Today: 16. Nov, 2024
As 2023 draws to a close, Wall Street is poised for a winning week despite the calm of holiday trading. The S&P 500 and the Dow Jones Industrial Average, two of the most watched market indices, are holding onto their gains with…
Wall Street is experiencing a remarkable phase, nearing record highs as it heads towards its seventh consecutive winning week. This period of financial prosperity, marked by the S&P 500 being just 1.7% below its all-time high and the Dow Jones Industrial Average…
The UK economy stabilizes after a prolonged inflation-induced slowdown and aggressive interest rate hikes. Recent data indicates a modest decrease in mortgage costs and a resurgence in manufacturer confidence, suggesting that the country might be “turning the corner.” The Bank of England’s…
Investors exhibited cautious optimism as Wall Street approached the final Federal Reserve meeting of the year. The morning trading session on Monday saw a mixed performance among key indices, reflecting the market’s focus on upcoming economic updates. The S&P 500 slightly increased,…
The UK economy is finally showing signs of stabilization after prolonged economic turbulence. This shift comes amidst a pause in the Bank of England’s aggressive interest rate hikes, which had recently been the norm. Recent data indicates a modest decline in mortgage…
As Wall Street wrapped up its recent gains on Monday, the financial world now turns its attention to a series of pivotal reports on the job market due this week. These insights could play a crucial role in shaping the Federal Reserve’s…
Wall Street witnessed a mixed trend on Friday morning, coming off its strongest month in over a year. The S&P 500 experienced a slight dip of 0.1%, while the Dow Jones Industrial Average increased by 57 points, marking a 0.2% increase to…
2023 marked a notable rebound for the US stock market, ending a persistent decline phase. Stocks have completed their strongest month of the year and signalled a significant recovery across major indexes. The S&P 500’s resurgence, nearing its mid-summer peak, reflects a…
In a welcome change of pace, Wall Street witnessed a notable uptick in morning trading on Wednesday, buoyed by a series of positive updates from leading U.S. corporations, most notably General Motors (GM). This surge, characterized by broad gains across various sectors,…
In a recent address at the 2023 New York Times DealBook Summit, JPMorgan Chase CEO Jamie Dimon presented a sombre outlook for the global economy. His speech highlighted concerns about escalating inflation and the looming possibility of a recession. Dimon’s insights carry…
