Monthly Archives: July 2021

Cryptocurrencies are still in their upward trend driven by Tesla’s June quarter earnings, which showed that it holds $1.3 billion worth of Bitcoin

Written on July 30, 2021 at 3:55 am, by

Market Focus US equities rose toward all-time highs as the latest read on the economy eased concerns about inflation and the Federal Reserve scaling back its ultra-accommodative policies. Amid risk-off sentiments, all of the main American stock indexes advanced, with S&P 500 (+18.51) and Dow Jones (+153.60, or 0.44%) touching records. Ford Motor Co. ralliedContinue Reading

The Fed will maintain asset purchases at $120 billion a month until there is substantial further progress

Written on July 29, 2021 at 3:49 am, by

Market Focus US markets opened mixed on Wednesday after the FOMC meeting of no move on asset purchases. The Dow Jones Industrial Averages dipped 127.59 points. The S&P500 closed with 4400.64 points whilst the tech-heavy Nasdaq 100 climbed 0.7%. FOMC Meeting Key Takeaways: The Fed has not made any decisions on the timing of taper.Continue Reading

Apple shattered revenue expectations, topping $81 billion for an all-time Q3 and growing 36% year-over-year

Written on July 28, 2021 at 6:04 am, by

Market Focus U.S. equities ended a five-day winning streak on Tuesday as mega-cap technology stocks including Apple Inc. and Microsoft Corp. tumbled ahead of their earnings reports. The tech-heavy Nasdaq (-1.21%, -180.14) posted its biggest drop in more than two months as all three of the major American equity indexes fell from all-time highs. TheContinue Reading