NASDAQ index leads the way The major US stock indices are ending a solid week with gains across the board. Of the big 3 indices, the NASDAQ led the way. However, the Russell 2000 have the largest gains at 1.27%. The S&P and NASDAQ and Russell 2000 all closed at record levels Dow, S&P on track for 5 day
Month: February 2021
Forex news for North American trading on February 5, 2021 It was unemployment day in the US and Canada, and both reports came in weaker than expectations: US nonfarm payroll rose by 49K, which was less than the 105K expected. However the prior to month revised down -159K. The unemployment rate did fall fairly sharply to 6.3% from 6.7%, but the decline was
Copper prices rose on Friday, boosted by a weak dollar and hopes for better metals demand due to improved vaccine rollout and as the U.S. stimulus looked set to be approved. Three-month copper on the London Metal Exchange (LME) rose 1.9% to $7,970 a tonne by 1740 GMT. The metal, used in the power and
Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the unemployment rate fell to 6.3%, the Labor Department said Friday in the first employment report of the Biden administration. Economists surveyed by Dow Jones had been looking for growth of 50,000 and the unemployment to hold unchanged at 6.7%.
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus
It was a solid day at the end of what has been a very solid week on Wall Street. The S&P 500 and Dow posted five days in the green in a row. The Nasdaq 100 and S&P 500 both hit fresh all-time highs on Friday. A solid day at the end of what has
Dollar drops broadly in early US session after much smaller than expected non-farm payroll job growth, even though unemployment dipped notably. Canadian Dollar is some what pressured today after larger than expected job losses. But Yen is the one following the greenback as second weakest. Australian Dollar and Euro are trying to regain some grounds
WTI crude oil futures for March delivery settle up $0.62 or 1.10% The price of WTI crude oil futures settle at $56.85. That is up $0.62 or 1.1%. The high for the day reached $57.29. The low extended to $56.43. For the week, the price moved higher on each successive day. The low was on
IMG Georgieva: US has fiscal space to take further action to support economy Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT IMF Georgieva speaking US has fiscal space to take further action to support economy, supports Bidens determination to focus relief on vaccinations, support unemployed we have to be
Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors. According to Glassnode analysts, the number of whales holding more than 1,000 Bitcoin has increased by 200 this year. Along with the institutions, several high profile investors have also committed money to the crypto sector. Hedge fund manager Paul Tudor
Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies. New orders for U.S.-made goods rose more than expected in December, pointing to continued strength in manufacturing. The U.S. Congress is also moving ahead on
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
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NYSE:CCIV dropped by 7% in early trade on Thursday. Investors had hoped for more news on Lucid merger. Merger talks may yet lead to something but longer timeframe. Update February 4, GMT 19:30: While investors await an announcement on an illusive merger deal, CCIV bulls had taken the price to fresh highs on Wall Street. The price
Return of risk-on markets, after some solid economic data, pushed S&P 500 and NASDAQ to new record highs overnight. Yen and Swiss Franc trade broadly lower naturally but Euro was not far behind. Commodity currencies, while firm, are so far overwhelmed by Sterling and Dollar. In particular, the greenback will look into today’s non-farm payroll
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