Latest Market News
• Silver reversed from resistance area • Likely to fall to support level 18.20 Silver recently reversed down from the resistance area located between the key multi-month resistance level 21.00 (which has been reversing the price from June) and the upper daily Bollinger Band. This resistance area was further strengthened by the 38.2% Fibonacci correction […]
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. Source: Cointelegraph
Fed-funds futures traders priced in a 97.8% probability the Federal Reserve will lift its key interest rate by 75 basis points, or 0.75 percentage point, to a range of 3.75% to 4% in its early November meeting, up from 84.5% on Wednesday, according to the CME FedWatch tool. The move comes after a hotter-than-expected core […]
Shares of Fastenal Co. FAST, -1.53% fell 1.2% in premarket trading Thursday, even after the industrial and construction supplies distributor reported third-quarter profit and sales that rose above expectations. Net income increased to $284.6 million, or 50 cents a share, from $243.5 million, or 42 cents a share, in the year-ago period. The FactSet consensus […]
Pfizer Inc. PFE, +0.26% and German partner BioNTech SE BNTX, +5.53% said Thursday early data from a Phase 2/3 clinical trial of their omicron BA.4/BA.5-adapated bivalent booster showed positive results in treating individuals aged 18 and older. The data collected 7 days after administering a 30-ug booster dose showed a “substantial increase” in neutralizing antibodies. […]
Shares of BlackRock Inc. BLK, -0.01% was little changed in premarket trading Thursday, after the investment management giant reported third-quarter profit and revenue that fell from a year ago but beat expectations, as strong bond inflows continued while equities declined. Net income declined to $1.41 billion, or $9.25 a share, from $1.68 billion, or $10.89 […]