After hitting record highs in recent days, the S&P 500 just flashed an indicator for more gains ahead. On Tuesday, the index’s 50-day moving average of 5,846.34 closed above its 200-day moving average of 5,837.96, a bullish technical pattern known as a golden cross. It’s the first time the indicator has flashed since February 2023….
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
Jakarta. Hong Kong registered double-digit yearly growth in Indonesian tourists in 2024, according to the global financial center’s tourism board. The government-subverted Hong Kong Tourism Board (HKTB) revealed Friday that Indonesia had become a “key source market” for the vibrant city’s travel industry. Hong Kong recorded 366,973 Indonesian tourist arrivals in January-December 2024, up 42…
Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. U.S. stocks mostly fell in early trading Tuesday, extending…
The S&P 500 and Nasdaq 100 are hovering near their 200-day moving averages, a key technical support level. The 200-day moving average is an important indicator of potential trend reversals in stocks. Traders believe an immediate bounceback is needed for stocks to avoid further declines. The stock market has entered the danger zone as the…