US stock advanced on Thursday and recovered some ground after registering minimal losses on Wednesday, as the falling US 10-year Treasury yield made stocks relatively attractive. During the testimony before the House Financial Services Committee on Monetary Policy and the …
US shares edged slightly lower on Wednesday in choppy trading as markets struggled to sustain a rebound from earlier Wednesday following the hearing from the Fed Chairman Jerome Powell. The Dow Jones Industrial Averages fell 0.15% while the S&P 500 …
US shares jumped on Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and digested rising chances of a possible recession. The technology-heavy weighted Index, the Nasdaq Composite led the rally, popping 2.51% on Tuesday. The …
After cryptocurrencies faced a major sell-off, Solend, a lending platform built on the Solana blockchain, attempted to gain control of its most extensive account to stop it from collapsing the system. The largest account, the so-called “whale” account, might influence …
The Nasdaq Composite and the S&P 500 bounced slightly on Friday as investors attempted to find some footing following a brutal week. All three US indices ended the week with a negative. The Nasdaq rose 1.43% while the S&P 500 …
US equity markets sank on Thursday and reversed the gains from Wednesday as investors worried the Fed’s aggressive monetary policy might lead the US economy into a recession. The Dow Jones Industrial Average tumbled below the psychological and key 30,000 …
US shares rallied on Wednesday after the Fed raised the interest rates by 75 basis points, the largest increase since 1994. In the meantime, the Fed chairman, Jerome Powell signalled that the Fed could raise interest rates by a similar …
US markets were mixed on Tuesday as investors continued to brace for further rate hikes from the Fed and wait for the tier-1 economic data on Wednesday. The S&P 500 fell for a fifth day, dropping 0.38%. The Nasdaq Composite …
Major sell-off intensified on Monday, turning US indices into bear market territory as recession fears grew ahead of the key FOMC meeting this week. The S&P 500 tumbled nearly 4% to 3749.83, the lowest level since 2021; the S&P 500 …
US equity markets lost ground on Friday following the inflation indicator, CPI, which rose 8.6% in May, the highest level since 1981. The Dow Jones Industrial Averages slid 2.73% while the S&P 500 shed 2.91%, to 3900.85. The Nasdaq Composite …
