Latest Market News
The Dow booked its best day since February on Monday, after stocks booked a brutal month of September, as expectations for a potential pause in rate hikes from the Federal Reserve after December gathered steam. The Dow Jones Industrial Average DJIA, +2.66% rose about 765 points, or 2.7%, ending near 29,490, which was its best […]
President Joe Biden on Monday expressed his support for the people of Puerto Rico, as he visited the U.S. territory to survey damage from Hurricane Fiona. “I want the people of Puerto Rico to know I’m committed, my entire administration is committed, to standing with you every step of the way, as long as it […]
The Dow Jones Industrial Average surged more than 900 points at its session high and remained on track for its biggest one-day percentage jump since June 2020 as equities kicked off the new month and quarter with a sharp bounce. The Dow DJIA, +2.66% remained up 890 points, or 3.1%, which would be its largest […]
Oil futures climbed sharply on Monday, with U.S. prices up more than 5% as traders bet that the Organization of the Petroleum Exporting Countries and their allies will agree later this week to cut production on concerns over a slowdown in the economy that would hurt demand for oil. News reports said the group of […]
Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” towards crypto amongst institutional investors amid a slowdown of the U.S. economy. In the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Coinshares head of research James Butterfill highlighted stand-offish institutional sentiment towards crypto investment products, which […]
Rivian RIVN, -3.10% on Monday said it believes it is still on pace to produce 25,000 vehicles this year, in keeping with a prior target, despite earlier production setbacks for the electric-vehicle maker. Shares jumped 10% after hours. Management said the company produced 7,363 vehicles in the third quarter. The electric-vehicle maker said those vehicles […]