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Wall Street closed positive on Wednesday, lifted by gains in energy shares and Intuit whereas all eyes on Jackson Hole conference from the US Federal Reserve this week. Increasing Nasdaq Tech-Heavy, Intuit Inc. (NASDAQ: INTU) collects almost 4% after accounting software makers estimate upbeat 2023 fiscal revenue. After Bell, Salesforce (Nyse: CRM) Inc. fell 5.5% […]
Wall Street closes down on Tuesday as investors predict on data showing a slow economy ahead of a gathering of the US Federal Reserve later this week in Jackson Hole, Wyoming. The S&P 500 fell after the data showed that private sector business activities in the United States were contracted for the second month in […]
US STOCKS DROP AHEAD OF EXPECTED FED RATE HIKES US stocks fell and the dollar increased on Friday even when the results of the Treasury yields rose, with traders weighing additional interest rates from the Federal Reserve to fight inflation. With higher rates, high growth and technology stocks such as Amazon.com INC (Nasdaq: AMZN) and […]
Dow Jones concludes the worst quarter since 2020 On Thursday Dow Jones concludes the second quarter of the year with an enormous quarterly loss for two years. It happened because the latest economic data has increased the fear of recession in the consumers when Fed is recklessly determined to bring down inflation. The S&P 500 […]
The trend of bear market still continues U.S stocks showed sharp negativity on Thursday and closed at very lower levels due to the huge sell-off. The reason for this sell-off is the fear that is disturbing to investors regarding the biggest rise in interest rates since 1994 by central banks and this fear is growing […]