Category: Index
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S&P 500, Dow surge to record highs as blue chip index gains over 700 points
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Investors are confident that the Federal Reserve will cut interest rates by the end of its meeting in September. As of Tuesday morning, markets were pricing in a 100% chance of a rate cut in September, According to CME FedWatch TooNo, up from 70% a month ago. The increased confidence…
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Argentina’s parallel peso strengthens on new economic measures, stock index plummets By Reuters
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BUENOS AIRES (Reuters) – Argentina’s black market peso strengthened against the U.S. dollar on Monday while local stocks suffered after new economic measures introduced by President Javier Milei’s government over the weekend took effect. Argentina’s economy minister on Saturday announced a plan to halt expansion of the monetary base in…
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S&P index moves back below record closing level
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Stocks fell and traded at new lows for the day. The S&P 500 has now fallen below its previous record close at 5633.92. The low just reached 5626.62 and is trying to rally back. The price has been trading above and below 5633.92 over the past few minutes of trading.…
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NASDAQ index bounces back strongly.The selling could not extend below key target yesterday
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Nasdaq pulls away from 50-hour moving average The Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45. As shown in yesterday’s video (“What Might Make the Nasdaq Fall Today and In the Future”), yesterday’s low broke…
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June US KC Fed manufacturing index -11 vs -1 prior
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The previous one was -1 The composite index is -8 versus the previous -2 “It is clear that inflation has forced the customer to make ‘either/or’ decisions on how to spend their money. We see that the value-added elements of the food sector are severely affected. Our business is not…
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Canada May producer price index 0.0% versus 0.5% estimate
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Previous month 1.5% was revised to 1.4% Producer prices rose monthly by 0.0% versus expectations of 0.5%. Year-on-year producer prices rose 1.8% versus 1.4% last month and were revised to 1.3%. This was the largest year-on-year increase since January 2023. Raw material prices on a monthly basis -1.0% compared to…
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Reuters Tankan report for June 2024: Manufacturing index +6 vs. prior +9
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The Reuters Monthly Tankan Survey is a guide to the Bank of Japan’s quarterly Tankan Survey. For June 2024: The Manufacturers Index is +6, from +9 in May Positive for the fourth month in a row Japanese manufacturers say their low confidence is due to high material costs. Non-manufacturers +31,…
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Pyth Network launches GMCI 30 crypto market index
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Pyth Network has announced the launch of the GMCI 30 Index Price Feed, making the GMCI cryptocurrency market price index accessible to over 60 blockchain ecosystems. This launch is a step towards providing smart contract and blockchain developers with real-time financial data. “We are pleased to announce that the Pyth…
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Pyth Network launches GMCI 30 crypto market index
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Pyth Network has announced the launch of the GMCI 30 Index Price Feed, making the GMCI cryptocurrency market price index accessible to over 60 blockchain ecosystems. This launch is a step towards providing smart contract and blockchain developers with real-time financial data. “We are pleased to announce that the Pyth…
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S&P index moves into negative territory
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The S&P has now moved into negative territory and is down -8.28 points or -0.15% at 5413. The low has reached 5412.02 so far. The Nasdaq is holding on to a gain of 24 points, or 0.14%, at 17,632. The Dow Jones Industrial Average is down -265 points, or -0.69%,…
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Schwab Trading Activity Index rises slightly in May (NYSE:SCHW)
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The Schwab Trading Activity Index (STAX), a measure that analyzes individual investors’ stock positions and trading activity from the Charles Schwab Index (New York Stock Exchange:SW) Customer accounts rose slightly to 49.05 in May from 48.87 in April, leaving the metric in the “moderately low” range. Schwab (SCHW) clients were…
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NASDAQ index rises by over 1%. Dow Industrial Average average flat
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All major US stock indices close higher during the day, but with different spreads. The Dow Jones Industrial Average closed almost unchanged at 39,069.58, up 0.01%. The S&P closed up 36.86 points, or 0.70%, at 5,304.71. It was reached just short of Tuesday’s record close at 5,321.42. The Nasdaq index…
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Forexlive Americas FX news wrap 17 May.The price of the DXY index closes below its 100W MA
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The British pound ended the US session as the strongest of the major currencies today. The Swiss franc is the weakest. The US dollar ended the day mixed with gains against the Japanese yen and Swiss franc and losses against the British pound, Australian dollar and New Zealand dollar. The…
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US Leading Economic Index (LEI) M/M -0.6% vs. -0.3% expected
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US LEI -0.6% vs -0.3% expected and -0.3% previous. “Another decline in US LEIs confirms that softer economic conditions lie ahead,” said Justyna Zabinska-La Monica, senior director of business cycle indicators at The Conference Board. “Deteriorating consumer expectations about business conditions, weak new orders, a negative yield spread, and a…