Categories Finance

Feds Bowman: Dissent warranted by inflation still above target

FOMC board member Michelle Bowman is speaking and says: Dissent to half-point cut warranted by inflation still above target, “measured pace of cuts more appropriate” Core inflation remains uncomfortably above 2% target with upside risks given ongoing growth in spending, wages Recalibrating policy appropriate given progress on inflation,…

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Categories Finance

Crude oil extends to new highs

The price of crude oil has extended to a gain of two dollars at $72.36. That’s up 2.77% on the day. The low price was at $70.47. J.P. Morgan Chase CEO Jaime DImon overnight reiterated his concerns about the growing risks of global instability, emphasizing that geopolitics remains…

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Categories Finance

US stocks are higher in early trading

The US stocks are higher in early US trading, but gains are relatively modest: Dow industrial average +76 points or 0.17% 42196.68S&P up 4.85 points or 0.09% at 5723NASDAQ index up 33 points or 0.19% at 18008 The small-cap Russell 2000 is up 7.72 points or 0.35% at…

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Categories Finance

Tech sector stabilizes: Insight into today’s diversified market movement

Sector Overview The US stock market exhibits diverse performance today, with notable stability in technology and gains in consumer electronics and cyclicals. The semiconductor segment, spearheaded by Nvidia (NVDA), shows a positive trend, climbing 0.83%. Meanwhile, the consumer electronics giant, Apple (AAPL), rejoices in a healthy boost of…

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