Yesterday’s higher stocks close indicates that the US economy is holding up amid the Fed’s interest rate hike agenda.
Since the beginning of 2023, the Nasdaq index is up by 15.60% in one of the major recoveries after last year’s downfall.
The S&P Dow Jones is removing Adani from its index, further adding to the Indian conglomerate’s mounting woes.
Market specialists expect a Fed rate hike of 25 basis points as the battle against inflation continues.
The tech-heavy Nasdaq dipped 0.18% on Wednesday to close lower for the second day as corporate earnings roll on.
When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures.
Indices across the European continent gained anywhere between 0.75-1% with sectors like autos, banks, retail, and telecoms taking the lead.
Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023.
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates.
The Dow and other major indexes all saw a positive close to begin the week as the December Fed meeting beckons.
The S&P 500 and Nasdaq Composite indexes, along with US bond yields, all incurred losses amid yesterday’s choppy session.
Block, MicroStrategy, and Coinbase experienced drawdowns alongside traditional markets even as crypto prices experienced a rise on Monday.
The Dow Jones closed approximately 200 points lower in anticipation of Friday’s critical jobs report.
Development and adoption of the crypto space in the past years have prompted the expansion of mechanisms that assess the credibility of virtual tokens.
US stocks are seeing a lower close to begin the thanksgiving holiday season, with all three major indexes slipping up.