Finance
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The S&P 500 (GSPC) and Nasdaq (^IXIC) have jumped for four consecutive days, led by tech stocks. August’s Producer Price Index came in line with expectations as inflation continues to cool ahead of the Federal Reserve’s first interest rate cut. Meanwhile, gold (GC=F) prices hit another record high and crude oil (CL=F, BZ=F) moves 3%…
Sopa Images | Lightrocket | Getty Images Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday’s presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris. The stock fell 3.6% over the day and closed at $16.07 per share — its lowest…
Traders work on the New York Stock Exchange floor on Sept. 9, 2024. Spencer Platt | Getty Images U.S. stock futures were little changed on Thursday evening as traders sought to shake off a sluggish September. S&P 500 futures inched lower by 0.02%. Futures tied to the Dow Jones Industrial Average hovered near the flatline,…
Tierney L. Cross / Bloomberg / Getty Images Federal Reserve Chair Jerome Powell, during an Economic Club of Washington event in Washington, DC, on July 15, 2024. Key Takeaways The Federal Reserve is set to cut interest rates at its policy meeting next week, but some economists wonder whether the central bank has waited too…
We started buying Home Depot shares last week as a play on housing and interest rates. Our initial 50-share buy was around $362. We bought 50 more shares Wednesday a few dollars higher. The Dow stock is having a mixed year — up about 7% compared to the S & P 500 ‘s more than…
Wall Street’s major market averages moved higher Thursday afternoon, driving to push past choppiness that followed wholesale prices rising above expectations and weekly jobless claims edging up. The S&P 500 (SP500) +0.4%, looking at a fourth consecutive gain. The Nasdaq Composite (COMP:IND) +0.8%, and the Dow (DJI) +0.3%, sloughing off an earlier loss. The key…
Deutsche Bank has some ideas on which stocks investors will want to hold if Kamala Harris comes out on top in November’s presidential election. Following Tuesday night’s debate , analyst Nicole DeBlase sent a note to clients looking at the themes and individual companies that stand to benefit from another four years of Democrats in…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The Federal Reserve is almost certain to start its rate-cutting cycle next week. Historically, a…
SHENZHEN, China, June 28, 2024 /PRNewswire/ — A grand event brought the attention of people from various industries, such as technology, finance, fashion, real estate, and culture, to Futian, Shenzhen. An ideal discussion commenced, merging AI with philosophy, art with science, happiness with future outlooks, and personal dialogues with the city. On June 5, the “Seed…