Quarter-end activities affect both the stock and bond markets. It’s a falling day for most Wall Street major indices; the stock market fell, crude oil prices went down, and the bond market cooled a bit. On Friday morning, the personal consumption expenditures (PCE) price index, excluding volatile food and energy components, was revealed, showing that […] More
Wall Street climbed and showed signs of reviving, and oil prices remained hot. The oil market remains hot despite falling by more than 2% during Thursday trading hours. Before that, data from Cushing, Oklahoma, the primary U.S. oil storage location, raised concerns among commodity traders. A significant decrease in oil inventories has intensified worries about […] More
Wall Street suffers as the Fed holds steady and signals continued high-interest rates. It’s been confirmed that the U.S. Federal Reserve will keep interest rates at the previous rates, and there is a possibility of more increases this year. Wall Street and investors didn’t take the news positively; sticks have fallen and investor sentiments have […] More
Oil prices surpass the $90 per barrel level for the first time since November 2022, and Wall Street ends the session negatively. Wall Street’s three major indexes fell in the last trading session of September’s second week. Heading to the second-lowest week of this month and the third in the past four weeks. In the […] More
Auto Industry Strike Drives Economic Uncertainty as Retail Sales Surge and Wall Street Gains The auto sector in the U.S. is on watch as the strike continues, and on top of that, the negotiations reach a critical moment. The negotiations started weeks ago, yet the strike is almost about to reach 10 consecutive days, which […] More
Wall Street Heads for Weekly Losses: Apple’s Rollercoaster, the Fed’s Influence, and Oil’s Resilience Apple is in the spotlight as the latest pawn in the U.S.-China War. The company wiped away a Total of $200 billion of its market capitalization due to the recent chip breakthrough. Due to concerns over a potential ban on iPhone […] More
Oil prices dropped from 10-month highs on Thursday due to weak Chinese trade data. Thanks to the weak Chinese data released this week, oil prices fell slightly from their 10-month high. Since surpassing the $85 per barrel mark, investors have been extremely cautious and focused on the economic changes, especially on Wall Street and the […] More
Wall Street flattened on the first trading session in September. Today’s job market reports have increased the potential for increasing monetary policy. According to the FED rate monitor tool, there is an 88% chance that the U.S. Federal Reserve officials will keep raising interest rates at the previous level of 25 basis points at the […] More
Jackson Hole Symposium: Powell’s Address Takes Center Stage Amid Global Economic Shifts The annual Jackson Hole Symposium hosted by the Kansas City Fed is underway, with Chairman Jerome Powell set for 10:05 AM ET. It was a meeting of interest for investors, with hopes that the Fed would decide not to continue with its current […] More
Wall Street edged lower despite the better-than-expected Nvidia earnings report. As expected, heavyweight tech giant Nvidia boosted a super-quarterly earnings report before the session closed on Wednesday. The company’s share prices soared 6.6% over the previous session. The report shows an estimation of $10 billion in sales, topping the previous $7.98 billion. As for its […] More
The stock market rallies amid rising hopes for the upcoming Nvidia earnings report. The share price of the heavyweight semiconductor maker Nvidia has tripled in 2023 due to rising artificial intelligence promises. In the premarket, Nvidia shares edged higher due to a promising third-quarter earnings report. Generally speaking, tech companies rallied this quarter, totaling a […] More
Nasdaq Declines While Dow Surges Amid Strong Retail Reports Unlike last week, Wall Street is making a rally this week by posting three consecutive days of high wins. Following strong retail sales in July, the stock market’s main indexes were boosted amid increasing hopes of the end of the interest rate festival. This morning Wall […] More