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Wall Street closes sharply up on Thursday, pushed by profits in Nvidia (Nasdaq: NVDA) and other technology-related stocks as investors focused on the Jackson Hole Federal Reserve conference for instructions on the prospects of the central bank policy. Chairman of Fed Jerome Powell will give a speech on Friday that investors will dissect indications of […]
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 […]
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 […]
What? Bitcoin is now trading below $19000 levels! Yes, it is true. Bitcoin dropped below the levels of $19000 on Saturday and the whole crypto market faced a loss of $67 billion in just eight hours. This is the bitcoin’s 18 months lowest low. The price of Bitcoin slumped to $17,582 its lowest since December […]
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 […]