Oct 26 2024, 03:21 The Nasdaq Composite climbed to an all-time high on Friday, boosted by megacap tech stocks. The tech-heavy index rose 0.56% to 18,518.61, while the S&P 500 inched 0.03% lower to end at 5,808.12. The Dow Jones Industrial Average shed 259.96 points, or 0.61%, to close at 42,114.40. Tech stocks boosted the…
Oct 24 2024, 03:12 Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident about strong rate cuts from the Federal Reserve, while corporate news pressured McDonald’s and Coca-Cola. Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the…
Oct 24 2024, 01:18 Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1.2% to $2,714.55 per ounce as of 01:43…
Oct 24 2024, 02:53 Oil prices fell on Wednesday after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about 2% this week as traders factored in continuing conflict in the Middle East. Brent crude futures settled at $74.96, down $1.08, or 1.42%. U.S. West…
Oct 23 2024, 11:57 Gold climbed toward $2,750 per ounce on Wednesday, setting a new record, bolstered by its status as a safe-haven amid elevated geopolitical risks and wider macroeconomic uncertainties. Markets continued to monitor diplomatic efforts in the Middle East, with investors still fearing a broader conflict in the region as Israel continues its…
Oct 23 2024, 11:36 The Australian Dollar (AUD) struggled to secure the previous session’s gains on Wednesday. However, the AUD/USD pair faced pressure as the US Dollar (USD) strengthened on rising Treasury yields. Market risk aversion has increased on the increasing possibility of Donald Trump winning the presidency, adding selling pressure on US Treasury bonds….
