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“#Dow set to tumble while oil spikes amid Ukraine war” Dow futures were down more than 400 points in pre-market trading on Monday while global crude blew past $100 a barrel as investors grappled with the fallout from Russia’s invasion of Ukraine. The markets reacted to bleak developments in Eastern Europe, where Russian President Vladimir…
“#Dow surges nearly 400 points on strong Goldman profits, retail spending” US stocks rose on Friday as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand. The Dow Jones Industrial Average rose 395.05 points, or 1.13%, to 35,307.61, the S&P 500 gained 35.98 points, or 0.81%, to…
“#Bitcoin down 12 percent this week as stock market wobbles” Bitcoin’s rough week just keeps getting worse. The notoriously volatile cryptocurrency was changing hands around $42,100 Wednesday morning, down 2.8 percent over the previous 24 hours and a whopping 12 percent since Sunday. That’s the lowest sustained bitcoin price since early August, according to Coinbase…
“#Wall Street notches record closing high on earnings, economic strength” Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. The S&P 500, the Nasdaq and the…
“#Dow rebounds more than 600 points after Monday’s virus-driven rout” The Dow rose more than 600 points on Tuesday, erasing most of a massive selloff that slammed the markets a day earlier on fears that the coronavirus’ new Delta variant could derail the economic recovery. In mid-morning trading, the Dow Jones industrial average was up…
“#Fed signals two interest rate hikes by 2023 as inflation soars” Federal Reserve officials held interest rates near zero on Wednesday, but sent the Dow tumbling as it signaled two rate hikes by the end of 2023 amid soaring inflation. The Dow Jones industrial average lost 300 points after the Fed said it could lift its…
“#US stocks jump after two weeks of losses, bitcoin up 13 percent” Stocks are broadly higher in morning trading on Wall Street Monday as investors regained an appetite for risk after the market notched two straight weeks of losses. The S&P 500 index was up 1.1 percent as of 11:20 a.m. Eastern. The Dow Jones…
“#Stocks hammered as sell off moves from tech to other sectors” Investors pulled back on stocks Tuesday as a sell-off that began in tech companies broadened to other sectors, sending the major US indices down. The Dow Jones Industrial Average tumbled about 450 points, or 1.3 percent, in mid-day trading. The S&P 500 was 0.8…
“#Dow crosses 34,000 mark as stocks head to new record highs” The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are…
“#Dow closes above 33,000 for 1st time after Fed’s upbeat projections” The S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero. It was the first time the…