"The surge in the prices of a variety of crypto assets also reflects in part increased risk appetite," the report said.
"US stocks are stabilizing as investors are clearly in wait-and-see mode over the current wave of inflationary pressures," an analyst said.
The Nasdaq declined as stocks including Amazon, Alphabet, Facebook, and Microsoft weakened the index.
US stocks logged new record highs Thursday as technology shares march higher and the Federal Reserve signals continued support for the economy.
US stocks were at record highs Thursday as the Federal Reserve signaled continued support for economic and labor-market growth.
Europe is in focus as EU leaders hold a virtual summit to discuss boosting vaccine supplies and their rollout across the bloc.
US stocks dropped Tuesday, with the Dow sliding over 300 points on concerns of rising virus cases hobbling the economic recovery.
US stocks fell Tuesday on worries that rising coronavirus cases in Europe will hurt prospects of global economic recovery.
The benchmark 10-year Treasury yield surged past 1.7% and that's hurt tech stocks while bank stocks got a lift.
US stocks rose after the Federal Reserve said it will keep monetary policy supportive of the US economy's recovery from recession.
The Fed will likely try to communicate that the pricing in of rate-hike expectations is too aggressive, says Barclays' US head of stock trading.
Federal Reserve Chairman Jerome Powell reiterated Thursday that the central bank is far from tapering its asset purchases or raising interest rates. “Now is not the time to be talking about an exit” from easy monetary policy, the central bank chief said in a virtual discussion. The comments come after […]
The Federal Reserve has started transferring billions of dollars in unused stimulus funding back to the Treasury, following on an agreement made after a November scuffle over its return. The transfer began with $US42 billion, and another $US20 billion is expected to be returned soon, Bloomberg reported Friday, citing data […]
The US entered a new phase of economic recovery “sooner than expected” but still faces challenges in the labour market and in curbing the coronavirus’ spread, Federal Reserve Chair Jerome Powell said in prepared remarks. Positive labour market and economic activity data suggest the US is on its way to […]
Billionaire “bond king” Jeffrey Gundlach expects the stock market to fall from its “lofty” perch as he warned of corporate credit downgrades and a rise in white-collar layoffs on Tuesday. Gundlach said traders think the Federal Reserve chairman Jerome Powell is “Superman,” and he is expected to keep the fed […]
US Federal Reserve chief Jerome Powell expects key economic indicators to hit their bleakest levels since the 1930s, but does not expect a drawn out slump like the Great Depression. The Fed chief’s recent comments on rapid government relief and central bank aid shook markets as he warned of a […]
While economic indicators point to the worst recession in nearly a century, Federal Reserve Chair Jerome Powell doesn’t expect a prolonged, Great Depression-style slump. The central bank chief told “60 Minutes” he sees the second quarter bringing GDP down as much as 20% to 30%, while unemployment will likely peak […]