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The US markets recorded their worst one-day loss in 2022 on Tuesday due to higher inflation than the estimated increased fears that the Federal Reserve could make a greater interest rate increase next week. The DOW dropped by 1,276 points, or 3.94%, to finish at 31,104. The S&P 500 fell by 177 points, or 4.32%, […]
Asian Stocks Turn Risk-On Ahead of U.S. CPI Reading! Asian stock markets rose on Monday as investors awaited further signs that US inflation is slowing, and tech stocks are struggling to gain momentum. The weakness of the US dollar, as it retreated from a 20-year high, also contributed to the risk of starvation. But public holidays in Hong Kong and China kept business prices in the region muted. Taiwan’s tech-heavy index was the region’s top performer, up 1.8%. Indices in Japan and Australia […]
The Federal Reserve is committed to getting inflation to its 2% target, which means interest rates will continue to rise, US FED Chair Powell speaks in a conference speech on Friday. But how much more will depend on future data, he said. Since the Fed’s policymaking arm met in July, the Fed has seen some […]
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 […]
Major US indices close the best month since November 2020. These indices close the month of July on a positive note and recorded the best monthly performance since November 2020. Dow was up by 315 points at Friday’s closing and closed the day at 32,845. The S&P 500 increased by 57 points and closes at […]
Asian Stocks Fall and Euro pars with Dollar International equities faltered, oil dropped as well as the euro inched nearer to parity along with the risk-free place dollar on Tuesday as the possibility of additional tightening through main financial institutions, restored COVID outbreaks in China as well as Europe’s electricity shortages spooked investors. MSCI’s broadest […]
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 […]
Once again Wall Street has come back into the claws of the bear markets because investors feel anxious over inflation and higher interest rates. It is also a clear signal from FED that it will raise interest rates aggressively to overcome inflation. Investors are forced to reconsider their decision about what they are going to […]