Stocks Rebound in Volatile Trading After Major Sell-off
Category: Markets Total Views: 258By : Olivia Taylor Updated: 08-06-2024
Global Stocks See Slight Uptick Amid Market Volatility
Tuesday saw global stocks climb, yet trading was erratic. Following Monday's forceful selloff, investors remained wary. Officials of central banks aimed at reassuring the markets. Some respite came from Tokyo overnight's 10% rebound in Nikkei. Investor mood was still wary, though. U.S. stock futures displayed mixed signals while European markets fluctuated. Though at first relief was felt, doubt persisted. The reaction... Read More
Goolsbee Warns Against Overreacting to Market Volatility
Category: Markets Total Views: 190By : Henry Turner Updated: 08-06-2024
Fed Officials Reassure Despite Weak July Jobs Data
Policymakers of the Federal Reserve are attending to issues regarding declining July employment figures. They contend that there isn't a recessionary freefall in the state of the economy. Mary Daly, the San Francisco Fed President, pointed out that confidence is made possible by the job report specifics. She underlined that although it is slowing down, the economy is not collapsing. Daly noted that incoming economic data would... Read More
Global Economic Slump Impacts Oil Demand and Prices
Category: Markets Total Views: 326By : 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: 212By : 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: 220By : 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