markets

Investors are eagerly anticipating the release of the Federal Open Market Committee (FOMC) meeting minutes for June, scheduled for Wednesday, July 5, following the Independence Day holiday. This important report is seen as a key source of information on the Federal Reserve officials’...

The past week saw a flurry of economic predictions and warnings from various analysts and public figures. Hedge fund manager John P. Hussman warned of a bear market bubble in the early stage of collapse, while analyst Neil Dutta rebuked forecasters’ perpetual economic pessimism. “Rich...

Apple Inc. (NASDAQ:AAPL) once again broke the $3-trillion market cap barrier Friday. The Cupertino-based technology giant saw its stock rise 1.3% to a new all-time high of $192, cementing its position as stock market leader. Apple’s outstanding performance has resulted in an approximately $...

As the second quarter comes to a close, it’s time to look at the performance of industry ETFs and the stocks that helped shape their respective sector returns. With the S&P 500 Index, as represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), up 6% during this time, investors are eager...

Cathie Wood-led ARK Investment Management bought a huge stake in financial services company Robinhood Markets Inc (NASDAQ:HOOD) on a day when the stock corrected over 3%. Funds operated by ARK purchased over 562,800 shares of the company at an estimated valuation of over $5.3 million based on...

Retail investors appear to be unperturbed by the strong momentum that equity markets witnessed so far into the year and are reluctant to take a break from infusing fresh funds into stocks. According to data compiled by JPMorgan Chase & Co. strategist Peng Cheng, the category of non-professional...

Prominent market commentator Jim Cramer on Wednesday reportedly warned investors not to get greedy and said it is prudent to cash in some gains following a decent rally. "It's OK to take something off the table after a big run," Cramer said, according to a CNBC report. "You don't sell everything...

As the first half of 2023 drew to an end, the tech-heavy Nasdaq 100 Index, closely tracked by the Invesco QQQ Trust (NASDAQ:QQQ), delivered a spectacular 38.7% rise since the year’s inception until June 20, outshining all its global competitors. Not far behind, the Nikkei 225 Index revealed...

Major Wall Street indices soared on Thursday as investors and traders began digesting the possibility the Federal Reserve's aggressive rate hike campaign is nearing its end. The Nasdaq Composite closed Thursday's session 1.15% higher while the S&P 500 gained 1.22% to hit their 14-month highs....

The Federal Reserve opted to hold interest rates steady at its June FOMC meeting, as widely expected by the market. The Fed also signaled in its revised economic forecasts that additional rate hikes may still be on the horizon for this year. The move initially caught the markets by surprise, with...

The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest rate increases in June and leave rates unchanged at 5%-5.25% until December 2023. This prediction is consistent with current market sentiment, as investors are pricing in an 80%...

Prominent market commentator Jim Cramer reportedly told investors on Thursday it was too early to get bullish on the market, even if lawmakers reach a consensus on the debt ceiling crisis. "I keep recommending you maintain a high-cash position, even if the Democrats and Republicans cut a deal,...

Equity markets have so far displayed tremendous resilience to the debt ceiling stand-off as President Joe Biden's administration and Republican lawmakers appear to find it difficult to reach a middle ground on their respective demands. The SPDR S&P 500 ETF Trust (NYSE:SPY), in fact, has gained...

Former Treasury Secretary Lawrence Summers reportedly said it’s not right to kidnap and hijack the financial credibility of the United States to make a point about deficit and fiscal policies. "So the right thing to do is to move on with this. And look, the people who say we have got real...

If you’ve switched on a television set, browsed through social media, or even just exchanged idle conversation with your colleagues, you’ve likely found an increasing number of everyday people talking about investing in cryptocurrency, largely due to success stories from early adopters...