Morning Bid: The first trading day of the year, be wary – Yahoo Finance
Dara Ranasinghe talks about the future outlook for the US and global markets. Don't be fooled by the possibility of a positive start to the new year, with stock futures signaling a solid start on Wall Street on Thursday. For the past four years, the first trading day of the year has been a contrarian […]
Dow, stocks climb on final trading day of 2024
Wall Street's main indexes opened higher in the final session of 2024, extending a more than two-year bull market boosted by post-pandemic economic resilience, optimism about lower borrowing costs and the AI revolution. In morning trading, the Dow Jones Industrial Average rose 73 points, or 0.2%, to $42,647. The S&P 500 rose 0.1% and the […]
EUR/USD consolidates in illiquid market amid year-end trading – FXStreet
EUR/USD rose to around 1.0440 during a period of low trading volume. Due to the ECB's dovish leadership and the possibility of a trade war with the US, the euro is expected to end the year down by around 5.5% against the US dollar. This week, US investors will focus on December US ISM manufacturing […]
Can gold count on its best month of the year to start 2025 trading? – ForexLive
Things are a little trickier this time around, as gold prices have already risen more than 27% in 2024. So far, the situation has calmed down in November and December, but this is probably largely due to the US election results, which in turn are influencing the US election results. The Fed provided some guidance […]
AUD/USD weakens to near 0.6200 amid thin trading – FXStreet
In early Asian trading on Friday, AUD/USD weakened to around 0.6215. President Trump's policies continue to support the US dollar as Fed bets on interest rate cuts decline. RBA minutes revealed that the board has increased confidence in inflation, but risks remain. Early in Friday's Asian session, the AUD/USD pair remained defensive around 0.6215. The […]
Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pause – Yahoo Finance
Stocks on Wall Street swung in afternoon trading Thursday as gains from tech companies and retailers cushioned losses elsewhere in the market. The S&P 500 rose less than 0.1% after bouncing between slight gains and losses. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 10 points, […]
USD/INR rises ahead of holiday-shortened trading week, eyes on possible RBI’s intervention – FXStreet
The Indian rupee lost momentum to an all-time low in early European markets on Tuesday. A weakening offshore Chinese yuan, strong demand for US dollar from importers and rising oil prices are weighing on the Indian rupee. Intervention by RBI may help limit local currency losses. The Indian rupee (INR) extended its decline to near […]
Stock futures are little changed after positive start to the holiday trading week: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on December 18, 2024. Spencer Pratt | Getty Images U.S. stock futures were relatively unchanged on Monday night after starting the holiday-shortened trading week with all three major stock averages in the green. S&P500 futures Although it rose by about 0.1%, Nasdaq 100 futures […]
Jim Cramer warns against novice day trading, calls zero-day options 'pure greed' – CNBC
CNBC's Jim Cramer on Friday warned beginners against day trading. article The Wall Street Journal quoted from an article explaining how more investors are developing serious gambling addictions due to risky market trading. “We need to help people who are becoming addicted, and we need to stop people who might become addicted,” he said. “After […]
Biden finally breaks silence on congressional stock trading
President Biden has expressed support for banning stock trading by sitting members of Congress. After four years of silence on the controversy, this is an 11th-hour turnaround. “No one in Congress should be able to make money on the stock market while in Congress.” Biden said on the podcast “More Perfect Union.” “I don't know […]