On July 31, the U.S. Federal Reserve and its chairman Jerome Powell officially announced a 25-basis point cut. The U.S. stock market and the S&P 500 reacted with a sharp correction, indicating that the rate cut has been priced into the equities mar…
In one spectacular quarter, the U.S. stock market has almost fully recovered from its 2018 correction with the Dow Jones nearing 26,000 points and the S&P 500 surpassing November levels. Since December 24, the Dow Jones has rebounded from 21,792 po…
Within two hours since opening, the Dow Jones has fallen from 25,854 to 25,599 by 250 points in a steep short-term drop. Backed by strong fundamentals, noticeable progress in the U.S.-China trade talks, and the Federal Reserve’s decision to retain its …
The S&P Dow Jones will not be introducing a cryptocurrency index, at least for now, says chief executive officer, Alex Matturri. He however acknowledges the popularity and growing uptake of digital currencies such as bitcoin. Bloomberg quoted Mattu…