On Wednesday, the Nasdaq Composite had a strong day, closing up 1. 22% at 17, 648. 45. This boost was fueled by a lower-than-expected inflation report, which calmed worries about the economy. The S&P 500 also saw gains, rising 0. 49% to 5, 599. 30. However, the Dow Jones Industrial Average dipped slightly, losing 82. 55 points or 0. 2%, to 41, 350. 93. The t...
The stock market experienced a significant downturn on Monday, with the Dow Jones Industrial Average plunging by nearly 900 points. This sharp decline was driven by investor anxiety over President Trump's economic policies and his refusal to rule out a potential recession. The market's fear gauge, the VIX, hit its highest level of the year, reflecting the widespread ...
Since the start of 2025, investors have been feeling the heat. The optimism that greeted the new year has faded, and the stock market is feeling the pinch. US stocks have been lagging behind their European and Chinese counterparts. Bitcoin, which had a wild ride during Trump's inauguration, has also taken a hit, dropping about 17% in the past month. The stock ma...
Bitcoin and other cryptocurrencies took a dive on Tuesday, following the inauguration of President Donald Trump. TRUMP, a token launched last week to represent the new U. S. leader, fell by over 20% in just a day, according to CoinGecko. A meme token created by the first lady, Melania Trump, dropped by nearly 60% in the same period. Bitcoin saw a 5% decrease, trading...
Cryptocurrencies surged Thursday, with investors flocking to smaller, higher-risk coins in anticipation of President-elect Donald Trump's inauguration. XRP and litecoin led the charge, with gains of 11% and 20% respectively, as per Coin Metrics. The CoinDesk 20 index, a broad market benchmark, rose by 4%. Bitcoin, meanwhile, saw a modest 1% increase, trading at $100...
JPMorgan has some stocks in mind that they think will face trouble in 2025. Stocks like Novavax, Airbnb, and Intel are on their list. The market has been tough lately, with big tech stocks losing favor. JPMorgan looked at stocks across different sectors, from healthcare to technology. Novavax, a vaccine maker, saw its shares drop after announcing lower expected reven...
Ever wondered what really influences the price of cryptocurrencies? Researchers have found that using a conditional beta, instead of the fixed beta used in previous studies, can make pricing models more accurate. Conditional beta changes over time, reflecting real-time market conditions. This new approach promises to explain price movements better than before. What'...
Early Thursday morning, stock futures took a dip, with the Dow Jones Industrial Average futures dropping by over 150 points. The S&P 500 and Nasdaq 100 futures also saw declines of 0. 3% each. This comes after the markets were closed for Christmas Day and followed a week of gains. The S&P 500 had risen by 1. 8%, the Dow by about 1%, and the Nasdaq by a significant 2....
Bitcoin, the largest cryptocurrency, has been struggling to break the $100, 000 mark after a rapid post-election rise. The cryptocurrency surged over 40% since the U. S. election, driven partly by pro-crypto comments from President Donald Trump. Bitcoin hit a new high of over $99, 000 last week but has since dropped slightly, trading around $98, 243. 25 on Monday. I...
George Milling-Stanley, a chief strategist at State Street Global Advisors, has voiced concerns about the recent bitcoin rally. He believes investors are being lured by the quick returns but might be overlooking the stability that gold offers. Speaking on CNBC's "ETF Edge, " Milling-Stanley emphasized that bitcoin is simply a return play, unlike gold which provides s...