Category: Selloff
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Worst of market selloff might be over but hold on tight, Goldman says By Reuters
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SINGAPORE (Reuters) – After a turbulent week in global markets, the worst of the sell-off may be over but investors need to “keep a tight rein on big directional bets for now,” Tony Pasquarello, Goldman Sachs’ global head of hedge fund coverage, said. In a note to clients on Wednesday…
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Dow jumps 285 points as traders try to extend comeback from big sell-off
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Lucky Photographer/Shutterstock U.S. stocks rose on Wednesday as traders tried to extend a rally that began on Tuesday following a recent sell-off. The Bank of Japan indicated that it will pause interest rate hikes in the near term, boosting investor sentiment. Major stock indices, with the Dow Jones up about…
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Nvidia, chip stocks rebound as Piper Sandler calls out ‘tremendous opportunity’ after sell-off
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Nvidia (NVDA) stock rose slightly on Wednesday amid broader gains in chip stocks after Piper Sandler analysts told investors there was a “huge opportunity” to buy the chip giant’s shares after they fell more than 25% from recent highs. “Fundamentally, NVDA remains the strongest player in AI acceleration,” wrote Harsh…
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Global stocks rebound from sell-off; Treasury yields, dollar higher By Reuters
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By Sinead Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – Stocks around the world rebounded on Tuesday from a sharp sell-off the previous day, while Treasury yields rose and the dollar firmed slightly as investors returned to riskier assets and central banks responded to recession fears. Oil prices rose on…
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TA of the Day: Gold Drops Amid Global Market Sell-Off But Bounces. Will the Uptrend Resume?
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Despite being considered a safe haven, gold has not been immune to Market sentiment shifts to a major risk aversion With market participants selling assets on a massive scale. Backed by recession fears and Clearing the global pregnancy tradeGold fell more than 1% today, reaching $2,410 an ounce. The sell-off…
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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ForexLive European FX news wrap: Broader market selloff intensifies to start the week
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headlines: Markets: Japanese Yen Advances, Australian Dollar Lags During the Day European stocks fell about 3% across the board; S&P 500 futures fell 3.2%. The yield on the 10-year US Treasury note fell 7.7 basis points to 3.719%. Gold falls 2.4% to $2,384.72 West Texas Intermediate crude fell 1.9% to…
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Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
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Real supportIndependent Press Find out moreClose Our mission is to provide unbiased, fact-based reporting that holds power to account and exposes the truth. Whether it’s $5 or $50, every contribution counts. Support us to provide journalism without an agenda. Major stocks fell sharply on Wednesday after several companies reported disappointing…
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Wall St bounces back after sell-off as Biden exit takes center stage By Reuters
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By Ankika Biswas, Shubham Batra and Lisa Pauline Mattakal (Reuters) – U.S. and Australian stocks recovered some of the previous week’s losses on Monday, as investors reconsidered Republican candidate Donald Trump’s chances of winning a second presidential term after U.S. President Joe Biden dropped out of the race. Biden announced…
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‘Epic’ tech selloff will continue unless mega cap Tech lifts revenue guidance: GS By Investing.com
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The massive momentum reversal in favor of small-cap stocks at the expense of large-cap stocks is likely to continue, according to strategists at Goldman Sachs. Last week, small-cap companies posted a historic weekly performance versus large-cap companies, attributed to several factors, including slowing inflation and expectations that the Federal Reserve…
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Mt. Gox moves 96.39k Bitcoin to unmarked addresses, fueling selloff concerns
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Addresses affiliated with the recently bankrupt Mt. Gox exchange have transferred 96,396 Bitcoin (BTC) worth over $6 billion to three unmarked wallets, raising concerns of a selloff amid ongoing creditor repayments. Data Market analytics firm Arkham Intelligence notes that these transactions occurred over a two-hour period. It is worth noting…
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Ethereum Seen Hitting $5,000 as Bitcoin Sell-off Shakes Market
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Ethereum has shown a certain degree of resilience in the face of extreme volatility in the broader crypto landscape, Keeping the ground above $3000 A week in which Bitcoin stumbles under the weight of German economic policies. Related reading Ether holders are closely watching the significant changes taking place in…
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Germany’s Bitcoin Sell-off Of Seized 50K Bitcoin Is Over After 23 Days
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The cryptocurrency market has been buzzing with news of the German government’s recent sale of its large Bitcoin (BTC) holdings. The story, which unfolded over the course of 23 days, has had a significant impact on the broader digital asset landscape, raising questions about the long-term implications for the price…
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Germany’s Bitcoin Sell-off Of Seized 50K Bitcoin Is Over After 23 Days
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The cryptocurrency market has been buzzing with news of the German government’s recent sale of its large Bitcoin (BTC) holdings. The story, which unfolded over the course of 23 days, has had a significant impact on the broader digital asset landscape, raising questions about the long-term implications for the price…
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TA of the Day: Will USD/JPY Bounce After Sharp Sell-Off?
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There was a significant decrease in USD/JPY Today after the release of weaker-than-expected US CPI data Will USD/JPY bounce back after this sharp sell-off? you welcome in Teaching Assistant for Today (Tauted)! Here is the 4-hour chart: USD/JPY 24/7 Chart by TradingView Using the technical analysis concepts we covered in…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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German Government Continue Bitcoin Sell-Off, Sparking Market Volatality Bitcoin Trading At $58K
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In a move that has shocked the cryptocurrency market, the German government has continued to sell off its Bitcoin (BTC) holdings over the past few weeks. This massive liquidation, worth nearly $1 billion worth of Bitcoin, has put significant selling pressure on the world’s largest digital asset, contributing to a…
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Micron’s Selloff Highlights Risk of Sky-High AI Expectations
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(Bloomberg) — Micron Technology Inc.’s sell-off sent… Yet the results are a fresh reminder to global investors about the risks inherent in bets on AI chip makers. Most read from Bloomberg Days after leading artificial intelligence chip maker Nvidia Corp fell nearly half a trillion dollars, Micron shares fell about…
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Mass Sell-Off Sends BTC Price Tumbling To $62,000
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The winds of change are blowing through the Bitcoin blockchain. Since the April 19 halving, a pre-programmed event that halves miners’ rewards, the digital gold rush has hit a snag. Miners, the lifeblood of the network charged with verifying transactions and securing the blockchain, face a harsh reality — their…