June 17, 2024
Nasdaq managed another high close
The Nasdaq eked out a fifth straight record closing high following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week.
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June 17, 2024
Gold notched first weekly gain in 4 weeks
Gold prices rose over 1% and notched their first weekly gain in four, as signs of slowing inflation in the U.S. raised hopes of a rate cut later this year and a stock selloff across Europe also lent support. The Gold-Dollar pair exploded 1.3% in the last session. The ROC is giving a positive signal.Support: […]
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June 17, 2024
Crypto startup funding eclipses $100B
More than $100 billion has been raised for cryptocurrency startups since the end of May 2014, with funding in May 2024 hitting 280 million. Cryptocurrency startup funding reached its zenith in October of 2021 with more than $7 billion dollars raised.
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June 14, 2024
US weekly jobless claims at 10-month high
The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and keeping hopes of a September interest rate cut from the Federal Reserve alive.
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June 13, 2024
Sterling edged higher as investors look beyond soft growth figures
The pound edged higher even as data showed economic growth stagnated at the start of the second quarter, as analysts looked beyond one-off factors and still expected the economic recovery to gather pace in the coming months. GBP/USD gained 0.4% in the last session.The ROC is currently in positive territory.Support: 1.2685 | Resistance: 1.2781
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June 13, 2024
Netflix Stock Outlook Analysis
Netflix, Inc. Common Stock is estimated to report earnings on 07/17/2024. This date is derived from an algorithm based on the company’s historical reporting dates and may be revised by Zacks Investment Research once the actual earnings date is announced. According to Zacks, based on forecasts from 10 analysts, the consensus EPS for the quarter […]
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