NASDAQ closes lower for the week The S&P and Dow held on for a record closes but just barely. The S&P closed at record day for the fourth consecutive day. The NASDAQ moved higher in the last minute of trading and it’s second gain in a row. The Russell 2000 fell close to 1%. S&P posted its 48th record close
Month: August 2021
NEW DELHI: Gold prices were mildly higher in Indian market on Friday, tracking flat trends in other Asian peers. The precious metal was headed for a second consecutive weekly decline. Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or
In this article NIO Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC GUANGZHOU, China — Nio shares rose more than 1% in after-hours trade on Wednesday after the Chinese electric carmaker posted a narrower than expected loss and a surge in revenue. The start-up lost 0.42 yuan
GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the
Bitcoin’s (BTC) rapid recovery above $46,000 has renewed calls for a $100,000 BTC price by the end of 2021, while the effects of China’s crackdown on the mining industry are slowly beginning to fade as the Bitcoin network hash rate shows signs of recovery. Bitcoin mean hash rate vs. price. Source: Glassnode One of the
Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the week, the Loonie is still the strongest, followed by Kiwi Swiss Franc is the weakest
US drilling data from Baker Hughes Nat gas 102 vs 103 prior This is the largest weekly increase since April. OPEC isn’t going to love the idea of more US drilling but uncompleted well is the US that’s been worked off in the past 18 months and there’s a fair argument that even at this
German Dax new record high. France’s CAD works closer to the 2000 high The Euro Stoxx index is holding onto a small gain, making it 10 straight higher closes for that index. The German Dax moved higher and closed at another record. The France’s CAC moved higher and got closer to the September 2000 all time high. The provisional
New Delhi: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams. Silver also gained Rs 100 to Rs
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from
The US economy is expected to grow by 3.8% in the third quarter of 2021, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday. “News from this week’s data releases increased the nowcast for 2021:Q3 by 0.1 percentage point,” the NY Fed explained in its publication. “Positive surprises from PPI price
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Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a
Delta variant concerns begin to grow in Germany The country recorded 5,578 new cases in the past day, bringing total active cases to ~42,900 – the highest since 14 June. This comes as the 7-day incidence rate is also ticking higher relative to the past few weeks, now seen at 30.1. There has already been
Russell 2000 moves lower Dow and the S&P closed at record highs once again (3rd day in a row) after reaching new intraday record highs as well. The NASDAQ index broke a two day slide. The final numbers are showing: Dow up 14.74 points or 0.04% at 35499.61 S&P up 13.12 points or 0.29% at 4460.82 NASDAQ up 51.12 points
TOKYO: Oil prices fell for a second day on Friday after the IEA warned that demand growth for crude and its products had slowed sharply as surging cases of COVID-19 worldwide has forced governments to revive restrictions on movement. Brent crude was down 31 cents, or 0.4%, at $71.00 a barrel by 0046 GMT, after
Prices that Americans pay for everyday goods and services rose in July as pent-up demand for travel and restaurants kept inflation hot, but jumped about as much as economists had expected. The Labor Department reported Wednesday that its consumer price index rose 5.4% in July from a year earlier, in line with June’s figure and
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