Dow plunges nearly 700 points in response to good economic news. We can explain.
A strong jobs report is good news for the economy. For stocks, not so much.
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Jobs report fuels Treasury yield surge as markets brace for 5% threshold
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets. Friday’s jobs report revealed that employers added 256,000 jobs in December, well above economists’ forecasts, while the unemployment rate dropped, bolstering market expectations that the Federal Reserve will maintain elevated interest rates to curb economic overheating. That news dashed investors' hopes for some respite from a sharp rise in Treasury yields that has wobbled stocks since the beginning of the year.
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Nvidia, chip stocks drag tech lower as new Biden export rules, jobs report weigh
The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips.
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First Mover Americas: BTC Peeps Above $69K as Macro Favors Bulls
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 21, …
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Wei Zhou’s Coins.xyz Launches in Australia with Competitive Fees and Features
Globally Licensed Exchange Coins.xyz Debuts in Australia Coins.xyz, a globally licensed cryptocurrency exchange, has officially launched in Australia, bringing a user-friendly...
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'We're Still in the Banana Zone' — Crypto Expert Raoul Pal
U.Today - Raoul Pal, founder and CEO at Real Vision and a renowned investor and cryptocurrency expert, has addressed his army of followers on the social media platform X (formerly...
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How to pick a stock: 5 essential steps for beginners
Found a stock to buy? Follow these five steps before making an investment.
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MPs pressure London Stock Exchange over Chinese fast fashion giant’s £50bn listing
The London Stock Exchange (LSE) is under pressure to closely vet Chinese fast fashion giant Shein ahead of its planned £50bn listing, amid fears about forced labour in its supply chain.
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Matador Joins MicroStrategy's Bitcoin for Corporations Initiative
Matador Technologies Inc. (MATA) is pleased to announce as of January 1, 2025, it has become a member of "Bitcoin for Corporations" which is an initiative established by ...
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Constellation Stock Is Having a Great—and Terrible—Friday
Constellation stock is up! No, it’s down! Wait, who’s right? Turns out, they both are.
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Binance Lists ChainGPT (CGPT): Unlocking a New Era for AI-Powered Blockchain Solutions
Dubai, United Arab Emirates, January 10th, 2025, Chainwire ChainGPT (CGPT), a pioneer in blockchain AI solutions is delighted to be listed on Binance, the world’s leading...
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Why Is Intellia Therapeutics Stock Trading Lower On Friday?
On Thursday, Intellia Therapeutics Inc (NASDAQ:NTLA) outlined its strategic priorities for 2025, emphasizing the acceleration of late-stage programs for NTLA-2002 and nex-z. These therapies target hereditary angioedema (HAE) and transthyretin (ATTR) amyloidosis, respectively. Intellia prioritized NTLA-2002 and nex-z while discontinuing the NTLA-3001 program and other early-stage initiatives. The reorganization will result in a 27% workforce reduction and a projected $8 million restructuring char
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Wall Street 'fear gauge' at 3-week high as stocks sink
Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts. The Cboe Volatility Index - an options-based indicator that reflects demand for protection against drops in the stock market - was last up 1.1 points to 19.18. A reading of 20 or higher on the VIX is associated with robust demand for options protection.
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Cathie Wood sells $17 million of tumbling tech stock
The Nasdaq Composite has gained 34.1% in the past 12 months, while Ark Innovation ETF returned 19.1%.
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Travelers Are Buying Into Delta's 'Premium' Push—And the Airline's Stock Is Rising
Delta Air Lines bills itself as the "premium" U.S. airline. Passengers appear to be buying in.
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