Category: Gain
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S&P 500, Nasdaq gain to kick off huge week for markets
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U.S. stocks rose after temporarily turning negative on Monday to start a big week filled with the Federal Reserve’s interest rate decision, a jobs report and big tech earnings. The Dow Jones Industrial Average (^IXIC) recovered from earlier losses to hover near the equator, after the blue-chip index surged more…
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Simon Property closes 7th straight session of gain as most REITs advance on rate cut hopes
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jetcityimage/iStock Editorial via Getty Images Simon Real Estate GroupNYSE:SPG) closed a seventh straight session of gains on Tuesday, July 16, as real estate investment trusts saw a fresh surge in stock prices on the back of economic data supporting the case for interest rate cuts. The arrow is finished Trading…
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South Korean Crypto Gain Taxation May Be Delayed Until 2028 Amidst Investor Concern
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The South Korean government’s plan to implement a 20% cryptocurrency gains tax has faced repeated delays, with the latest proposal suggesting it be postponed until 2028. This potential seven-year delay to South Korea’s crypto tax has sparked debate about the country’s approach to regulating cryptocurrencies and the impact on the…
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Crude oil scores fourth straight weekly gain as U.S. data indicates solid demand
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SlavkoSereda/iStock via Getty Images Crude oil futures fell on the day while recording a fourth straight weekly gain, supported by a much larger-than-expected drawdown in U.S. crude inventories, renewed hopes that the U.S. Federal Reserve will start cutting interest rates soon, and rising geopolitical risks in the United States. The…
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Real estate stocks edge down, while major market averages gain marginally (NYSEARCA:XLRE)
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the horror Real estate stocks fell in the week ending June 21 after mixed economic data and the latest housing market update, while the major market averages rose marginally. Selected Real Estate Sector Fund SPDR Fund ETF (NYSEARCA:XLRE) I finish Shortened vacation week 0.13% Lower at $38.48. The fund posted…
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Stocks gain, US yields decline after retail sales data By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight session on Tuesday and U.S. Treasury yields fell after a lower-than-expected report on consumer spending, while investors digested comments from several Federal Reserve officials on interest rates. The US Commerce Department said…
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Crypto Market Experts Say Dogecoin ETF Is Coming As Meme Coins Gain Ground
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Two leading experts in the cryptocurrency market shed light on the future Meme coins This market cycle, expect the potential launch of Dogecoin exchange-traded fund (ETF) almost. Crypto heavyweights confirm a Dogecoin ETF is coming Co-Founder of BitMEX, Arthur Hayes CEO and Co-Founder of Real Vision, Raoul Pal appeared recently…
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This stock is up 16% in premarket trading and could continue to gain By Investing.com
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Investing.com – I realize this might get repetitive, but another one of June’s AI picks is gaining big time in pre-market trading today. Adobe Systems Incorporated (NASDAQ:), part of the Beat the S&P 500 strategy for June, rose 16% in pre-market trading after posting strongly and providing better full-year 24…
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US stocks mixed; S&P 500, Nasdaq gain after soft PPI release By Investing.com
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Investing.com — U.S. stock trading was largely higher, as further signs of slowing inflation raised expectations for a rate cut from the Federal Reserve. At 06:20 EST (10:20 GMT), it was down 150 points or 0.4%, while trading 10 points or 0.2% higher and up 100 points or 0.6%. Benign…
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Sterling set for fifth weekly gain against euro after shock French election call By Reuters
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LONDON (Reuters) – The pound is headed for its fifth weekly gain against the euro on Thursday, after hitting its highest levels in almost two years against the single European currency, which was rocked by political uncertainty in France. The euro fell to its lowest level against the pound since…
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Forexlive Americas FX news wrap 24 May; USD moves higher. Nasdaq &S&P gain for 5th week
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As the week comes to a close, the Canadian dollar ends the day as the strongest among the major currencies. The Swiss franc is the weakest. The US dollar was mostly lower with modest gains against the Japanese yen and Swiss franc. The Canadian dollar rose despite lower-than-expected retail sales…
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European chipmakers gain after Nvidia posts soaring revenues By Investing.com
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Investing.com – Shares of European chipmakers rose on Thursday, boosted by quarterly results from AI-focused semiconductor group Nvidia (NASDAQ:) that beat high expectations. Nvidia’s revenue in the three months through April 28 rose 262% from a year ago to $26 billion, beating Wall Street estimates of $24.7 billion. In the…
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AMD shares gain on cloud adoption, Citi maintains $176 target By Investing.com
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On Friday, Citi maintained a Buy rating and $176.00 price target on Advanced Micro Devices, Inc. (NASDAQ:). The company’s positive stance comes on the heels of a recent development where Microsoft (NASDAQ:) announced that it will integrate AMD’s MI300 AI chips into its cloud offerings, a move that also includes…
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Budget boss loses fight to gain access to county accounts
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The budget comptroller lost his attempt to monitor counties’ bank accounts in real time, derailing efforts to tame irregularities that have cast a shadow over how devolved units pay contractors and other bills. The matter, which pits the Office of the Comptroller of Budget against the Treasury, the Central Bank…
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Bitcoin stands to gain from U.S. fiscal dominance, Trump victory: StanChart
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Da-kook/E+ via Getty Images There is a growing risk of financial dominance in the US, with rising debt and deficits likely to be on an unsustainable path, and that should be good news for Bitcoin (BTC-USD), according to Jeff Kendrick of Standard Chartered Bank. Donald Trump wins the presidential election…
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US Stock Futures Gain as Rates Relief Sets In: Markets Wrap
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(Bloomberg) — U.S. stock futures rose as traders took comfort from the Federal Reserve’s signal there is no plan to raise interest rates and looked forward to Apple Inc.’s upcoming earnings. Most read from Bloomberg S&P 500 futures rose 0.7%, with Apple and Amazon.com Inc. Nvidia Corp. gains small in…