May 30, 2024
Canadian dollar weakened
The Canadian dollar weakened against its U.S. counterpart as concern that central banks could leave interest rates at elevated levels longer than previously thought raised demand for the safe-haven greenback.
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May 29, 2024
First time ever Nasdaq closes above 17,000
The Nasdaq crossed 17,000 for the first time ever, boosted by gains in Nvidia, while the S&P 500 closed slightly higher and the Dow slightly lower as Treasury yields rose. Nvidia shares boosted shares of other chip stocks as traders returned from a holiday-extended weekend.
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May 29, 2024
Apple’s iPhone Sales Surge by 52% in April
Apple’s share price rose over 10% in May, rebounding after four months of underperformance. In April 2024, iPhone sales surged by 52% year-over-year. Key Drivers of the Sales Boom: New Product Launches Improved Supply Chain Increased Marketing Efforts 5G Expansion What’s Next for Apple? Apple will focus on innovation and customer satisfaction, with upcoming product […]
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May 29, 2024
Dollar rebounds as yields rise
The dollar gained, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions. The Treasury Department saw soft demand for sales of two-year and five-year notes.
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May 28, 2024
A Stock to Watch: Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing (NYSE: TSM), a global leader in the semiconductor industry, saw its stock price rise by 1.9% last Friday to close at $160, driven by growing enthusiasm for artificial intelligence advancements. Quarterly Earnings Report On April 18th, TSMC announced an impressive performance for the first quarter of 2024, with a significant 8.9% year-on-year […]
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May 28, 2024
AUD/USD rose 0.4%
The last session saw the Aussie gain 0.4% against the Dollar. The Stochastic indicator’s is giving a negative signal.AUD/USD rose 0.4% in the last session.The Stochastic indicator is currently in the negative zone.Support: 0.6614 | Resistance: 0.664
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