US stock markets moved higher in volatile trading as investors digested the latest jobs report and looked ahead to Federal Reserve Chair Jerome Powell’s speech later today.
Traders anticipate a US rate cut in September as inflation continues to decline.
Money markets indicate that the Federal Reserve will start cutting interest rates in September, following a continued slowdown in US inflation.
Wall Street’s record-breaking rally continues as stocks edge higher
Most U.S. stocks are trending higher this afternoon, pushing Wall Street toward new records.
US drillers have reduced the number of oil and gas rigs to the lowest level since January 2022, according to Baker Hughes.
This week, U.S. energy firms reduced the number of operating oil and natural gas rigs to the lowest level since January 2022, according to a closely followed report by energy
Oil prices expected to plummet to $60 by the end of next year
The price of a barrel of oil is predicted to slump to $60 by the end of next year due to a surge in production, according to City analysts.
Oil prices have edged upwards, Gas prices surge following shutdown of Norwegian plant
Oil prices have edged higher after the Opec cartel agreed to extend most of its significant production cuts into the third quarter of the year.
Nasdaq reaches 17,000 as AI boom drives growth
The Nasdaq surged past the 17,000 mark for the first time on Tuesday, driven by a record high from AI favourite Nvidia. Attention is now turning to key inflation data
US stock markets climb, despite concerns over interest rates.
Today, European and Asian stock markets experienced declines following Wall Street’s losses on Thursday, exacerbated by unexpectedly strong US data that heightened fears the Federal Reserve might not cut interest
Dow Jones hits a new record high of 40,000 this afternoon
The Dow Jones Industrial Average reached a new high of 40,000 this afternoon, marking a significant achievement for the index that monitors 30 leading American companies.
Wall Street set to climb following Apple’s earnings report
US stock markets are expected to open higher today, buoyed by Apple’s strong performance on Thursday; however, this outlook could shift with the release of the afternoon’s job statistics.
Wall Street Set for Rebound as Powell’s Comments Bolster Market Confidence
US stock markets are poised to open higher following the Federal Reserve’s decision to maintain interest rates, easing concerns about imminent hikes.
Wall Street tumbles due to fears of stagflation in the US.
US stock markets plunged amid concerns of stagflation in the American economy.