What you need to know on Thursday, May 6: Trading was boring across the forex market, with major pairs confined to limited intraday ranges. The dollar was the worst performer, falling lower against most of its main rivals. The shared currency was the exception to the rule, extending its weekly decline against its American rival […]
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S&P 500 Index opens modestly higher as tech stocks rally
The major Wall Street indices are trading mixed on Wednesday. Employment in the private sector continued to grow apace in April. The S&P 500 Technology Index is up 0.8% after the opening bell. After the fall of Tuesday, the main US stock indices They started the day on a mixed note Wednesday amid mixed results […]
I hope to be in a low interest rate environment for some time – Janet Yellen
United States Secretary of the Treasury Janet Yellen He said on Tuesday that he expects to be in a low interest rate environment for some time, but added that they have yet to make sure deficits remain manageable, Reuters reported. Featured statements “US President Joe Biden’s overall program will make a big difference to inequality.” […]
XAU / USD hits 2-month highs, remains below $ 1,800
Metals are having a volatile US session, testing psychological levels. Gold does not exceed $ 1,800 and loses momentum. The oro it is rising modestly on Tuesday, in a volatile session. The ounce jumped to $ 1,799, hitting a new two-month high, but then fell back, dropping to $ 1,790. At time of writing, it […]
Uncollected taxes amount to $ 7 trillion in a decade – Janet Yellen
United States Secretary of the Treasury Janet Yellensaid Tuesday that the president Joe Biden is tackling long-standing problems with the U.S. economy, reported Reuters. Featured statements “We have spent too much time allowing long-term problems to escalate.” “While Biden’s work and family plans are priced high, they are spread out over the years.” “Not everything […]
There are reasons to expect small gains in the coming years – CE
Global stock markets have seen something of a breakout lately. The S&P 500 has gained another 6% in April, putting it slightly above the 4,200 level. It may be tempting to think that equity markets could continue to rally along with them, but economists at Capital Economics believe returns in the coming years are likely […]
S&P 500 Index Opens Bearish Below 4,200, Energy Stocks Underperform
The major Wall Street indices opened lower on Friday. Energy stocks underperform under pressure from falling crude prices. The main stock indices They opened in negative territory on Friday as investors may be looking to post their earnings on the last day of the month. At time of writing, the S&P 500 Index was down […]
S&P 500 Index hits new all-time high above 4,200
The major Wall Street indices opened decisively higher on Thursday. The US economy grew stronger than expected in the first quarter. The S&P 500 Communications Services Index is up more than 2%. The main US stock indices They opened sharply higher on Thursday as investors applauded the upbeat macroeconomic data released. At time of writing, […]
S&P 500 rises to new record as Fed leaves rates unchanged and maintains strong support
The S&P 500 it rose to an all-time high on Wednesday, following the FOMC’s remarks. The Fed, as expected, left rates unchanged and remained committed to its bond purchase program. It is clear that the Fed sees that the economy is recovering, but it has some time left before a pullback from support is warranted. […]
S&P 500 opens little changed below 4,200, tech stocks underperform
The major Wall Street indices struggle to find direction. The S&P 500 Technology Index is down 0.8% after the opening bell. Energy stocks post strong gains supported by rising crude prices. The main stock indices They opened near Tuesday’s closing levels as investors remain on the sidelines ahead of the FOMC meeting and the release […]