Category: Latest News
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Fed Raises Interest Rates By Another Quarter Point, Hints At Potential Pause
In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by another quarter point. The Fed decided to raise the target range for the federal funds rate by 25 basis points to 5 to 5.25 percent, making the tenth straight rate hike. The unanimous decision to continue raising…
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Crypto this Wednesday: Sotheby’s launches on-chain secondary NFT Market, US Treasury proposes DAME tax, and more
PEPE’s Liquidity Pool becomes more active on Uniswap PEPE (COIN:PEPEEUSD), the hype-fueled meme coin that has jumped more than 2,100% in price since it debuted last month, has been sparking interest on decentralized exchange Uniswap. Uniswap’s version (v)2 and v3 liquidity pools for PEPE-WETH were the most active liquidity pool contracts by number of transactions over…
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U.S. Markets Muted Ahead Of Fed Meeting
After ending the previous session sharply lower, stocks are turning in a relatively lackluster performance during trading on Wednesday. The major averages are showing only modest moves on the day. Currently, the major averages are turning in a mixed performance. While the Dow is down 56.45 points or 0.2 percent at 33,628.08, the S&P 500…
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U.S. Stocks May Regain Ground Ahead Of Fed Announcement
US Market The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may look to pick up stocks at reduced levels on the heels of the steep drop seen on Tuesday, although trading activity may…
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Wednesday’s Wall Street Highlights: AMD, Starbucks, Yum Brands, CVS Health and Private Payrolls
Main subjects of the day US index futures rose on Wednesday morning, recovering from the eve’s losses, with investors bracing for the Fed’s decision on interest rates. By 8:21 AM, Dow Jones futures were up 60 points, or 0.18%. S&P 500 and Nasdaq-100 futures were up 0.29% each. At 8:28 am, the 10-year Treasury bond yield was trading at 3.413%. The 2-Year Treasury traded…
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Wall Street Set To Open Positive
The Fed’s monetary policy announcement and earnings might be the major focus on Wednesday. On the earnings front, Advanced Micro Devices, Clorox, Ford, and Starbucks are the companies releasing their quarterly results today. Early signs from the U.S. Futures Index suggest that Wall Street might open positive. Asian share finished mixed, while European shares are…
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North American Morning Briefing: Traders Await Fed, Powell Clues
Market Wraps Watch For: ADP National Employment Report for April; ISM Report on Business Services PMI for April; EIA Weekly Petroleum Status Report; Fed interest-rate decision; earnings from Kraft, CVS Health Today’s Headlines/Must Reads – With Fed Set to Raise Rates, Executives Watch Consumers for Signs of Stress – How European Economies Are Finding New…
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US Futures, European Stocks Rise Ahead of Fed Rate Decision
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.3% in morning trading. Etablissementen Franz Col added 10.6% and UniCredit rose 5.2%. On the…
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Lufthansa Confident On Outlook, Stellantis Backs Targer, BNP Paribas Boosted
Lufthansa Confident on Outlook Despite First-Quarter Miss Lufthansa confirmed its capacity and earnings forecasts for the year, fuelled by an expected strong summer travel season, but reported below-consensus earnings and revenue in the first quarter. Stellantis Backs Targets After Sales Rise Stellantis confirmed its full-year guidance after reporting a 14% rise in revenue in the…
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Looming Fed Decision Contributes To Sell-Off On Wall Street
Stocks moved sharply lower during trading on Tuesday, with the major averages adding to the slim losses posted during Monday’s session. The major averages all showed significant moves to the downside on the day. The major averages recovered from their worst levels of the day but still posted steep losses. The Dow tumbled 367.17 points…