Global Economic Slump Impacts Oil Demand and Prices
Category: Markets Total Views: 148By : Owen Jenkins Updated: 08-05-2024
Oil Prices Drop to 8-Month Lows Amid Recession Concerns
Driven by mounting American recessionary concerns, oil prices have reached their lowest point in eight months. Global oil demand is heavily influenced by the United States, the top oil user in the world. The market stays focused on the possibility of a U.S. economic downturn even if there are continuous conflicts in the Middle East, usually driving prices up. U.S. West Texas Intermediate crude dropped to $73.39 a barrel; Bren... Read More
Stock Market Pullback: S&P 500 and Dow Analysis
Category: Markets Total Views: 98By : Olivia Taylor Updated: 08-04-2024
Dow Futures Decline Amid Market Volatility
Sunday night's declining U.S. stock futures suggested a likely rough start for the next week. Future value of the Dow Jones Industrial Average dropped 171 points, or 0.4%. This drop comes after a week of especially erratic market volatility. Given the market's erratic behavior, investors are wary. Issues regarding the general economic situation are becoming more prevalent. Many times, the future market is considered as a guide of ... Read More
Major Indices Suffer Biggest Two-Day Loss in Two Years
Category: Markets Total Views: 173By : Addison Perry Updated: 08-03-2024
U.S. Stocks Plummet for Second Consecutive Session
On Friday, U.S. stocks sold off for a second consecutive session signifying a notable market downturn. Fears of an approaching recession brought on by a less-than-expected jobs report drove this fall. Closing at 39,726.87, the Dow Jones Industrial Average dropped 621.10 points, or 1.54%, With 100.70 points lost—or 1.85%—the S&P 500 came out at 5,345.98 points. To end at 16,773.22 the Nasdaq Composite dropped 417.98... Read More
Financial Sector Outperforms Despite Tech Declines
Category: Markets Total Views: 107By : Owen Jenkins Updated: 07-30-2024
Nasdaq Drops 1% Amid Chip and Megacap Share Decline
Loss in chip and megacap stocks drove Tuesday's 1% drop in the Nasdaq. Before important results from big technology companies, investors were wary. With a 5% drop, Nvidia led the fall that profoundly affected the semiconductor industry. Other tech behemoths including Apple, Amazon, and Tesla likewise saw declining shares. This cautious attitude resulted from worries about the longevity of recent increases in several high-grow... Read More
Market Volatility Ahead of Fed Meeting and Jobs Data
Category: Markets Total Views: 93By : Logan Wright Updated: 07-28-2024
Upcoming Earnings Reports from Tech Giants
The earnings reports from some of the most well-known tech companies—including Microsoft, Apple, Amazon, and Meta Platforms—are much awaited by investors. These studies are vital since they might either calm the market or cause more volatility. A rally in tech stocks stalled in the second half of July, which caused a notable selloff following Tesla and Alphabet's underperformance. The results this week will be a litmus tes... Read More