DJIA Index US Stock Market Today: US equity benchmarks fell on Thursday amid selling pressure in industrial, consumer discretionary, health, real estate and material stocks, though buying interest in select energy and technology stocks saved the market from deeper cuts. A nascent rally that began with Donald Trump’s win in the 2024 US election last week continued to fade,
Personal loan debt in the U.S. reached $245 billion in the fourth quarter of 2023, and the number of consumers with personal loans reached a record high. With the Federal Reserve’s rising inflation and rate hikes, interest rates for lending products have increased.
While most personal loans are fixed-rate loans,
» Read more about: Personal loan interest rates in 2024 | Facts and statistics »
On 7 November, the Bank of England cut the base rate – which influences the wider cost of borrowing for businesses, individuals and the government – from 5% to 4.75%.
This had been widely expected, so the markets had already factored the cut into their calculations. In other words,
» Read more about: Mortgage costs rise despite interest rate cut »
The semiconductor industry is expected to generate $611 billion in revenue this year as per World Semiconductor Trade Statistics (WSTS), which would be a jump of 16% from last year’s levels, and the good part is that the growth is set to continue in 2025 as well with an estimated increase of 12.5% in revenue next year.
» Read more about: Better Artificial Intelligence (AI) Stock: Nvidia vs. Micron Technology »
(Bloomberg) — Stocks fell on Friday, closing out the worst week in more than two months, as Trump trades lost steam and investors bet the Federal Reserve will have to slow the pace of policy easing.
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The S&P 500 ended off session lows,
» Read more about: US Stocks Erase More Than Half Post-Election Gains: Market Wrap »
Both ETFs and mutual funds allow you to invest in a basket of securities — such as stocks or bonds — within a single investment.
» Read more about: ETFs vs. Mutual Funds Tax Efficiency: Understand the Key Differences »
The S&P 500 is up 25% this year and continues to hit new highs. It’s a time of confidence in the economy and excitement in the future. However, it means that it’s getting harder to find great deals in the market. As the market goes higher, valuations are starting to look inflated.
» Read more about: 1 Growth Stock Down 36% to Buy Right Now »
MONROE COUNTY, Mich. – Authorities in Monroe County are warning residents about an increase in cryptocurrency scams.
The Monroe County Sheriff’s Office said scammers are using cryptocurrency to deceive victims into transferring money or personal information. The scams can come in emails, texts or phone calls and can include lottery,
» Read more about: Michigan authorities warn of rise in cryptocurrency scams »
Stocks opened in negative territory Friday and stayed there through the close as investors took profits following the post-election surge.
Tech stocks led the path lower, with Nvidia (NVDA) plummeting 3.3% ahead of next week’s earnings report. But the chipmaker was hardly the worst Dow Jones stock today.
» Read more about: Stock Market Today: Stocks Drop as Post-Election Party Ends »
ROCHESTER, N.Y. — This consumer alert is all about women and investing. Women make 84 cents to every dollar men make but live six to eight years longer. That’s why investing is so important.
News10NBC’s Deanna Dewberry recently chatted with Lorna Kapusta, the Head of Women and Engagement with Fidelity Investments.
» Read more about: Consumer Alert: It’s important for women to invest, here’s how to start »