Category: Trading

August 18, 2023

After weeks of listless trade and low turnover, volatility returned to the cryptocurrency market with a bang Thursday when the market slumped in minutes with little in the way of support seen to stem the fall. Bitcoin went into freefall […]

August 16, 2023

U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch […]

August 15, 2023

Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member John Owen would assume the role of interim chief executive. Turnstone Biologics — Stock in the biotechnology company slipped 2.3% in premarket trading. […]

August 10, 2023

On the daily charts, despite the recent softness, BTC/USD has managed to hold quite strong support around 28500, roughly coinciding with the 89-day moving average and the lower edge of the Ichimoku cloud on the daily charts. BTC/USD 240-Minutes Chart […]

August 8, 2023

US stocks opened lower on Tuesday, with the Dow shedding almost 300 points as investors assess Moody’s downgrade of 10 small and mid-sized US banks. Moody’s slashed the credit ratings on the banks on Monday, while also placing several other […]

August 3, 2023

US stocks fell further on Thursday as bond yields continued to climb following Fitch’s US credit downgrade earlier this week. The rating agency slashed the US’s long-term credit rating from the top-tier AAA score to AA+ late Tuesday. The 10-year […]

August 1, 2023

U.S. stocks were mixed this morning, with the Dow Jones trading slightly higher on Tuesday. Following the market opening Tuesday, the Dow traded up 0.03% to 35,568.68 while the NASDAQ fell 0.57% to 14,264.52. The S&P 500, also fell, dropping, […]

July 21, 2023

American Express slid 3% after posting smaller-than-expected revenue for the previous quarter, even as earnings per share beat expectations. The company reported second-quarter earnings of $2.89 per share on revenue of $15.05 billion. Analysts polled by Refinitiv had expected per-share […]

July 17, 2023

Shares of the automaker fell 5.94% after the company said prices on its electric F-150 Lightning pickups would fall as much as $10,000. All versions of the electric vehicle will get price cuts of at least $6,000 as Ford works […]

July 11, 2023

US stocks climbed on Tuesday as traders weighed comments from Federal Reserve officials a day earlier and braced for an important inflation reading to drop on Wednesday. The Fed’s Mary Daly and Loretta Mester both indicated on Monday that they […]

July 7, 2023

The buy-the-dip regime in stocks is back – and investors should take advantage of the recent pullback in equities as the economy is expanding, according to Fundstrat’s head of research Tom Lee. Lee, who has been bullish on stocks for […]

July 7, 2023

US stocks dipped on Friday after the latest jobs report showed hiring cooled in June but wage growth remained hot, providing a mixed bag of data for the US central bank to sift through as it heads into its next […]

July 6, 2023

Stocks closed lower after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 fell 0.8% Thursday. The Dow lost 366 points, or 1.1%, and the Nasdaq fell 0.8%. While a sturdy labor market keeps […]

July 5, 2023

Shares slipped in Asia on Thursday after Wall Street drifted downward following a rally that sent it roaring 16% higher for the year so far. Hong Kong’s Hang Seng index dropped 3% on heavy selling of Chinese banks shares after […]

June 29, 2023

US stocks edged higher Thursday as markets digested economic data and bank stress tests by the Federal Reserve. The S&P 500 has gained about 6.5% in the quarter, and is on track for its third consecutive quarter of gains. In […]

June 27, 2023

Wall Street rallied Tuesday after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 1.1% to resume an upward climb that had carried it earlier this month to its highest level in […]

June 22, 2023

Stocks are drifting on Wall Street as central banks cranked up interest rates in their ongoing fight against inflation. The S&P 500 rose less than 0.1% in afternoon trading Thursday. The majority of stocks in the benchmark index were slipping, […]

June 14, 2023

Wall Street swung to a mixed finish after the Federal Reserve hinted it may raise interest rates two more times this year, even as it held them steady Wednesday. The S&P 500 finished the day 0.1% higher after pinballing between […]

June 12, 2023

Investors should brace for a potential slump in US stocks, as this year’s rally looks increasingly unsustainable given the risk of higher interest rates, according to Wells Fargo’s global market strategist. The benchmark S&P 500 share index is up about […]

June 8, 2023

First-time investors in cryptoassets should be offered a 24-hour cooling-off period by those marketing them, according to the City regulator. A new advertising crackdown being launched by the Financial Conduct Authority (FCA) will mean firms marketing cryptoassets to UK consumers […]