October 10, 2024
Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK Invest, the cryptocurrency-friendly asset manager founded by prominent Bitcoin bull Cathie Wood, has sold another large portion of its Robinhood holdings. According to a trade notification on Oct. 8, ARK offloaded 1.4 million Robinhood shares worth $36.4 million from its three funds.
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October 10, 2024
European stocks bouncing back
European stocks settled higher, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the automobiles and parts sector among top gainers with 1.1% jump
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October 10, 2024
Sterling at one-month low on dollar
The British pound nudged down to a one-month low on the dollar, as markets gradually reassess the different interest rate paths of the Federal Reserve and Bank of England. The Pound dipped a slight 0.1% against the Dollar in the last session. The Williams indicator indicates an oversold market.Support: 1.301 | Resistance: 1.3154
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October 9, 2024
Gold set for biggest drop in over a month
Gold prices fell over 1% and were on track for their biggest drop on a percentage basis in 1.5 months as recent U.S. employment data lowered expectations for a bigger rate cut, while markets awaited minutes of the U.S. Federal Reserve’s latest policy meeting for fresh signals. The Gold fell against the Dollar in the […]
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October 9, 2024
S&P 500, Nasdaq advance as investors switch focus to upcoming inflation data
The S&P 500 and Nasdaq Composite rose, recouping some of the previous session’s losses, as investors shifted attention to upcoming third-quarter earnings and inflation data which may offer the next clues for how interest rate cuts will unfold
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October 9, 2024
Canadian dollar weakens as oil tumbles
The Canadian dollar weakened to a seven-week low against its U.S. counterpart on Tuesday as the price of oil fell 4% and investors reassessed the outlook for Federal Reserve interest rate cuts.
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