About: josephine
Recent Posts by josephine
US Treasury yields pointed to higher interest rates, Nasdaq closed lower
The Dow Jones Industrial Average closed 0.5% higher at 33,869.4; the S&P 500 rose 0.22% to 4,090.48; the Nasdaq fell 0.61% to 11,718.12. The NASDAQ on Friday closed lower as mega-cap growth stocks came under pressure after US Treasury yields pointed to higher interest rates and shares of ride-hailing firm Lyft plummeted 36 percent to Continue Reading
Market awaits the US CPI data
US stocks advanced higher on Monday, witnessing upside strength, and ended the previous day with broad gains amid the market’s mildly positive sentiment. The better market mood during European trading hours pushed the US Dollar into the red across the FX board and provided firm support to equity markets. Investors now waiting for the release Continue Reading
US Stocks rise as market focus on Fed decision
The Dow climbed Tuesday, to end the month in the green as investors digested a slew of mostly better-than-expected results just as focus shifts to the Federal Reserve decision due Wednesday. The Dow Jones Industrial Average gained 1.1%, or 368 points, ending the month with a gain of about 2%. The Nasdaq Composite closed 1.7% Continue Reading
Fed raise the interest rate by 25bps as expected
The Dow closed flat Wednesday, as investors weighed up the Federal Reverse’s widely expected quarter-point rate hike and Fed Chairman Jerome Powell’s lack of pushback on the recent rally in stocks and easing financial conditions. The Dow Jones Industrial Average was up 0.02%, or 6 points, the S&P 500 rose 1.1%, and the Nasdaq Composite Continue Reading
Powell’s dovish message boosted stocks
The Nasdaq and S&P 500 indexes closed higher and hit roughly five-month highs on Thursday (Feb. 2), as a more dovish-than-expected message from Fed Chairman Jerome Powell boosted stocks and Meta Platforms shares surged on tight cost controls. The S&P 500 rose 1.47% to 4,179.76, its highest level since August. Meanwhile, the technology-focused Nasdaq Composite Continue Reading
