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10May2021 Market Close: Tech Wrecks, Ether Erupts, Commodities Crumble As Dollar Gives Up 2021 Gains, DOW Closes Down After Recording New High 35 Points, Nasdaq Sinks At -2.6%, Bitcoin Dives 54900, Dogecoin Crashes $0.43

That was quite a day. The tech wreck continued, leading the drop in stocks. Commodities did the unthinkable and tumbled on the day but Gold and Cryptos gained as the dollar dumped into the red for the year... Source: Bloomberg Dallas Feds Kaplan warned that he was "cognizant of excess risk-taking in financial markets". Maybe turn the taps off then? 🦠Monetary policy since March 2020.. pic.twitter.com/kPgQXol3VJ " PiQ (@PriapusIQ) May 10, 2021 The Dow topped 35k for the first time ever...
United States Lance Roberts Steven Hansen Ben Van Beurden Ajay Manglunia Maria Van Kerkhove

10May2021 Pre-Market Commentary: Wall Street To Open Mixed As Soaring Commodities Depress Tech Stocks, DOW Up 125 Points, Nasdaq Down 0.2%, WTI Crude 65.38, Gold 1842, Dogecoin Slips To 0.51

Authored by Charles Hugh Smith via OfTwoMinds blog, But weirdly, and irrationally, bubbles pop anyway. At long last, the moment youve been hoping for has arrived: youre pitching your screenplay to a producer. Your agent is cautious but youre confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and youre off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then ...
United States United Kingdom Bruxelles Capitale Angela Merkel Jeff Bezo Brian Niccol

10May2021 Midday Update: Cyberattack Shuts Down Major US Gasoline Pipeline, DOW Up 265 Points, Nasdaq Slides -1.2%, Bitcoin Gains 58400, Dogecoin Down $0.50, US Dollar Down 90.06

Gasoline futures jump to highest in nearly 3 years on pipeline cyberattack (SPY +0.1%). U.S. Covid cases down 30% over past two weeks and the dollar is sliding after the horrible April jobs report. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the...
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