A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. indexNDX, +3.38%, Heavily weighted toward megacap names, it was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low close …
Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market Read More »
In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen — a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know White a little better and find out his background and what drew him to the …
Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live Read More »
Text size Stock prices took off on Thursday morning. Here, a view from the New York Stock Exchange. Michael M. Santiago/Getty Images The market has had a great 2023 so far, but the rally may be here for a good time, not a long time. That doesn’t mean that investors can’t enjoy the ride. After …
Could a Recession Be a Positive for the Markets? Photo credit: Shutterstock December was tough on the markets, but they bounced back to begin the year. In January, all of the US indices showed gains, with international markets doing even better and bond markets having a strong rally. All in all, it was a good …
Could A Recession Be A Positive For The Markets? Read More »
Market route deepens in Indian tycoon Adani’s shares Adani Enterprises loses $26 bln in value since report Falls after Adani pulled share sale, investors spooked Analysts say signals confidence crisis in the Indian market NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about …
Adani’s market losses top $100 billion as shelved share sale spooks investors Read More »
ECB raises interest rates; Stoxx 600 gains up to 0.9% The European Central Bank announced it would raise its interest rate by 50 basis points, bringing its policy rate to 2.5%. The pan-European 600 index reacted by jumping from a 0.5% daily increase to 0.9% in the 15 minutes following the announcement. A chart to …
Oil futures drifted lower early Thursday after the US benchmark ended the previous session at a roughly three-week low following data that showed a continued build in crude inventories. price action West Texas Intermediate crude for March delivery CL.1, -0.65% cl00, -0.65% clh23, -0.65% fell 29 cents, or 0.4%, to $76.12 a barrel on the …
Goldman Sachs Analysts recently put out a report that predicts a 2008-style real estate correction for some areas of the United States that saw outsized home price appreciation which hasn’t been accompanied by similar growth in wages. The investment bank’s report mentioned San Diego, Phoenix, San Jose, and Austin as the four metropolitan areas most …
Home Prices May Collapse in One of American Homes 4 Rent’s Markets, But I Am Not Worried Read More »
Asia-Pacific stocks were mixed Thursday, Feb. 2, Japanese shares climbing for the second session. The Hang Seng Index HK:HSI of Hong Kong companies 0.5% to 21,958.36, while the Nikkei 225 Index dropped JP:NIK of Japanese companies gained 0.2% to 27,402.05. China’s Shanghai Composite Index CN:SHCOMP was flat at 3,285.67, while Singapore’s FTSE Straits Times Index …
Japanese stocks climb for the second day as Hong Kong stocks drop Read More »
By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 …
