News In the Spotlight

STARTRADER Market Recap | 23-Aug-2023

Economic data in the United States yesterday revealed a decline of about 2.2% in existing home sales in July on a monthly basis. Currency and bond yield movements continue to impact other financial assets as investors await statements from Federal Reserve Chair Jerome Powell on Friday.

The yield on the 10-year Treasury bond, a benchmark, reached its highest level in approximately 16 years, sparking concerns that rising borrowing costs could slow down corporate and consumer spending.

In Wall Street, the Dow Jones index fell by 0.5%, marking its lowest close in around 6 weeks. This came after JPMorgan’s stock dropped by over 2%, causing the bank to lose more than $9 billion in market value in a single day.

wwwstartraddev

Recent Posts

Weekly Recap Fundamental Analysis: U.S. Indices Rebound on Hopes of Trade Agreements

After the fluctuation we saw at the beginning of April, U.S. Equities rebounded this week,…

40 minutes ago

Weekly Fundamental Analysis Forecast – April 28, 2025

Gold remains supported and the US dollar under pressure as Asian exporters - particularly South…

47 minutes ago

Weekly Technical Analysis Forecast – April 28, 2025

The gold price has been grinding lower in the latest trading sessions, breaking the 30-SMA,…

47 minutes ago

Daily Technical Analysis: Gold falls more than 6% from its all-time high

Gold falls below $3,300 following a strong rally beyond $3,500 Gold prices fell sharply last…

47 minutes ago

Daily Fundamental Analysis: Stocks Open Lower as Markets Wait for Earning Numbers

U.S. Stock Markets drop in early trading. Investors brace for earnings data Stock futures fell…

47 minutes ago

Daily Technical Update: Nasdaq Breaks Above 19,000 After 3 Days of Consecutive Gains

U.S. Stocks rise for the third consecutive day Nasdaq broke two crucial resistance levels in…

3 days ago

This website uses cookies.