The Bitwise 10 ex Bitcoin Crypto Index Fund comprises 9 coins. These are Ethereum, Cardano, Solana, Bitcoin Cash, Chainlink, Litecoin, Uniswap, Polygon, and Stellar.
The US stock market remained timid on Wednesday for the third consecutive way. Wall Street investors are bracing for volatility ahead.
The US stock market remains under the dark clouds of rising delta variant cases which possibly derail the economic recovery. Market analysts ask to maintain caution.
Alibaba stock slid amid ‘common prosperity’ donation and increasing wave of regulatory clampdowns. Stocks on the Hang Seng Tech Index also plunged.
The Nasdaq Composite and S&P 500 have rallied 4% and 3% respectively this month of August. All eyes are currently on the unemployment data and job creation reports coming later this week on Friday.
Wall Street investors are eagerly waiting for the Fed’s commentary on the Jackson Hole symposium event scheduled later today. The Fed is most likely to taper the stimulus measures for the rest of the year.
The markets remained pumped up ahead of the Fed meeting on Thursday, where the central bank will discuss any stimulus tapering measures.
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Government officials claim that, based on a month-to-month basis, the CPI increased by 0.5 percent in the month of July alone.
Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season.
Ahead of the June earnings report by Apple, Wall Street analysts have deconstructed the market and provided their sentiments.
Besides concerns of Covid resurgence in the United States, food stocks including Domino’s are heavily bolstered by the second-quarter earnings results.
Dow Jones recovers all losses from Monday with two-day consecutive rallies. Interestingly, the bond market is also fuelling optimism on Wall Street.
Monday’s dip which represents accounts for one of the biggest drops in the Dow Jones in the past year was cushioned with the latest gains. However, the 30 stock index is still about 1.6% below its best level attained last week.
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