The price of gold continues to consolidate its recent run to new four-week highs ahead of the crucial US NFP report. The yellow metal is supported by rising demand for safe havens in the midst of fears of a recession. …
US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve continued to be inverted as recession fears persisted. The S&P 500 ended the session …
US stock rallied on Wednesday, snapping a two-day loss since the beginning of this week, as earnings buoyed the market mood. Investors could clear their concerns about earnings disaster after 70% through the season, as more cheering data like a …
US stock little declined on Tuesday, as Federal Reserve officials implied the next move of the central bank will be more hawkish to calm runaway inflation. Investors are keeping their eyes out for comments from Fed officials about the necessity …
US stock stopped a three-day rally on Monday as hawkish comments from Federal Reserve and data showing slower growth undermined market risk sentiment. Stocks had surged in July on speculation that rampaged inflation may have peaked and the central bank …
The US market is focusing on Non-Farm employment figures this week. The economy added 372,000 payrolls in June of 2022, which is higher than the market forecast of 268,000. Meanwhile, the July projection is at 255,000 additional jobs. US unemployment …
Lead by big tech, US stock advanced on Friday and notched the best month since 2020. Amazon.com Inc. and Apple Inc. soared as higher revenues from the pair’s iconic powerhouses relieved fears of profit slowdown on profit growth. Despite some …
US stock rallied on Thursday, preserving its bullish momentum and climbing to a seven-week high as investors pared their bets on Fed’s aggressively rate hikes amid the weak economic data. The US Gross Domestic Product (GDP) in Q2 showed that …
In response to Fed chairman Jerome Powell’s less hawkish remarks after the central bank’s monetary policy decision, US stocks jumped on Wednesday, regaining upside momentum and making a significant return. Wednesday, the US Federal Reserve stated that it had increased …
Tuesday’s decline in US stocks was precipitated by deteriorating economic conditions, worries of a recession, and sky-high inflation. The dismal outlook of the world’s largest retailer, Walmart Inc., illustrates the effects of inflationary pressures on consumer spending. Concerns over a …
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