Author: FX
Mario Tama/Getty Images News The stock market and bond market are closed every year on Christmas Day. That is a given this year with Christmas falling on a Sunday. Instead, the stock market and bond market will be shut on December 26, also known as Boxing Day across the pond, to observe the holiday. The stock market failed to generate a Santa Claus rally this past week. The S&P 500 (SP500) (SPY) closed down 0.2% for the week. But some market watchers maintain the seasonal rally should be measured in performance for the week going into Jan. 2 rather than…
© Reuters. FILE PHOTO: Chinese State Counsellor and Foreign Minister Wang Yi addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 24, 2022. REUTERS/Eduardo Munoz SHANGHAI/TAIPEI (Reuters) -China expressed anger on Saturday at a new U.S. defence authorisation law that boosts military assistance for Taiwan, while Taipei cheered it for helping boost the island’s security. China, which considers democratically governed Taiwan its own territory, expressed “strong dissatisfaction and resolute opposition” regarding the U.S. National Defense Authorization Act, the Chinese Foreign Ministry said in a statement. It said the $858 billion…
2/2 © Reuters. A man tosses hot boiling water in the snow in Carbon County, Montana, U.S. December 22, 2022 in this still image obtained from a social media video. Twitter/ @MementoMori_JMJ/via REUTERS 2/2 By Rich McKay and Gabriella Borter (Reuters) -Arctic cold extended its grip over much of the United States on Friday, combining with snow, ice and howling winds from a deadly winter storm roaring out of the Midwest to disrupt energy supplies and thwart travel for millions of Americans ahead of the holiday weekend. The extreme winter weather, which prompted city authorities across the country to open…
The S&P 500 (SP500) on Friday slumped to its third straight weekly loss, falling 0.20% to 3,844.82 points for the final full trading week of the year. Sentiment has been dampened by worries over the future of interest rate hikes by the Federal Reserve. Economic data released through the week pointed to a still robust economy and tight labor market that is only now beginning to show some signs of cooling due to the central bank’s aggressive rate hikes. Investors also parsed a surprise hawkish move by the Bank of Japan (BoJ) in the form of an unexpected widening of…
EURUSD, S&P 500, VIX and Liquidity Talking Points:The Market Perspective: EURUSD Bearish Below 1.0550We are moving into the final week of the trading year with heavy seasonal expectations baked into conditions. Most assets have made efforts to normalize or break tight technical patternsThe exception to the de-escalation heading into holiday conditions is the EURUSD which is highly provocative in its smallest 5-day range since November 2021 Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast We are moving into the final trading week of the year and many market participants have already turned off their computers until the…
Euro Tech Holdings GAAP EPS of -$0.02, revenue of $6.73M Source link
Four Corners Property Trust acquires 4 Buffalo Wild Wings properties for $14.3M Source link
There was a flurry of data today before markets settled into the holiday week ahead that will have Stock and bond markets closed on Monday in observance of Boxing Day and Christmas and early closes next Friday and on Monday for New Years. The forex market will be open Monday to Friday as is customary, but with the economic schedule light and most traders taking the week off, the activity should be limited. For year end flows (tax related), activity must be completed by Wednesday to get under the end of year wire. Today the US had durable goods, Core…
© Reuters. FILE PHOTO: Twitter logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration By Paresh Dave, Fanny Potkin and Sheila Dang (Reuters) – Twitter Inc (NYSE:) removed a feature in the past few days that promoted suicide prevention hotlines and other safety resources to users looking up certain content, according to two people familiar with the matter who said it was ordered by new owner Elon Musk. The removal of the feature, known as #ThereIsHelp, has not been previously reported. It had shown at the top of specific searches contacts for support…
Recover from earlier losses The major US indices are closing the day higher and near highs for the day. At session lows the Dow Industrial Average was down -213 pointsS&P index was down -25.37 pointsNASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of…