Bitcoin Price Stuck at $41K as Traders Eye Fed Rate’s Decision
As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours.
Dow Jones Rallies 500 Points while Bitcoin Remains Flattish
Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings.
US Equity Indices Make Strong Comeback with Dow Jones Gaining 400 Points
US equity market remains upbeat and optimistic ahead of the CPI data release for the month of July 2023.
US Equities Enter Sharp Correction after Fitch Downgrade, Nasdaq Tanks Over 2%
After a strong rally in growth stock and other tech companies, analysts are advising investors for a sectorial rotation to defensive stocks.
Dow Jones (DIJA) Concludes 13-Day Rally Last Seen 36 Years Ago
By
Tolu Ajiboye
The DIJA rally is going strong and withstanding pressure from sentiments surrounding the Fed’s increase in interest rates.
S&P 500 and Nasdaq Touch Their 15-Month High with Easing Inflation
Technology stock popped up on Wednesday with easing yields. Analysts still expect the Federal Reserve to proceed with a rate hike later this month.
Apollo among Investors Eyeing $73.6 Billion of Loans Held by SVB
In other SVB-related news, the Financial Group, which was the holding company of SVB, is exploring ways to sell off its other units.
Coinspeaker Advent Calendar: Dow Jones Predictions 2023
The current climate is impacting the Dow Jones, and the average forecast for the index in 2023 is not very optimistic.
Cathie Wood’s Ark Invest Purchases Over 176K GBTC Shares at $1.5M
By
Tolu Ajiboye
Amid the crypto bear market, Ark Invest has acquired an additional stake in GBTC, spending over $1.5 million on more than 170,000 shares.
Dow Jones Gains More than 300 Points on Good Q3 2022 Earnings Reports
By
Tolu Ajiboye
Following strong earnings reports from several financial companies, the Dow Jones Industrial Average is currently rallying.
US Stock Futures Jump 1% as Dow and S&P 500 Hit Lows Below 2020 Levels
After five straight sessions of negative closing, the US equity indices are recovering in the early trading on Tuesday.
US Treasury Yields Climb amid Continued Investor Assessment of Looming Recession
By
Tolu Ajiboye
US Treasury yields for 2, 10, and 30 years were all trading higher on August 1 as investors brace for more earnings reports and economic data.
S&P 500 Dives Further into Bear Market Territory, All Eyes on Fed Meeting on Wednesday
The US 10-Year Treasury Yield has shot to an 11-year high at 3.48%. Any further surge in bond yields is likely to drag the market down.
Coinbase Announces Cost-Cutting Measures in Response to ‘Market Conditions’
By
Darya Rudz
The announcement comes just two weeks after Coinbase launched an initiative to cut down on spending in an effort to grow revenue. As its Q1 2022 results have shown, the exchange incurred a net loss of $430 million in its first-quarter earnings as well as saw its stock plunging.
Hang Seng Index Recorded Losses in Consonance with US Stock Market
Stocks in the Asian market are largely seeing a bad day as the shares of tech giants buckled under the realities in the broader global market.