Money

Bitcoin retreats from $100,000 as Dow hits record high

Dow rises 400 points, Russell 2000 hits record after Trump’s Treasury pick Scott Bessent; investors optimistic about economic guidance.

Published

1 year ago

November 26, 2024

ticker NEWS

A broad stock rally led to new record highs for the Dow Jones Industrial Average, S&P 500, and Russell 2000 index on Monday.

Investors reacted positively to President-elect Donald Trump’s nomination of Scott Bessent for Treasury secretary, believing he would foster economic growth without inflation.

The Dow rose 420 points, or 1%. The S&P 500 climbed 0.3%, while the Nasdaq Composite increased by 0.3%. The Russell 2000 surged 2%, exceeding its previous high from 2021. Approximately 80% of S&P 500 stocks saw gains.

Market participants view Bessent, founder of Key Square Group, as supportive of equity markets and potentially moderating Trump’s protectionist policies.

Treasury yield

Following the nomination, Treasury yields and the U.S. dollar index fell, with the 10-year Treasury yield dropping over 14 basis points. This market response indicates a favorable shift, according to Quincy Krosby from LPL Financial.

Krosby stated that the market’s reaction demonstrates strong approval of the nomination.

In contrast, big technology stocks exhibited mixed results. While Amazon and Alphabet saw gains, Nvidia and Netflix experienced declines.

Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

3 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

3 days ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

5 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue