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The number of Americans filing initial jobless claims rose modestly last week, indicating that the labor market remains on solid footing. In recent days, Elon Musk's Department of Government Efficiency has laid off thousands of federal employees. The claims for unemployment benefits for these laid-offs were filed separately under the Federal Employees' Unemployment Compensation (UCFE) program, with a one-week delay in data reporting. The White House wants to cut about 2.30 million federal govern...
February 19 news, U.S. stocks closed on Tuesday, the Dow preliminary closed up 0.02%, the S & P 500 index rose 0.24%, the Nasdaq index rose 0.07%. Tesla (TSLA. O), NVIDIA (NVDA. O) edged higher, Intel (INTC. O) rose 16%. Nasdaq China Golden Dragon index closed down 1.27%, XPeng Motors (XPEV. N) rose nearly 5%, Alibaba (BABA. N) rose 1.8%, iQIYI (IQ. O) fell 9%.
On January 9, "Federal Reserve Messenger" Nick Timiraos pointed out that the Federal Reserve meeting notes further showed that officials are generally willing to keep interest rates unchanged at the upcoming meeting at the end of this month. "Participants indicated that the committee is at or near the appropriate level to slow the pace of policy easing," the meeting notes said. Officials believe that based on their current outlook for economic activity, the Federal Reserve may continue to cut in...
January 3 news, U.S. stocks closed on Thursday, the three major stock indexes opened higher and lower. The Dow initially closed down 0.3%, the S & P 500 index fell 0.2%, and the Nasdaq index fell 0.16%. Apple (AAPL. O) fell 2.6%, Tesla (TSLA. O) fell 6.08%, and NVIDIA (NVDA. O) rose 2.9%. The Nasdaq China Golden Dragon Index closed down 1.5%, NIO (NIO. N) rose 4%, and Bilibili (BILI. O) fell more than 5%.
On December 25th, U.S. stocks closed early on Tuesday due to the Christmas holiday. The Dow initially closed up 0.91%, the S & P 500 index rose 1.10%, and the Nasdaq index rose 1.35%. Technology stocks rallied, Tesla (TSLA. O) rose 7.36%, Broadcom (AVGO. O) rose 3.15%, and Netflix (NFLX. O) rose 2.27%. American Airlines Group (AAL. O) closed up 0.58% after the company grounded all flights due to technical problems. The Nasdaq China Golden Dragon index closed up 0.79%, NIO (NIO. N) rose 3.13%, an...
Bitcoin exchange reserves have plummeted to their lowest level in years, in a sign that investor confidence in long-term bitcoin holdings is growing. More than 171,000 bitcoins have been withdrawn from major crypto exchanges since Trump won the U.S. election on Nov. 5, according to CryptoQuant. The trend has reduced the liquid supply of bitcoin, indicating that investors are shifting their holdings to cold wallets, which may be part of their long-term strategy. Since 202...
Federal Reserve Chairperson Jerome Powell: The economy is not signaling that the Federal Reserve needs to rush to lower interest rates.
Fed chairperson Jerome Powell said the economy was not signaling that the central bank needed to rush to lower interest rates. Policy will gradually adjust to neutral levels, but the path of policy is not predetermined. Inflation is expected to continue falling towards the 2 per cent target, although this process may experience a "fluctuating" path.
Mr. Santiment said the sharp drop in mentions of the "October rally" suggested that traders had become more pessimistic about the market's ability to make money this month. The lack of optimism has, at least, opened the door to a short-term rally.
On September 24th, the U.S. stock market closed on Monday. The Dow index initially closed up 0.1%, the S & P 500 index rose 0.28%, both of which hit closing highs. The Nasdaq index rose 0.14%. Tesla (TSLA. O) rose 4.9%, Intel (INTC. O) rose 3.3%, and Apple (AAPL. O) fell nearly 1%. The Nasdaq China Golden Dragon index closed up 1.3%, Alibaba (BABA. N) rose 2%, and Mingchuang Youpin (MNSO. N) fell more than 16%.
The sharp drop in crude oil or the accelerated decline in inflation will not be ignored by the Federal Reserve. Harris seems to have "won", but the market still has to wait for 48H > >
U.S. stocks opened, the three major stock indexes opened higher, the Dow rose 1.02%, the S & P 500 rose 0.94%, and the Nasdaq rose 1.18%.
Barclays said the recent sharp rise in the yen showed that the currency was once again moving in sync with yield spreads, and that the yen would be boosted by its safe-haven status if global growth fears caused equities to fall. "The yen's rapid appreciation has been accompanied by a return to correlation with yields and equity prices," said Shinichiro Kadota, head of Japan FX and rates strategy at Barclays.
Leading indicators suggest this month's non-farm payrolls report may be lower than expected, with overall job growth likely to be between 125,000 and 175,000.
Investors have flocked to two-year Treasury issues in a sign that the market believes the Federal Reserve will start cutting interest rates this year. The $69 billion placement is in line with historical records, with win the bidding yielding 4.434%, more than two basis points below the pre-issue trading level at 1pm ET. This is the lowest yield for a two-year Treasury issue win the bidding since January. The size of the issue in January was 60 billion dollars. John Canavan, analyst at Oxford Ec...
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