Tech Earnings in Focus: Wall Street Swings Between Gains and Losses on Mixed Sentiments Wall Street experienced a mixed day on Monday, with swings between gains and losses recorded across various sectors. Investors shifted their focus towards the weekend’s quarterly earnings reports from major tech corporations such as Apple, Facebook, and Amazon. This shift in […] More
Bullish Earnings Reports and FED Uncertainty: A Rollercoaster Ride for the Stock Market Last week, BTC prices surpassed the $30,000 level for the first time in the past 10 months. However, Fed rate uncertainty is driving the market inward and upward. On Friday’s opening trading hours, BTC and ETH prices fell by more than 2%. […] More
Wall Street Edges Lower on Fears of Continued Interest Rate Hikes by the Fed Amid Decline in Oil Inventories Oil and gasoline prices slipped on the stock trading market after a heated report by the EIA. The EIA reported a high decrease in crude inventories for the end of the week of April 14 and […] More
March retail data shows a slowdown in the economic cycle in the U.S. Recently released economic data leaves Wall Street in a mixed trading session. The indexes are moving towards another lower week. The S&P 500 benchmark declined by 0.55% to 4,125.26 basis points, while its members’ sentiments are currently bullish by 56% and bearish […] More
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March core CPI rose by 0.4%, and investors see interest rates pause possibility in May Individual technology stock prices were mixed on Wednesday, whereas the main Wall Street indexes remained higher at the same time. By 13:25 ET, the S&P 500 benchmark was up by 0.20 percent to 4,117.56 basis points, and the Dow futures […] More
Investors and consumers share a pessimistic market outlook due to the U.S. Federal Reserve’s tightening policy. For the first time since October, the midterm outlook has jumped amid fears of higher increases in consumer products. Recently, FED officials said that food and energy prices in the U.S. will be 2.5% lower by the end of […] More
U.S. private payroll reports frighten Wall Street and the stock market amid fears of a global oil supply shortage. The ADP national employment report deepened investors’ worries about a market recession. The agency released the private payrolls report on Wednesday morning, but the figures were lower than market expectations. In a time when oil is […] More
OPEC’s surprise output cut boosts U.S. oil futures by more than 6% amid fears of a sharp decline in the global oil supply. A surprise cut in oil prices by the OPEC organization boosted oil futures to higher levels amid increasing fears of increasing inflation. Over the past few weeks, market uncertainty has increased significantly […] More
Nasdaq and the S&P 500 opened higher on Friday due to a better-than-expected PCE report. It’s inflation data week, and U.S. investors’ worries cooled down after a positive inflation report. Meanwhile, in the Eurozone, inflation is still rising and relatively higher. Wall Street’s main indexes opened higher for the third day in a row, despite […] More
U.S. oil records weekly declines in its oil stockpile at a time when the country faces its second-largest financial crisis. The U.S. oil market remains steady, particularly these past two weeks. Oil prices posted weekly declines over the past 20 days, and since the SVB failure, the market’s daily weekly gains have fallen significantly. Energy […] More
Stock market rallies amid news that the First Citizen bank will buy the silicon valley bank The banking sector is finally getting some relief and eased worries from recent banking stress. Both U.S. and European stock markets opened higher. The jump in the stock market was boosted by the news that the U.S. lender First […] More
Tighter credit conditions lead to a sharp decline in European financial services firms and banks. The European stock market faced a sharp decline in most of the financial services stocks in Friday’s trading session. Among those financial services firms is Deutsche Bank, whose shares fell by more than 10% after a spike in credit default […] More