Today: 16. Nov, 2024
On Wednesday, U.S. stocks lingered on the brink of ushering in a new bull market phase for Wall Street. The S&P 500 displayed a slight decline of 0.2% during afternoon trades after retreating from an earlier advance that exceeded the 4,292.44 mark.…
Last week saw a surge in mortgage rates, spurred by robust economic data intensifying fears that the Federal Reserve might not decrease interest rates soon. Consequently, the demand for mortgages hit the lowest point since late February. The average contractual interest rate…
Wall Street is experiencing a surge this Thursday due to speculation that the Federal Reserve might halt its interest rate hikes soon. As of midday trading, the S&P 500 has risen by 0.9%, triggered by various reports outlining a bifurcated U.S. economy.…
Thursday saw a slight uplift in U.S. stocks as numerous companies reported better-than-anticipated profits, while yields rose in response to a Federal Reserve official’s comments suggesting the termination of interest-rate hikes might not be as imminent as Wall Street anticipated. The S&P…
Stocks on Wall Street edged lower as Home Depot issued a warning about declining sales, adding to concerns about the overall state of the economy. The midday trading saw the S&P 500 down by 0.3%. The Dow Jones Industrial Average fell 207…
Most Asian shares took a downturn as concerns about U.S. banks and declining demand from China, a significant growth propeller for the region, loomed large. Stephen Innes, a managing partner at SPI Asset Management, noted that “Asian stocks were grappling to find…
The price of gold experienced a significant upswing in response to the latest meeting of the US Federal Reserve, but did it reach a new record high? Although the gold price briefly dipped below $1,980 per ounce earlier in the week, it…
