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Major indexes jump by 2 per cent despite recession fears

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2 years ago

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Wall Street’s major indexes have jumped by over 2 per cent, despite fears of a looming recession

The rise was triggered by investors scooping up shares in megacap growth and energy companies, Microsoft, Apple and Tesla all rising sharply.

All 11 of the major S&P 500 sectors gained, after the index fell over 20 per cent from its January all-time high, earlier this month.

The Nasdaq added 2.5 per cent and the Dow Jones rose 2.2 per cent, with oil and gas stocks among the best performers.

Moving around the world, Australian shares are also likely to continue their recovery, as investors shift concern away from a global economic downturn.

Bitcoin has also rebounded to just above U.S. $20,000, but still remains 70 per cent below its record high in November.

As America’s Federal Reserve continues to take aggressive measures to tackle inflation, investors are assessing just far stocks can fall.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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2 days ago

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September 19, 2024

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Money

Markets brace for potential 50-point fed rate cut

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4 days ago

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September 17, 2024

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

5 days ago

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September 16, 2024

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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