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wall street: Wall Street extends sell-off as Powell hints at further rate hikes

The three major US stock indexes declined for a third straight day, with tech-related shares weighing heavily, after Federal Reserve Chairman Jerome Powell reinforced the central banks commitment to reducing inflation and hinted at further interest rate increases. Tesla, Microsoft, and Nvidia were among the worst performers. At last glance, the markets had priced in a 74.4% probability of a further 25 basis point rate rise. Energy stocks led the gainers, while UPS and FedEx were among the bigges...
United States Ankika Biswas Jerome Powell Ryan Detrick Johannm Cherian Shubham Batra

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Analyzing Bit Digital (NASDAQ:BTBT) & Detwiler Fenton Group (OTCMKTS:DMCD)

Bit Digital (NASDAQ:BTBT – Get Rating) and Detwiler Fenton Group (OTCMKTS:DMCD – Get Rating) are both business services companies, but which is the better business? We will contrast the two businesses based on the strength of their analyst recommendations, risk, valuation, profitability, earnings, institutional ownership and dividends. Volatility and Risk Bit Digital has a beta […]
New York United States Detwiler Fenton Group Mitchell Co Detwiler Fenton Group Inc Digital Inc

Futures flat ahead of Powell's congressional testimony

(Reuters) -U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, while Tesla gained as Texas requires charging stations to include its plug. Powell is due to deliver his semiannual monetary policy testimony before the House Financial Services Committee at 10 a.m. ET (1400 GMT), and is expected to be questioned on whether rates will rise again in July. Money markets see a 77% ch...
United States Arun Koyyur Jerome Powell Loretta Mester Peter Andersen Shubham Batra
Source: yahoo.com

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