US stocks drifted higher on Wednesday as escalating Israel-Iran tensions fanned worries about a wider Middle East conflict, prompting overall caution in the market. The S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI), and Nasdaq Composite (^IXIC) all closed narrowly higher, with none of three rising more than 0.1%. Stocks came under pressure to kick […]
Bitcoin declined by 8.3% between Sept. 30 and Oct. 1, reaching a two-week low of $60,207. Despite a modest recovery to $61,300 on Oct. 2, Bitcoin’s price remains 16.6% below its March 2024 all-time high, whereas gold and the S&P 500 are each within 2% of their recent record levels. Given Bitcoin’s underperformance, one might […]
North Carolina’s local Bitcoin communityis prepping a convoy of emergency room physicians, volunteers, and retired military personnel to provide critical assistance in the state’s mountain region following Hurricane Helene. The operation will start on Oct. 4 from the Greensboro region, and the 12-man team will be equipped with six full-sized trucks, multiple utility task vehicles, […]
Risk markets are off to an ominous start this October. After a blistering rally over the first nine months that led the S&P 500 (^GSPC) to its best performance since 1997, the benchmark just had its worst day in three weeks on Tuesday. Geopolitical tensions and an Iranian missile strike on Israel are dominating headlines, […]
After big pullbacks, this athletic apparel company and personal-care products retailer look poised to deliver large wins. The stock market has posted strong performance in 2024, with the S&P 500 index climbing roughly 20% across that stretch. On the other hand, not every company included in the benchmark index has been a big winner this year. Following […]
Bitcoin price is on the verge of a notable trend change in its weekly and monthly timeframe chart. On both timeframes, a close above $65,000 sets a higher high and breaks the trend of lower highs which has defined BTC’s price action fo the past 6 months. Prior to this week’s rally above $66,000, the crypto […]
Spot Bitcoin exchange-traded funds (ETFs) based in the United States have raked in more than $1.1 billion since Sept. 23, the largest week of inflows since July 15–19. According to Farside Investors, it included $494.4 million on Sept. 27, the best-performing day since June 4. Spot Bitcoin ETFs saw inflows of $366 million on Sept. 26. BlackRock’s […]
Stocks in mainland China spiked 4.84% while Japan’s Nikkei 225 tumbled 4.64% on Monday as investors assessed key economic data from the two countries. China’s official purchasing managers’ index reading for September came in at 49.8, better than the 49.5 expected by economists polled by Reuters. However, this marked a fifth straight month of contraction for the […]
The blue-chip Dow Jones Industrial Average closed at a record high as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted small-cap stocks and enabled Wall Street’s three main indexes to post weekly gains. The technology-heavy Nasdaq slipped for the day while the S&P 500 edged slightly lower, but […]
The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed said it is cutting interest rates by half […]
Bitcoin (BTC) surged past $65,000, holding steady at $65,580 amid a 3% rally, as experts point to easing monetary policy, China’s stimulus, and increasing on-chain activity as key drivers for the current momentum. Analysts now suggest a fourth quarter rally is likely, with targets set for $70,000 in the near term. Ethereum (ETH) also followed […]
American investors appear to be regaining their appetite for risk, as new exchange-traded funds (ETFs) giving a leveraged position to MicroStrategy stock are booming. MSTX, which launched in August, now has $357.6 million in assets under management. The fund aims to give investors daily leveraged investment results of 1.75 times (or 175% of) the daily […]
