Market Reactions to Potential Second Trump Term
Category: Markets Total Views: 104By : Riley Hayes Updated: 07-15-2024
Wall Street Surges on Positive Trading Sentiment
Monday's notable surge on Wall Street was caused in part by growing trading attitude. Following recent events, investors showed hope that would cause a notable market rise. New intraday highs for the S&P 500 and Dow Jones both were reached. Treasury yields rose as well since market players expected possible policy changes. Broad-based gains in many different sectors defined the trading session. Investors kept positive about ... Read More
Assassination Attempt on Trump Sparks Market Reactions
Category: Markets Total Views: 87By : Evelyn Baker Updated: 07-14-2024
Authorities Investigate Assassination Attempt on Trump
The shooting at Trump's rally is being handled by authorities as an attempt at assassination. The attack has spurred a comprehensive inquiry and generated security questions. Trump stayed calm and rapidly reassured his supporters, his face covered with blood. Comparisons to the 1981 attempt on Ronald Reagan's life have been made in reference to the incident These days, officials are more concerned in determining the as... Read More
Mixed Results for Big Banks Affect Stock Performance
Category: Markets Total Views: 219By : Olivia Taylor Updated: 07-13-2024
S&P 500 and Dow Jones Hit Record Highs
Friday saw a surge on Wall Street as the S&P 500 and Dow Jones Industrial Average hit fresh intraday record highs. Investors are hopeful about a possible September U.S. Federal Reserve interest rate reduction. Though both indices gave up some gains by the close, this positive attitude drove notable market increases. At 5,615.35 points—a 0.55% rise—the S&P 500 concluded the session. Rising 0.62%, the Dow Jones Industria... Read More
U.S. Refiners Increase Activity Amid High Fuel Demand
Category: Markets Total Views: 82By : Caleb Price Updated: 07-12-2024
Oil Prices Rise Amid Easing U.S. Inflation
Friday's oil prices rose in response to indications of American, the world's biggest oil user's inflation slowing down. U.S. West Texas Intermediate crude climbed by 85 cents to $83.47 per barrel; Brent crude rose by 72 cents. Over the past two sessions, both benchmarks showed increases. Still, Brent futures were set for a weekly drop of roughly 1% following four weeks of increases. Rising prices coincided with declining consu... Read More
Labor Market Softening as Job Openings Decline
Category: Markets Total Views: 222By : Riley Hayes Updated: 07-11-2024
Drop in New Unemployment Applications Surpasses Expectations
Last week's total of Americans submitting fresh unemployment benefit applications dropped more than expected. Beginning claims for state unemployment benefits dropped by 17,000 to a seasonally adjusted 222,000 for the week ending July 6. Since late May, this figure shows the lowest level. A Reuters poll showed economists had projected 236,000 claims. Though it aligns with the Independence Day holiday, which usually c... Read More