Cryptocurrency Analysis and News Portal
Investors will be eyeing major announcements ahead this week such as jobs report, Federal Reserve rate decision, and Apple’s earnings. On Monday, October 30, the Dow Jones Industrial Average (INDEXDJX: .DJI) gained by over 511 points or 1.58%, ending the trading at 32,928.96. This was the biggest single-day gain market by
Read More
Rise in the US Treasury Yields put pressure on the market resulting into bearish weekly start on Wall Street. Yields surge past 5% with Fed planning for higher-than-longer interest rates. Macro pressure continues to hover over Wall Street as the 10-year US Treasury yields surged higher even today on Monday,
Read More
Data released by the Labor Department show that CPI for September increased higher than expected, with several prices up from August. According to figures published by the Labor Department, the prices of goods and services increased quicker than expected in September. The consumer price index (CPI) rose 0.4% in September and 3.7% compared
Read More
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto. On Tuesday, October 3, the US equity market came under major selling pressure as the US 10-year Treasury Yield surged to the levels last seen 16 years
Read More
The S&P Dow Jones is removing Adani from its index, further adding to the Indian conglomerate’s mounting woes. Dow Jones has announced plans to remove embattled Indian multinational conglomerate Adani Enterprises from its sustainability index. According to the Dow Jones, Adani’s removal will take effect from Tuesday, February 7th.“Adani Enterprises will be removed
Read More
When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures. The United States stock market is seeing a great deal of mixed activity with the futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) soaring up by inching upward
Read More
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates. Following a brief break this week, the Dow Jones Industrial Average and other stocks dipped on Thursday, with a year-end selloff returning to Wall Street. This is barely a week after
Read More