Market Overview - Page 182

Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative.

The S&P 500 rose to another record high on Thursday amid a strong rally in major technology stocks. The broad equity benchmark gained 0.3% to hit an all-time high after closing at a record in the previous session. The tech-heavy.

The British government and health experts in the country have rushed to defend the coronavirus vaccine developed by AstraZeneca and the University of Oxford following concerns over a possible link to blood clots. On Wednesday, the U.K.’s health and vaccine.

US Initial jobless claims number has increased, reaching 744K in the week to April 3rd after 728K and 658K in the previous two weeks. Economists had expected a fall under 700K, which would have confirmed unemployment’s downtrend. The latest rise.

The chief technology officer (CTO) of Ripple, David Schwartz, said on CoinDesk TV that “all the evidence” suggests bitcoin and XRP are similar despite allegations XRP is being sold illegally as a security. Speaking during “First Mover” on Wednesday, Schwartz.

Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following.

Bitcoin (BTC) barely recovered its losses on April 9 as fresh doubts emerged about the bull run continuing this month. After sliding 5% on Wednesday, BTC/USD saw only a modest rebound to circle $57,000 at the time of writing, Cointelegraph.

The topic of a minimum tax rate on corporate income is developing rapidly and gaining recognition. Brought up for discussion only earlier this week by Treasury Secretary Janet Yellen, the idea found a quick response from German and French policymakers,.

Futures contracts tied to the major U.S. stock indexes ticked higher in early morning trading on Thursday, suggesting that Wall Street could extend gains that have propelled the S&P 500 to record levels this week. Futures tied to the Dow.

The Federal Open Market Committee on Wednesday released minutes from its March 16-17 meeting as investors looked for indications about where policy may be heading in the future. At the meeting, the Federal Reserve’s monetary policymaking arm voted to keep.

Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to.

U.S. stocks were little changed Wednesday, with the S&P 500 hovering near its record high as investors awaited details from the Federal Reserve’s last policy meeting. The Dow Jones Industrial Average dipped 20 points. The S&P 500 gained 0.1% and.