category: Macro Economic Events – Charm

Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What’s Driving Markets Tuesday? – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…

Trump’s Proposed Tariffs Target Mexico, Canada, US Automakers; Wall Street Shrugs Off Concerns, Soars To Record Highs: This Week In The Markets – General Motors (NYSE:GM), iShares Russell 2000 ETF (ARCA:IWM)

Cs news2 months ago2 months ago04 mins

In a shortened trading week for the Thanksgiving holiday, President-elect Donald Trump sent shockwaves through the markets by announcing plans to impose a 25% tariff on all imports from Mexico and Canada alongside a 10% hike on Chinese goods. These measures, he indicated, aim to pressure these countries to address drug trafficking and illegal immigration….

Small Caps Rally, Gold Poised For Best Week Since March 2023, Bitcoin Tops $99,000: What’s Driving Markets Friday? – Copart (NASDAQ:CPRT)

Cs news3 months ago3 months ago04 mins

Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their recent streak of dominance. Fresh business surveys highlighted a notable health in the U.S. economy, with private sector activity recording its strongest…

Trump Rally Fades As Investors Await Powell’s Remarks, Bitcoin Drops Below $90,000: What’s Driving Markets Thursday? – Applied Mat (NASDAQ:AMAT)

Cs news3 months ago3 months ago03 mins

Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET. Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded…

Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market – Apple (NASDAQ:AAPL), SPDR Gold Trust (ARCA:GLD)

Cs news4 months ago4 months ago04 mins

Wall Street powered ahead this week as stronger-than-expected bank earnings and upbeat guidance pushed the S&P 500 and Dow Jones Industrial Average to record highs. The September retail sales report positively surprised expectations, while a notable drop in weekly jobless claims reinforced the perception that the U.S. economy remains strong. This momentum has led some…

Wall Street Marks New Highs As Bank Stocks Rally, Tesla Tumbles As Robotaxi Disappoints: What’s Driving Markets Friday? – Affirm Holdings (NASDAQ:AFRM)

Cs news4 months ago4 months ago05 mins

Friday’s trading session saw another robust rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average both reaching new record highs, fueled by better-than-expected third-quarter earnings from major U.S. banks. The S&P 500 surged past 5,800 points, while the Dow Jones Industrial Average climbed above 42,800. Leading the charge were top U.S….

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news4 months ago07 mins

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…