The current market mood is far from cheerful. Investors are feeling the same gloom that consumers are experiencing. A recent survey by the University of Michigan showed that consumer sentiment has hit its lowest point since 2022. This gloomy outlook is mirrored on Wall Street, according to surveys f
The tech firm Strategy is making waves in the cryptocurrency world. It recently spent $10. 7 million on Bitcoin. This purchase came just a week after the company announced plans to issue up to $21 billion in preferred stock. The goal? To buy even more Bitcoin. Strategy has been on a Bitcoin buying
February's retail sales showed a modest increase of 0. 2%, which was less than what experts had predicted. This growth was slightly better than the revised decline seen in January, but it still fell short of the anticipated 0. 6% rise. When you exclude car sales, the increase was 0. 3%, which matche
In the ever-changing world of investments, a well-known investor has made some bold moves. This investor has shifted focus away from Tesla and Bitcoin. Instead, he is now looking at Nvidia, JPMorgan, and Meta Platforms. This shift comes at a time when the market is experiencing a downturn. The i
The stock market saw a significant boost on Friday, with the S&P 500 rising by 1. 8% and the Dow Jones Industrial Average jumping by 565 points, or 1. 4%. This surge came after a tough week for investors, marking the fourth consecutive losing week. Despite the gains, the market is still in a rough p
The stock market took a nosedive recently, with the S&P 500 officially entering a "correction" phase. This means it has dropped more than 10% from its peak in February. The Nasdaq and Dow Jones Industrial Average also saw significant declines. The tech and media sectors were particularly hard hit.
The stock market, which has been on a high for two years, is now showing signs of slowing down. This shift is due to the unpredictable policies coming out of Washington. Investors are feeling uneasy because of the back-and-forth on tariffs and the recent layoffs of federal employees. This uncertaint
The stock market took a nosedive on a Thursday, with the S&P 500 officially entering a correction territory. The Dow Jones Industrial Average dropped by 537 points, or 1. 3%, while the S&P 500 fell by 1. 39% and the Nasdaq Composite declined by 1. 96%. What caused this sudden plunge? President Trum
Stock futures started the day with a slight decrease, despite some encouraging economic news. The Producer Price Index (PPI) for February remained flat, which was a surprise as experts had predicted a 0. 3% increase. Additionally, the number of initial jobless claims was lower than expected, coming
On Wednesday, the Nasdaq Composite had a strong day, closing up 1. 22% at 17, 648. 45. This boost was fueled by a lower-than-expected inflation report, which calmed worries about the economy. The S&P 500 also saw gains, rising 0. 49% to 5, 599. 30. However, the Dow Jones Industrial Average dipped sl
