust, told CNBC’s “Trading Nation” on Friday that her firm is “very constructive” on stocks over a 9-12 month time horizon. “We’re the most bullish on the market that we’ve been in about […]
U.S. stocks ended lower on Friday, pulled down by uncertainty around a coronavirus stimulus deal, while Tesla shares hit a lifetime high in anticipation of their addition to the S&P 500 next week. All three major indexes hit record highs at the opening before retreating. The S&P 500 technology index, which has led gains this […]
In the latest trading session, Barrick Gold (GOLD) closed at $23.27, marking a -1.36% move from the previous day. This change lagged the S&P 500’s daily loss of 0.35%. At the same time, the Dow lost 0.41%, and the tech-heavy Nasdaq lost 0.07%. Coming into today, shares of the gold and copper mining company had […]
