The US stock indices jump in early morning trade as the market prepares for a near-term lift before the quarter closing.
The Hang Seng index in Hong Kong advanced on the back of Chinese tech stock increases. There were also rallies in the US and the APAC region.
European stocks continue to crumble as the markets keep struggling to float above the waters and absorb possible recession fears.
Inflation in the UK reached a 40-year high of 9.1% in May as food and energy prices continue to increase.
European stocks have been on a free fall in the early morning trade on Wednesday. Financial firms from Europe say that the region is heading towards an impending recession.
Futures tied to the Dow, as well as other leading indexes, declined early Wednesday as the market rebound fizzled out.
US indices posed a recovery on Tuesday, however, investor confidence hasn’t resumed as the health of the US economy looks bleak amid soaring inflation and quantitative tightening.
With the growing imbalance in the global economy, the Asia-Pacific stocks saw a better trading day on Tuesday as most indices close up positive.
After last week’s bloodbath, US indices bounce back in early market trade on Tuesday. All eyes will be on the Fed meeting the U.S. Congress ahead of this week.
The broader concerns of stakeholders in the airline industry can be attributed to the fears of recession.
Qualcomm investors in the United States seem not to be confident in the news yet as the company’s shares are down.
The decision of the Federal Reserve to raise its benchmark interest rates three-quarters of a percentage point caused US stocks to advance.
JPMorgan estimates a substantial decline in Coinbase trading volumes and cut its rating on the exchange’s stock to neutral from overweight.
Business intelligence company MicroStrategy saw its stock price drop 23% after its Bitcoin holdings took a hit from the general crypto slump.
General Motors has plans to develop more price versions of its large SUVs and Silverado pickup.