Page 7 - Eric Diton News Today

Jun 23 2021, 9:33 AM June 22 2021, 5:57 PM June 23 2021, 9:33 AM (Bloomberg) -- Bitcoin extended gains in Asia trading Wednesday, bouncing back after earlier whipsawing investors with a dip below the $30,000 level. (Bloomberg) -- Bitcoin extended gains in Asia trading Wednesday, bouncing back after earlier whipsawing investors with a dip below the $30,000 level. The largest cryptocurrency rose as much as 4.5% and was trading at $33,837 as of 9:38 a.m. in Hong Kong. The coin plunged 12% at one p...

Opening Call: Europe is primed for a positive open on Monday, on expectations the Fed will maintain its dovish message later this week. In Asia, most major stock benchmarks were higher, along with the dollar and oil, but gold prices lost further ground and Treasury yields were flat. Equities: European shares should extend gains on Monday, with the Stoxx Europe 600 likely to push further into record territory, as investors look ahead to an expected dovish Fed meeting this week. "Th...

Oil jumps 5% as decline in US inventories follows brighter demand outlook from OPEC Carla MozéeApr 15, 2021, 01:28 IST Workers drill at the Saudi Aramco oil field complex facilities.Reza/Getty Images West Texas Intermediate and Brent oil prices stepped up to three-week highs on Wednesday. US data showed weekly oil supplies fell by 5.9 million barrels, outstripping expectations of a drawdown of 2.9 million barrels. The short-term picture for oil appears favorable but the long-term view is d...

Tech stocks weigh on S&P 500, Nasdaq with Fed on deck By Shashank Nayar and Medha Singh Reuters (Reuters) - The S&P 500 and the Nasdaq dropped on Wednesday as U.S. bond yields spiked ahead of the Federal Reserves policy statement which could provide hints on whether the central bank would raise interest rates sooner than expected. The benchmark 10-year yield ticked up to a new 13-month high of 1.676%, denting demand for some high-growth technology stocks and pressuring the Nasdaq by about 1...

3 Min Read (Reuters) - The S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero. It was the first time the Dow closed above 33,000 points. In its statement following its two-day policy meeting, the Federal Reserve projected a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down, and repeated i...

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/nasdaq-retreats-as-technology/"></div>NEW YORK (Reuters) – The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology stocks that benefited from virus lockdowns, favoring sectors that have suffered most during the pandemic instead on hopes a COVID-19 vaccine will turn the economy around. The heavyweight technology <.SPLRCT> and consumer ...

Shares of GameStop Corp jumped more than 10per cent on Friday, putting the video game retailer's stock on pace to triple for the week in a renewed ...

Wall Street extends losses as inflation fear lingers By Devik Jain and Medha Singh Reuters (Reuters) - Wall Streets main indexes extended losses on Friday as fears of a potential rise in inflation kept U.S. bond yields around one-year high, while tech stocks clawed back some losses. Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up between 0.4% and 1%, but were headed for their worst week in months. The benchmark 10-year U.S. Treasury yield eased to 1.478% after jumping 1.6...

The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.

Stock market news live updates: Stocks end mixed, Nasdaq recovers some losses but still posts worst week since October Emily McCormick Wall Street stocks ended mixed on Friday, with battered technology shares recovering some declines amid encouraging data, though fears of rising interest rates caused investors to take fright. Popular Searches The Nasdaq traded 0.6% higher, paring losses at the end of the week. However, the index still posted a weekly loss of 4.9% for its worst s...