DJIA sheds 207 pts, S&P 500 below 5,950 as Trump rally fades; Apple gains by $3/share
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,
Read MorePersonal loan interest rates in 2024 | Facts and statistics
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 »
Read MoreMortgage costs rise despite interest rate cut
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,
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Read MoreBetter Artificial Intelligence (AI) Stock: Nvidia vs. Micron Technology
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.
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Read MoreChina ETFs Bleed Cash as Traders Flee on Stimulus, Trump Tariffs
Exchange-traded funds that buy Chinese stocks continue to see outflows amid rising concerns over the nation’s growth outlook and the risk of new tariffs under a Donald Trump administration.
The $8.2 billion iShares China Large-Cap ETF, known by its ticker FXI, saw $984 million in outflows last week,
» Read more about: China ETFs Bleed Cash as Traders Flee on Stimulus, Trump Tariffs »
Read MoreThe Burst
Market Commentary: Get Ready For Market Climax Top
Have you got your seatbelts on as this market thrusts higher like a rocket attempting to escape orbit?
Extraordinarily, the market is up 23% for the year, yet the vast majority of that gain has come in the space of just 6 weeks.
Back in early November, the chatter around where the S&P 500 would end up centered around bearish targets.
» Read more about: Market Commentary: Get Ready For Market Climax Top »
Read MoreThe Ivy
Is a 34.6% Annual Return a Slam Dunk?
The old fox Warren Buffett might still have the midas touch after all. One of his favorite stocks in recent years has been Occidental Petroleum, and it’s been on a tear recently.
A quick look at the chart reveals that the stock has broken out to the upside, above an old yet key resistance level.
» Read more about: Is a 34.6% Annual Return a Slam Dunk? »
Read MoreThe Spotlight
Is This Healthcare Stock The NEXT BIG THING?
Doximity is a cloud-based platform that helps medical professionals connect and collaborate with their colleagues. It has been compared to LinkedIn for doctors by allowing them to search for new job opportunities, keep up with the latest medical research, and communicate with other physicians in a more efficient way.
The company has an estimated 80% of US doctors on the platform in addition to a large number of top pharmaceutical companies and hospitals in the US,
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