The Dow Jones closed up 400 points on Friday to a record close, while the S&P closed above 5,800 points for the first time. The broad index rose 0.7%, with the Dow gaining 440 points, or 1%. For the S&P 500, the index is up 1.2&. In addition, the Nasdaq Composite added 0.45% upon closing…
Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused concern, oil prices are stable, gold remains near record highs, and U.S. recession fears are easing. UBS advises investors to hold onto risk assets, citing…
October 9, 2024 at 01:20 PM GST updated: October 9, 2024 at 12:36 PM 2 mins read News Bitcoin consistently outperforms traditional assets in Q4, with a 23.31% average return from 2012 to 2023. Regulatory support, like SEC’s Bitcoin ETF approval, has bolstered Bitcoin’s appeal and accessibility to investors. Bitcoin’s Q4 performance remains strong across…
Index fund traders are making massive profits as the S&P 500 is rallying this year, defying all odds and analytical commentary. The index closed Friday’s bell at 5,648 and is only a stone’s throw away from reaching its 52-week high of 5,669. The rally is making the US stock market print gains at regular levels,…
Bitcoin’s price fell below $60,000 on Tuesday and Wednesday after posting big gains over the weekend following the Fed’s pivot to lower interest rates. The spot price briefly peeked over $65,000 before coming back down. But Bloomberg’s McGlone is bearish despite the market’s moves. He thinks BTC’s apparent lack of enthusiasm might signal a slow-going…
The U.S. stock market indexes are hitting new highs this year and generating euphoria across the financial sector. Also Read: BRICS: New Gold-Backed Currency Gains Steam & Challenges the US Dollar Market Overview The Nasdaq Composite touched a record high of 18,600, while the Dow Jones Industrial Average hit 41,300 in 2024. The S&P 500…
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report…