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S&P listen 1% from its all-time high Both the NASDAQ and SMP indices are trading to new session highs. The NASDAQ index traded as high as 13742.29. It is currently trading at 13741, up 83.85 points or 0.61% The S&P is trading up 10.9 points at 4199.05. That’s up 0.26%. Its hi it just reached 4199.92 just short of 4200. The S&P index
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
NEW DELHI: Copper prices on Wednesday traded up by 0.41 per cent at Rs 748.30 per kg in the futures market on the back of a pickup in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 3.05, or 0.41 per cent, at Rs 748.30 per
Following a weak first quarter, the strength in EURUSD has gathered momentum. The pair is the second strongest among majors quarter-to-date. A more upbeat economic outlook, heightened inflation forecasts and expectations of ECB’s tapering are key driving forces of the recent rally. Indicators Pointing to Stronger 2Q21 Leading indicators have pointed to an upbeat 2Q21.
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application volume fell 4.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased
In this article DKS Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods reported Wednesday fiscal first-quarter earnings and sales that topped analyst estimates, saying kids returning to team sports boosted sales. Dick’s also raised
On Wednesday, the Reserve Bank of New Zealand, kept its monetary policy unchanged as expected, surprising with a hawkish tone that boosted the NZD across the board. According to analysts at Wells Fargo, the RBNZ’s announcement represents upside risk to their NZD/USD exchange rate forecast. Key Quotes: “The RBNZ held its Official Cash Rate steady
Modest losses the major US stock indices are closed lower, giving up earlier gains. Highlights for the day include: S&P closes at 1% below all-time high NASDAQ 4% below all-time high Dow closes 2% below all-time high Dow, S&P on track for a monthly gain NASDAQ index on track for a monthly loss The final
Things are looking better by the day for Germany There is still a bit of a lag in the daily cases but perhaps it also is starting to reflect the lower virus infection rate, which has fallen further to 46.8. The target that the German government set earlier this year was 50.0 so now that
Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” much of the internet. The non-profit scientific research organization announced “The Developer Ecosystem Program” on May 26, and is now
NEW DELHI: Gold prices held firm near a four and a half month high on Wednesday as a drop in US Treasury yields and a weaker dollar supported the safe-haven metal. Back home, precious metals followed the global trends, gaining in early trade. The dollar index was pinned near a 4-1/2-month low against its rivals,
New Zealand Dollar surges sharply today, on surprisingly hawkish RBNZ which started to signal a rate hike. Strength in the Kiwi is somewhat lifting Australian Dollar, and to a lesser extent Canadian. On the other hand, Dollar and Yen are both turning weaker, followed by Euro and then Swiss Franc. A focus for today is
In this article JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom reported Tuesday better-than-expected first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear
USD/INR stands on slippery ground near multi-day low, drops for fifth consecutive day. Risk-on mood weighs on the US dollar, downbeat options market also weigh on the quote. SBI report anticipates slower fall in Indian GDP, covid infections in India ease of late. Market sentiment favor bears, risk catalysts are the key to follow. USD/INR
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