On Tuesday, the S&P 500 and the Dow recorded gains because of stronger-than-expected outlooks and results from Home Depot and Walmart. These strengthened views regarding the health of the consumers, while the…
Category: Stock Markets
Gold Price Recovery may End if 75 bps Hike is Confirmed by Fed
The month of August has proven to be a green path for Gold. The yellow metal has continued gaining a strong footing and it has also notable climb in its value. Gold…
Voyager Digital’s Shares Dip More than 30% after It Suspends Withdrawals
For a while, Voyager Digital, which is known for the development and commercialization of digital assets’ buying and selling platform. The most attractive feature that the platform has offered the users is…
European Shares Fall Due to Hawkish Central Bank Stance
On Wednesday, European shares dropped over rising fears of an economic recession after chiefs of the US Federal Reserve and the European Central Bank did not shift from their hawkish stance. Indexes…
European Shares Extend Gains on Rising Oil Prices and China Relief
On Tuesday, an improvement in risk appetite gave European shares a boost, as China eased some of its COVID-19 curbs and energy stocks also got a boost due to rising oil prices….
Dollar Eases as Growth Fields Lead to Yield Decline
On Wednesday, the dollar declined as did US Treasury yields over fears that the economy could dip into recession. This was after Jerome Powell, the US Federal Reserve chairman, said that high-interest…
DeFi Protocol Abracadabra’s Stablecoin Dips to $0.91
Last weekend resulted in carnage in the crypto market, which included another stablecoin dipping below its $1 peg on June 18th, Saturday. The crypto asset known as Magic Internet Money (MIM) saw…
Wall St. Gains with Energy and Tech
On Tuesday, afternoon trading saw a rise in US equities due to gain in technology shares, even though retail shares were weighed down because of the disappointing margin forecast of Target Corp….
NASDAQ, S&P 500, and Dow Jones Price Prediction Following Last Week’s Fall
The week saw Dow Jones weakening by -2.90%. NASDAQ -3.82%, and S & P 500 – 3.05%. US growth presented faintness. The market absorbs recession possibilities. Wall Street’s three leading indexes weakened…
DAX Index May 2022 Prediction
Germany’s DAX ended the week beyond 14,000 points. The inflation rate hit an ATH for another month. Finland to join NATO. DAX index jumped on Friday to close the week beyond 14,000…
MicroStrategy Stock Crashes; Bitcoin Struggles Beyond $31K
MicroStrategy raised money through Bitcoin collateralization and Silvergate Bank to fund more of its $BTC purchases. MicroStrategy (the leading BTC holder) crashed by 60% since the year started. The company held 129,218…
Should You Purchase Gilead Sciences Stock in May 2022?
Gilead Sciences revealed massive Q1 results. Its management restructured financial guidance. The current support floor sat at $55. Gilead Sciences, Inc. witnessed its shares weakening to $57.19 from $72.27 in January 2022….
Alcoa Stock Recovers from Post-Earnings Fall: Should You Buy?
Alcoa Corporation’s share has declined by nearly 25% within a month. Earnings miss contributed to this weakness. Alcoa sees recovery but is still worth a wait. Market participants seemed less impressed when…
Bitcoin (BTC) Visits Sub-$38K amid Strengthened NASDAQ Correlation
Bitcoin and the overall cryptocurrency market plummeted within the past day as crypto investors failed to escape economic sentiment and Fed Reserve’s monetary policy. Tuesday sessions saw BTC plunging for the 5th…
