[ad_1] Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession….
[ad_1] TOKYO: Japan‘s benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street.The Nikkei added 0.84 percent, or 334.87 points, to 40,245.69 shortly after the opening bell, while the broader Topix index rose 0.30 percent or 8.07 points to 2,717.49.The dollar stood at 150.04 yen, compared with…
[ad_1] BANGKOK: Shares were mixed in Asia on Thursday after a lackluster day on Wall Street, where selling of technology stocks pulled benchmarks lower. US futures were flat and oil prices also were barely changed. Tokyo’s Nikkei 225 index was down 0.1% at 39,166.19 after data showed factory output falling in January at the fastest…
[ad_1] NEW YORK: More gains for US stocks on Friday sent Wall Street to its latest record, milestone and winning week. The S&P 500 rose 0.6% and finished a day above the 5,000 level for the first time. It’s the 10th record in less than a month for the index, which closed its 14th winning…
[ad_1] On Friday, the S&P 500 achieved a historic milestone by closing above the 5,000 mark for the first time, buoyed by robust earnings and economic indicators that bolstered confidence in the US economy’s ability to sidestep a recession.Investor enthusiasm remained particularly high for major tech firms like Alphabet, Google’s parent company, and Amazon, propelling…
[ad_1] The S&P 500 soared to a record high close for the first time in two years on Friday, marking the start of a bull market since October 2022. The climb was led by a robust rally in chipmakers and tech giants, reflecting investor optimism around artificial intelligence and robust corporate earnings.Chipmakers lead the charge:…
[ad_1] Wall Street may be divided over crypto’s investment credentials but for Bitcoin brethren Thursday delivered validation: The first US exchange-traded funds investing directly in the largest digital currency finally went live. It was a much-anticipated debut that came a day after the US Securities and Exchange Commission gave them the green light following a…