The major criticism of the 2023 stock surge is that it is based on a handful of corporations that profit from hype. That critique has recently suffered. The best week for small-caps since March and a thrashing of the S&P 500 by a version of the same index that removes market-value biases were hints of … Read more
As investors approached the end of a strong quarter, Wall Street rose, while the dollar weakened due to statistics suggesting success in the Federal Reserve’s attempts to control inflation. The three main U.S. stock indices all experienced a significant increase and were expected to increase on a weekly, monthly, and quarterly basis. Ryan Detrick, chief … Read more
On the final day of June in 2023, there was a notable surge on Wall Street as all three major indexes achieved unprecedented highs. The Nasdaq index, which focuses on technology stocks, accomplished a remarkable feat by recording its largest gain in the first half of a year in four decades. Contributing to this exceptional … Read more
As we approach the latter part of 2023, investors in the US stock market are facing several important inquiries. These questions arise amid the market’s positive performance in the first half of the year, despite various obstacles. The S&P 500 and Nasdaq Composite have experienced significant gains, exceeding expectations. Historical data suggests that a strong … Read more
An Untimely Acquisition Royal Bank of Canada (NYSE:RY)(TSX:RY:CA) has proposed a $13.5 billion takeover of HSBC Canada. HSBC Canada, the country’s seventh-biggest bank, would make the largest domestic bank acquisition in Canadian history. Royal Bank appears to have made a terrible decision at a time when the Canadian banking industry is experiencing historic amounts of … Read more
Due to high crude oil prices in the Asian trade, the local currency depreciated quickly Early on Friday, the rupee was nearly unchanged versus the US dollar, trading at 82.02, as local stocks rose and crude oil prices firmed. The strong crude oil prices in the Asian trade caused the rupee to open weak at … Read more
The robust economic data fueled expectations that the US central bank would maintain a tight monetary policy for a longer period. This sentiment was reinforced by hawkish comments from Fed Chair Jerome Powell. Traders were pricing in an 86.8% chance of a 25 basis points interest rate hike to the 5.25%-5.50% range at the July … Read more
As investors anticipated the most recent information on personal consumption expenditures, the Federal Reserve’s preferred inflation barometer, U.S. equity futures were barely moved on Thursday evening. The Dow Jones Industrial Average futures moved down by 26 points, or 0.08%. NASDAQ 500 futures Nasdaq 100 futures were barely above the flat line as the index declined … Read more