The U.S. stock market is soaring to new heights, driven by a shift in investor sentiment following the Federal Reserve’s recent interest rate cut. Investors are moving swiftly into riskier assets like tech stocks and cryptocurrencies, bolstered by optimism surrounding the Federal Reserve’s decision to reduce rates by half a percentage point last week. Record-Breaking […]
New York (Sept. 23, Reuters) – U.S. stock markets closed with modest gains on Monday as investors continued to analyze the Federal Reserve’s recent decision to cut interest rates and assess the central bank’s next moves.  Dow Jones Industrial Average rose by 61.29 points, or 0.15%, to 42,124.65, while the S&P 500 gained 16.02 points,
U.S. stocks soared to record highs on Thursday, with the Dow Jones Industrial Average (^DJI) closing above the 42,000 level for the first time, driven by optimism surrounding the Federal Reserve’s recent interest rate cut.  Fed’s decision to reduce rates by 50 basis points has sparked hopes of a “soft landing” for the economy, fueling
New York, NY — September 18, 2024: After a 14-month pause in adjusting U.S. interest rates, the Federal Reserve is widely expected to announce a rate cut this Wednesday, following its two-day Federal Open Market Committee (FOMC) meeting. This marks the first potential reduction since the central bank raised rates to the 5.25% to 5.5%
In a highly anticipated report, the Consumer Price Index (CPI) revealed inflation cooled to 2.5% in August, the lowest rate since February 2021. However, a slight uptick in core inflation—a key measure that excludes food and energy prices—raised concerns on Wall Street.  0.3% monthly increase in core inflation exceeded economists’ forecasts and prompted traders to
U.S. economy added 142,000 jobs in August, coming in below expectations, while the unemployment rate dropped slightly to 4.2%, according to the latest report from the Bureau of Labor Statistics (BLS) released Friday. Economists had forecast a gain of 165,000 jobs for the month, but labor market growth came in lower than anticipated, pointing to
Global markets took a hit on Wednesday as concerns over the world’s largest economy deepened, following subdued US manufacturing data and significant losses in the tech sector. UK shares opened lower, following drops in Asian and US markets. By midday, the FTSE 100 index had fallen by 0.55%, reflecting a broader downward trend in Europe.
Eugene Fama, one of the most influential financial economists of our time, has made a lasting impact on the field of finance with his Efficient Market Hypothesis (EMH). Fama, a professor at the University of Chicago, developed this idea in the 1960s, positing that stock market prices reflect all available information at any given time.
Nvidia’s journey over the past two years has been nothing short of a financial roller coaster. As the primary beneficiary of the artificial intelligence (AI) surge, Nvidia saw its market capitalization skyrocket nearly ninefold since late 2022. This meteoric rise, which saw the company briefly become the world’s most valuable public entity in June, has
In a much-anticipated address at the Federal Reserve’s annual Jackson Hole symposium, Fed Chair Jerome Powell laid the groundwork for potential interest rate cuts, signaling a shift in the central bank’s focus as inflation shows signs of moderation. However, Powell refrained from providing specific details on timing or extent of se cuts, emphasizing that future
