U.S. stocks traded lower, while the personal consumption expenditures (PCE) price index was 2.7% in April. Wall Street traded in a mixed fashion over the earlier climb. Earlier this morning, the U.S. stock main index climbed higher despite the previous weak session. Yet the market increases were only for a few hours due to the […] More
Wall Street declines due to a slower-than-expected second-quarter GDP. Wall Street’s main indices fell on Thursday, while investors were reminded that the Fed would cut interest rates by July or September. As recent reports indicate, the U.S. economy is still moving cautiously to bring down inflation to the target point of 2%. According to New […] More
U.S. stocks edged higher Friday but were set for weekly losses due to concerns over high inflation and interest rates. Major U.S. stocks are into weekly losses despite Friday’s higher session. Today’s session saw Wall Street and U.S. stocks edge higher to end this week’s session, but still, the losses were high to cover. However, […] More
Wall Street decreases due to fresh inflation fears and market uncertainty Wall Street dipped lower on Thursday as fear of persisting inflation rose today. The decline in U.S. stock was influenced by the climbing Treasury yields. The data revealed today indicate a rising inflation due to the incline in the S&P global flash US PMI […] More
Signs of slowing inflation boost hopes for interest rate hikes on Wall Street. Wall Street trade was mixed in this week’s final session, despite the strong inflation indication. The decline can be explained by the expectation that the Fed’s next meeting will have a hawkish tone. The technology sector hasn’t received this expectation well. The […] More
In April, all urban CPI consumers were well received by all marketers in the U.S Wall Street traded in a mixed fashion despite the well-received inflation data. As the date approached, by the use of statistics, the CPI rate for all urban consumers rose by 0.3% in April, a total of 3.4% year-over-year increase. The […] More
Wall Street was mixed despite the higher-than-expected first-quarter earnings report. Wall Street edged higher this Friday, moving to a total weekly gain of between 1% and 2% despite high inflation and falling oil prices. This Friday, Wall Street gains jumped due to better-than-expected earnings forecasts. Starting with the main index, over 50% of the S&P […] More
Wall Street climbs as hopes of interest rate cuts emerge due to a higher than expected U.S. jobless claims report. European shares hit new highs hours after the US jobless claims report, which in turn boosted Wall Street gains this Thursday. Last week’s job growth report showed a slowdown in hiring numbers in April, and […] More
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The labor market remains healthy, and Apple Inc.’s first-quarter earnings reports boost the company’s stock shares by 6%. Wall Street edged higher this weekend despite the low nonfarm payrolls in the job report. As the earnings session remains on the spot, Apple Inc.’s first-quarter earnings reports boosted the three main indicators by more than 1% […] More
Wall Street’s main index fell in the last trading session this month as worries about rising inflation emerged. Wall Street The main indicators declined on the last trading day of this month as the Federal Reserve began its two-day policy meeting. As usual, inflation pressures and economic concerns remain a source of concern on Wall […] More
The banking sector falls short on Q1 earnings, leaving investors in the loop. Wall Street declined after this morning’s Q1 earnings from JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC). Goldman Sachs (GS). The released report was a slap in the face for investors, especially those who were waiting for better results this season. […] More
The U.S. added more jobs than market expectations, and the oil market indicators reached their highest level for the first time. Since late October Last week, the U.S. job market saw the highest number of initial jobless claims for the first time since January. The estimated number of Americans filing claims for unemployment benefits has […] More