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Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday?
2024 May 20, 1:34pm | 982Wall Street kicked off the new week on a high note, with all major U.S. indices posting gains and reaching fresh record highs by midday trading in New York, as the bull market momentum remains strong. The S&P 500 index surged to 5,325 points during the session, matching last Thursday’s...
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Gold Hits New Record High
2024 May 20, 9:33am | 529By RoboForex Analytical Department On Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong investor demand for safe-haven...
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Nasdaq, S&P 500 Futures Keep Head Above Water Ahead Of Fed Speeches: Analyst Says Market-Boosting Themes 'Firmly In Place'
2024 May 20, 7:48am | 1155U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in...
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Fed Chair Jerome Powell Urges Law Graduates To 'Think Beyond Their Personal Success': 'Little Initiative Can Make All The Difference'
2024 May 20, 5:50am | 646In a recent address at Georgetown University Law Center, Federal Reserve Chair Jerome Powell encouraged graduates to consider public service as a career path. Powell, who is currently isolating after testing positive for COVID-19, shared personal anecdotes about his career in public service. What...
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Fed Chair Jerome Powell Tests Positive For COVID-19, Working From Home
2024 May 17, 1:55pm | 399Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is working from home. What Happened: Powell, 71, tested positive for COVID-19 Thursday and is experiencing symptoms, a Fed spokesperson said in an emailed statement, according to Reuters. He is adhering to the guidance of the...
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S&P 500 Index Hits Record High Amidst Lower Inflation
2024 May 17, 8:52am | 517By RoboForex Analytical Department The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier....
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Wall Street Stays Cautious To Close Out A Big Week, Meme Rally Resumes: Analyst Warns Investors 'Not To Sprint On The Victory Lap'
2024 May 17, 7:12am | 1249U.S. stocks are poised for a cautious start on Friday as concerns about rising interest rates return. Traders are waiting for a significant catalyst to propel the market higher after its recent record run. A potential resumption of the meme stock rally could inject support into the small and mid-...
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Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook
2024 May 16, 4:49pm | 778Major U.S. equity indexes ended Thursday’s session on a weaker note as investors reconsidered the economic outlook in light of the latest batch of contrasting data. Both the S&P 500 and the Nasdaq 100 fell by 0.2%, closing at 5,297 points and 18,557 points, respectively. The Dow Jones...
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Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
2024 May 16, 1:55pm | 972A major trend shift is unfolding in the bond market, as key Treasury yields are currently testing the support of the crucial 200-day moving average, following the release of benign economic data that has cemented investor bets on Federal Reserve rate cuts. Last month, the inflation rate calculated...
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Dow Jones Hits 40,000, Chinese Tech Stocks Jump To 15-Month Highs, Bloodbath On Meme Stocks: What's Driving Markets Thursday?
2024 May 16, 1:44pm | 1093U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points. Blue-chip stocks are experiencing their thirteenth positive session out of the last fifteen, extending the bull market that commenced in...
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3 Sector ETFs to Play on Renewed Fed Rate Cut Hopes
2024 May 16, 12:47pm | 732In April, inflationary pressures showed signs of easing, with the Consumer Price Index (CPI) on a "core" basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations...
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Walmart Attracts Wealthier Consumers – Stock Market Tell, Red Hot New Housing Slows
2024 May 16, 11:34am | 1600To gain an edge, this is what you need to know today. A Tell Ahead Please click here for an enlarged chart of Walmart Inc (NYSE: WMT) Note the following: This article is about the big picture, not an individual stock. The chart of WMT stock is being used to illustrate the point. Walmart is...
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US Inflation Data Prematurely Released By Accident, Yet Traders Missed Golden Opportunity
2024 May 16, 9:26am | 772The U.S. Bureau of Labor Statistics accidentally released critical inflation data for April 30 minutes early on Wednesday. Yet, in a twist fit for a financial thriller, the sleeping investors failed to capitalize on this advance peek, missing out on what could have been a golden opportunity to...
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Wall Street Eyes Breather After Record Run As Walmart Earnings, Fed Speakers In Focus: Analyst Banks Hopes On Nvidia Print, H2 Rate-Cut
2024 May 16, 6:53am | 1092Stocks may take a breather after Wednesday’s record run, fueled by a mild consumer price inflation report, with index futures holding relatively steady in early trading. However, traders might find some optimism in robust tech earnings. The market mood on Thursday could be influenced by...
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Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What's Driving Markets Wednesday?
2024 May 15, 1:36pm | 1028The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets. Inflation calculated on the Consumer Price Index (...