Latest Market News
President Joe Biden on Tuesday called Saturday’s mass shooting in Buffalo, New York, “domestic terrorism,” and blasted backers of the so-called great replacement conspiracy theory. “I condemn those who spread the lie for power, for political gain and for profit,” the president said on a visit to the city. A white 18-year-old shot and killed […]
Type: Bullish BounceKey Levels:Resistance: 633’6Pivot: 626’2Support: 615’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 633’6 in line with the horizontal pullback resistance from our pivot of 626’2 in line with the 61.80% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price may […]
US Retail Sales Up NextThe main data focus for today’s US session will be US retail sales for April. The market is looking for retail activity to have slowed last month. Forecasts call for headline retail sales to improve to 1% from 0.5% prior, while the core reading is expected to have fallen back to […]
Thirty-one percent of shareholders participating in JPMorgan Chase & Co.’s JPM, +3.31% annual meeting supported a $52.6 million options award to CEO Jamie Dimon in his 2021 compensation package, according to a transcript of the event on Tuesday. Dimon drew the bonus on top of his regular pay to bring home total compensation of $84.4 […]
U.S. stocks finished sharply higher Tuesday after Federal Reserve Chairman Jerome Powell said a “softish landing” for the economy still was possible. The Dow Jones Industrial Average DJIA, +1.34% advanced about 431 points, or 1.3%, ending near 32,655, up for a third straight day in a row. It also marked the biggest daily percentage jump […]
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to expand TRACE reporting requirements to trades in U.S. dollar-denominated foreign sovereign debt securities. Source: FINRA