Intel was one of the first two tech companies to join the Dow Jones Industrial Average during the late-’90s dot-com boom. Now, a slump in Intel’s share price could cost the American chipmaker its place in the blue-chip index after a near 60% decline in the company’s shares this year.
Wall Street’s main indexes fell over 1% as investors assessed subdued factory activity data ahead of a slew of labor market reports due through the week that could influence the extent of monetary policy easing by the Federal Reserve.
Gold prices eased to their lowest in more than a week, pressured by a firm dollar, while investors awaited U.S. non-farm payrolls data that could determine the size of the potential cut in the Federal Reserve’s September policy meeting.
The Gold-Dollar pair corrected downwards in the last session, falling 0.1%. The Stochastic indicator is giving a negative signal.
XAU/USD saw a minor dip of 0.1% in the last session.
The Stochastic indicator is currently in negative territory.
Support: 2481.6133 | Resistance: 2516.3333
Sales of U.S. automaker Tesla’s China-made electric vehicles grew 3% in August from a year earlier, data from the China Passenger Car Association showed. Deliveries of its China-made Model 3 and Model Y vehicles rose 17% from July.
Tesla shares gained 2.6% in the last session. The RSI is giving a positive signal.
Tesla shares rose 2.6% in the last session.
The RSI is currently in the positive zone.
Support: 200.1267 | Resistance: 217.9667
Cryptocurrency exchange-traded funds accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows, according to a post on the X platform by Nate Geraci, president of The ETF Store, an investment adviser specializing in ETFs.
The dollar edged down but remained within striking distance of its highest level in almost two weeks as investors’ focus moved to a U.S. jobs report due at the end of this week. U.S. payrolls will be crucial after Federal Reserve chair Jerome Powell pivoted from a battle against inflation to a readiness to guard against job losses.
