U.S. stocks ended last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week. The S&P 500 and the Nasdaq notched their seventh straight session of gains
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Wall Street indexes mixed as Alphabet slips
Wall Street’s main indexes offered a mixed bag on Wednesday, as Alphabet and some megacap tech stocks traded lower but the latest inflation data reassured investors betting the Federal Reserve would start cutting U.S. interest rates next month. The last session saw Google shares fall 1.2%. The Stochastic-RSI is giving a positive signal.Google shares fell […]
Wall Street umps as softer producer prices data boosts rate optimism
U.S. stocks hit a near two-week high after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September. Megacap and growth stocks gained, with Nvidia set to lead the charge for a second session, rising over 5%.
Wall Street indexes struggled for direction
Wall Street’s main indexes struggled for direction on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia’s quarterly results and minutes of the Federal Reserve’s policy meeting.
An Awesome Start To A Trading Week With Wall Street High.
What awesome start to a trading week, following the G-20 summit on Friday Investors and Traders sentiments are optimistically gleeful. On a truce between the US and China. Global markets were up trending at the time of print 07:30 GMT. However, analysts believe there could be more bumps before calm is restored. This week market participants […]
Dollar on Fire, Commodities Sink, Wall Street Disarray.
The Turkish Lira continues to wallow with minor correction as the Turkish Central Bank issues assurance to provide enough liquidity to pass through the storm. Meanwhile prudent investors trading on the momentum of the market opted to buy the USD. The USD has thus gained considerable wings. The US Dollar Index (DXY), which measures the […]