ARK Innovation skims the Covid lows and is seeing a bounce. Have a hunch and want to be in the riskier stocks? Bet a bunch. Buy the ARKK The ARK Innovation fund – managed by Cathie Wood – moved to a low of $33.74 on October 13. Yesterday the low reached $34.06. Today the price
Not much else needs to be said really. As we get into this hectic period over the next week or so, expect the bond market and rates to be key drivers of trading sentiment as broader markets will look to assess the next steps by major central banks. The dollar and equities will also take
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth. Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates. Revenue: $69.09 billion
Leading stock exchange BSE has launched Electronic Gold Receipt (EGR) on its platform, a move that will help in efficient and transparent price discovery of the yellow metal. It introduced two new products of 995 and 999 purity during the Muhurat trading on Diwali and trading will be in multiples of 1 gram and deliveries
The Asian markets are generally quiet today, with the expectation in China. The Shanghai SSE reversed earlier losses and surged before the break, with talks of buying by the “national team”. But Yuan’s decline continued and hit another record low. In the forex markets, most major pairs and crosses are bounded inside yesterday’s range. Today’s
GBP/USD is consolidating its retreat around 1.1450 as the US dollar finds demand in Asia. Investors turn cautious amid discouraging US tech giants’ earnings, flaggings recession fears. Cable buyers will hold the fort so long as the price stays above the bearish 50DMA. GBP/USD is consolidating the latest pullback from six-week highs of 1.1499, as the
EURUSD on the daily chart Focusing on the daily chart of the EURUSD , the sharp move to the upside today has taken the price above a downward sloping trendline on the daily chart near the 0.9943 level. Just above that is also the July 14 low at 0.99515. Recall, the market was moving sharply
US 10-year yields are down 16.7 bps on the day at 4.06%, a session low. You would think that the bid in bonds would ease with stocks soaring but there has been no let-up. In turn, the US dollar is also sitting close to the lows, though I’ll be keeping a close eye out for
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | AFP | Getty Images Microsoft will report fiscal first-quarter results after market close on Tuesday. Here’s what analysts are expecting: Earnings:
Gold prices in the national capital declined Rs 196 to reach Rs 50,702 per 10 grams on Tuesday, taking cues from weak global prices, according to Securities. The yellow metal had settled at Rs 50,898 per 10 grams on Monday. Similarly, the COMEX spot price of gold marginally fell to USD 1,643.2 per ounce compared
It’s an extremely slow day in the markets. Sterling appears to be a touch stronger after Rishi Sunak finally become the third UK Prime Minister in Two months, accepting King Charles’s request to form a government. Meanwhile, Swiss Franc is slightly on the softer side. But overall, most major crosses and pairs are staying range
Consumer confidence in the US deteriorated in October. US Dollar Index trades deep in negative territory below 111.00. The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index declined to 102.5 in October from 107.8 in September (revised from 108). This reading came in worse than Reuters’ estimate of 105.9.
There’s no denying that the world is currently facing an unprecedented energy crisis, one that has compounded severely in the aftermath of the COVID-19 pandemic so much so that countries across the globe — especially across Europe and North America — are witnessing severe shortages and steep spikes in the price of oil, gas and
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The major US indices are higher led by the Dow industrial average is up 377 points or 1.21% at 31458. The S&P index is up 34.16 points or 0.91% at 3787. The NASDAQ index is up 32 points or 0.30% at 10892. Dow industrial average is above its 100 day moving average Looking at the
It is a familiar start to the new week as equities are seen being more optimistic again and we all saw how things turned in the second-half of last week. Some dovish Fed talk on Friday was what really helped to secure a solid week of gains and the positive momentum is carrying forward, well
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors is set to report its third-quarter earnings