Day: September 28, 2022
The S&P 500 fell for six days in a row and made a new year-to-date low on Sept. 27, but Bitcoin (BTC) maintained its outperformance and stayed well above its June low. This could be a positive sign because markets that show strength on the way down are the ones that outperform in the event […]
XPO Logistics Inc. XPO, +5.12% said Wednesday it has filed a Form 10 registration statement with U.S. securities regulators related to the planned spinoff of its RXO transportation brokerage. The spinoff was announced earlier this year and on Wednesday XPO reiterated its expectation that it would be completed by year-end. “Our Form 10 public filing […]
Starbucks Corp. SBUX, +3.36% announced Wednesday that it was boosting its quarterly dividend to 53 cents a share from 49 cents a share. The new dividend takes effect with the payment that’s set to be distributed Nov. 25. It applies to shareholders of record as of Nov. 11. The 8% dividend increase lifts Starbucks’ annual […]
The Dow and S&P 500 snapped a six-session skid on Wednesday as equities rallied sharply and bond yields retreated after the Bank of England took a surprising U-turn with a new plan to buy U.K. government debt. The Dow Jones Industrial Average DJIA, +1.88% rose about 548 points, or 1.9%, ending near 29,683, ending a […]
EURUSD, “Euro vs US Dollar” After completing the correctional wave at 0.9670 along with the descending structure towards 0.9595 and then forming a new consolidation range around the latter level, EURUSD has broken it to the downside; right now, it is still falling to reach 0.9525. Later, the market may start a new growth to […]
USDJPY, “US Dollar vs Japanese Yen” As we can see in the H4 chart, USDJPY is moving within the “overbought area”. The Relative Strength Index has rebounded from the descending trendline. In this case, the pair is expected to test 8/8 (143.75), break it, and then correct downwards to reach the support at 7/8 (142.18). […]
Bitcoin (BTC) hit new weekly lows into Sept. 28 as risk asset drawdown continued overnight. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: “First new lows” before Q4 recovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to $18,461 on Bitstamp, down almost $2,000 versus the previous day’s high. The change of direction […]
U.S. stock indexes traded higher in the final hour of trading on Wednesday with Dow DJIA, +1.88% climbing over 550 points and S&P 500 SPX, +1.97% attempting to snap its longest losing streak since February 2020. The Dow Jones Industrial Average advanced by 2% and the S&P 500 gained 2.1%, while the Nasdaq Composite COMP, […]
Oil futures rallied on Wednesday, with U.S. prices settling above $80 a barrel for the first time in nearly a week as Hurricane Ian led to a slowdown in production in the Gulf of Mexico. The Bureau of Safety and Environmental Enforcement reported Wednesday that in response to the storm, 9.12% of oil production and […]
President Joe Biden had a recently deceased congresswoman at “top of mind” when he called out for her at an event on Wednesday, White House spokeswoman Karine Jean-Pierre said. While giving opening remarks at a conference on hunger and nutrition, Biden asked, “Jackie, are you here? Where’s Jackie,” referring to the late Rep. Jackie Walorski, […]
