Stocks weaken, dollar gains amid Fed hike talk Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil and other commodities, as investors absorbed the possibility that the U.S. Federal Reserve will raise interest rates in the near term. Oil prices sharply pared losses as supply worries offset the drag
Tomorrow is option expiry the market closed today above yesterday high. This is good news for the bulls and most of the short term short (3 months) might had to exit or take profits by now. Stocks advanced as a weaker dollar pushed commodity prices higher. Treasury yields dropped, a day after the U.S. Federal
Shares climb as firmer Chinese yuan eases deflation fears We have a shortened week this week due to President’s Day but it will be a busy week. We have Option Expiration this week which always makes things volatile. Economic reports will be light this week for the United States except for Wednesday. Wednesday has
Yesterday, Nasdaq 100 closed at its highest level in 15 years on the back of strength in healthcare stocks, while encouraging global manufacturing data pushed other indexes higher. Benchmark Treasury yields advanced on continued expectations of a possible rate hike next month, while gold prices slipped. The dollar was little changed and oil prices dipped