Dow industrial average leads the way the S&P and NASDAQ index both closed at record levels, but for the day the Dow industrial average was the biggest percentage gainer. The final numbers are showing: S&P index up 11.73 points or 0.35% at 3397.24. The NASDAQ index rose 46.848 points or 0.42% at 11311.80 Dow industrial
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Rabobank analysts note that the British pound has received a boost from the latest round of upbeat macroeconomic data releases from the UK. Key quotes “The numbers suggest that consumers may be more active than expected while inflationary forces could be growing. These data will likely emphasise the concerns of some market participants that huge levels
Forex news for North American trading on August 21, 2020 Data on the US came out better-than-expected today, with the housing rebound continuing. The existing home sales data for July (accounts for 90% of US housing transactions) rose to 5.86 million vs. 4.70 billion in the previous month and above the estimate of 5.41 million.
NEW YORK: Oil prices dropped nearly 3% on Friday as the economic recovery worldwide has run into stumbling blocks due to renewed coronavirus lockdowns, even as major global crude producers limit crude supply. The euro zone’s economic recovery from its deepest downturn on record has stalled this month as the pent-up demand unleashed by the
Renminbi (a.k.a. RMB, CNY) has strengthened against US dollar over the past 3 weeks. While the broad-based USD weakness is the key reason, PBOC’s neutral policy action over the past months has also led to renminbi’s appreciation. We expect the phenomenon would persist, supporting renminbi, in coming months. PBOC announced to left the policy rate,
A for sale sign is seen next to a house in Arlington, Virginia on May 6, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Sales of existing homes soared 24.7% in July compared with June, according to the National Association of Realtors. These numbers represent closed sales, meaning contracts signed in May and June. That
Back-to-school supplies are displayed at a Target store on August 03, 2020 in San Rafael, California. Justin Sullivan | Getty Images Target is set to report its fiscal second-quarter earnings before the bell Wednesday that will show if the retailer got the same bounce in sales from stimulus check spending that helped rival Walmart deliver its
Press time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their trades through — equalling $6.99 million spent on gas over the past month. Tether
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The JPY is the strongest and the EUR is the weakest. London/European traders have just left the buidling for the weekend. As they exit, which currencies have done well this week and which not so well? The strongest of the majors is the JPY. It rose the most vs the EUR (+1.28%) and the least
S&P 500 is posting small gains in choppy trading day. Deere & Company (NYSE: DE) shares advanced to record highs on upbeat earnings outlook. Keysight Technologies Inc (NYSE: KEYS) drops as investors book profits. Wall Street’s main indexes opened the day little changed on Friday and continue to fluctuate in tight ranges ahead of the
Total rig counts up to 254 from 244 last week In a surprise, the Baker Hughes rig counts moved higher this week. Total rigs moved to 254 from 244 last week. This is the 1st increase in 24 weeks. Oil rigs rose by 11 to 183 from 172 last week. This is the largest weekly
MUMBAI/BENGALURU: Physical gold dealers in India this week offered the highest discounts in more than one and a half months, as buyers stayed away even as more bullion flowed in from the United Arab Emirates. On Friday, gold futures in India, traditionally the world’s second biggest gold consumer after China, were trading around 51,800 rupees
European majors tumble broadly today as UK and EU reminded us that Brexit negotiation remained in deadlock. Additionally, some PMI data from Eurozone suggested that momentum of recovery was quickly fading, in particular in the services sector. Yen is rising broadly today as stock markets turn into risk-off mode. Dollar is following closely as the
For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000. After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant multi-family property so they can keep up with mortgage payments. To relieve his parents of
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of graphics card maker Nvidia fell as much as 2% in extended trading on Wednesday after the company reported better-than-expected fiscal