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Markets Waver On Mixed Economic Data: 5 ETFs Moving Wednesday
Wednesday, August 30, 2023 - 11:47am | 750Markets embraced an unexpected turn of events as Wednesday’s U.S. economic data releases fell short of market expectations. The initial response was positive, with market participants interpreting the data as an indication of potentially easing inflationary pressures, thus lowering the...
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5 ETFs Responding To PPI Surge And Consumer Sentiment Dip On Friday
Friday, August 11, 2023 - 12:47pm | 795Two significant economic reports took center stage on Friday. The first report focused on the Producer Price Index (PPI) inflation, which was up 0.8% year-on-year in July, a substantial increase from June’s 0.2%, surpassing analysts’ earlier projections of 0.7%. The higher-than-expected...
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Stocks Sell Off On FOMC Minutes: Traders Anticipate June Fed Pause, July's Hike Uncertain
Wednesday, May 24, 2023 - 4:14pm | 551Wednesday was a risk-off session in markets, with stocks resuming their downtrend following the publication of the May FOMC meeting minutes. What to Know About FOMC Minutes: A greater degree of uncertainty about the future of interest rates is becoming increasingly evident among the Fed's...
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Stocks, US Dollar And Treasury Yields Soar: Robust Job Market Crushes Recession Fears
Friday, May 5, 2023 - 10:33am | 469The U.S. economy continues to show robust gains in the job market, with nonfarm payrolls increasing to 253,000 more than projected in April and the unemployment rate reverting to a 50-year low of 3.4%, allaying worries of an impending economic recession. Wage increases also came in higher...