Wall Street

The Federal Reserve is set to clarify the discussions from their June meeting that left Wall Street puzzled, Bloomberg reports. The Federal Open Market Committee halted its interest-rate hikes after 10 consecutive increases over 15 months, despite inflation cooling at a slower pace than anticipated...

Brokerage firm Bernstein on Monday stated that the U.S. Securities and Exchange Commission (SEC) may find it challenging to maintain its current position on spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs), suggesting that the chances of approval are relatively high. The...

Barry Bannister, the chief equity strategist at Stifel reportedly said there won't be a textbook recession anytime soon and that he expects the S&P 500 to begin to level out around the 4,400 level in the third quarter. "Since October 2022, economic resilience and policy prudence indicated to us...

U.S. markets ended in the green on Tuesday as investors and traders shifted to a cautious mode ahead of the crucial inflation data release next week along with the Federal Reserve's policy decision. The Nasdaq Composite closed 0.36% higher while the S&P 500 gained 0.24%. Meanwhile, the...

Markets in the United States ended in the red on Monday after investors and traders began weighing in the possibility of a rate hike at the upcoming Federal Reserve meeting next week. The Nasdaq Composite closed 0.086% lower while the S&P 500 lost 0.2%. The Dow ended Monday's session 0.59%...

Morgan Stanley has reportedly estimated a 16% drop in the earnings per share of S&P 500 this year that is expected to apply brakes on the rally seen so far. Strategists at the investment bank led by Andrew Sheets expect that S&P 500 earnings per share will come in at $185 versus a median $...

A mystery trader is reportedly sitting on significant gains on an options bet regarding a 300-mile natural gas pipeline that was green-lit by the United States government as part of the debt ceiling agreement. Interestingly, the gas pipeline approval surprised most Wall Street analysts, many of...

U.S. markets ended in the green on Thursday following the passage of the debt ceiling bill in the House. The Nasdaq Composite closed 1.28% higher while the S&P 500 gained 0.99%. Both indices ended at their highest levels since August last year. Meanwhile, the following are the five stocks that...

U.S. markets ended in the red on Wednesday after strong labor data sparked investor concerns about further rate hikes by the Federal Reserve. There were 1.8 job openings for every unemployed person in April, up from 1.7 in the previous month, according to a Reuters report. Market participants are...

U.S. markets ended mixed on Tuesday as investors remained concerned over the mounting opposition to the debt ceiling deal ahead of a crucial vote in Congress on Wednesday. However, the rise in NVIDIA Corporation's (NASDAQ:NVDA) stock that briefly led the chip-maker into the $ 1 trillion market...

Major Wall Street indices closed at least 1% higher on Friday in anticipation of lawmakers reaching a consensus on the debt ceiling crisis over the weekend. As anticipated, President Joe Biden on Sunday reached a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt...

With President Joe Biden and House Speaker Kevin McCarthy reaching a tentative deal on the borrowing limit, the bond market's concerns seem to have shifted from the possibility of default to the deluge of Treasury Bills expected to hit the market, impacting short-term borrowing rates. The Treasury...

It is a well-known fact that institutional investors, with their sophisticated tools and technology, most often manage to capitalize on a sustained stock rally. However, the question regarding how much steam is left in an already rallying stock is something that puzzles retail investors. One such...

The Nasdaq Composite and the S&P 500 ended in the green on Thursday after NVIDIA Corporation's (NASDAQ:NVDA) upbeat forecast led investors to pile up AI-related stocks despite the debt ceiling crisis continuing without a resolution. Shares of the chip-maker closed 24.37% higher on Thursday....

“Rich Dad, Poor Dad” author Robert Kiyosaki has likened the ongoing debt ceiling deadlock to the Japanese Kabuki theater while saying the whole thing is “a bad comedy.” Politicans debating raising $ 30 trillion US debt limit bad comedy, "kabuki theater." Facts are: US...