By Eric Wallerstein, Akane Otani and Joe Wallace U.S. stocks climbed Thursday after the latest inflation data showed cooling price pressures for the sixth consecutive month, likely keeping the Federal Reserve on track to slow its pace of interest-rate increases. $S&P 500 index(.SPX.US)$ added 0.3%, while $Dow Jones Industrial Average(.DJI.US)$ gained 0.6%, or roughly 216 points. The technology-heavy $Nasdaq Composite Index(.IXIC.US)$ rose 0.6%. The indexes bobbed between small gains and losses for much of the morning before gaining steam midday. Consumer-price inflation slowed to 6.5% in December, down from 7.1% in November, the Labor Department said. Despite landing largely in line with economists' expectations, one measure of services inflation -- excluding energy services and the co
$DBS 5xLongSG251023(QARW.SI)$$DBS Group Holdings(D05.SI)$ DBS Group Holdings Ltd reported impressive Q3 2024 earnings. Here are the key highlights: -Net Profit : DBS posted a net profit of SGD 3.03 billion,a 15% increase from the previous year. - Total Income: Total income rose by 11% to SGD 5.75 billion. - Dividend: The board declared a quarterly dividend of SGD 54 cents per share. - Share Buyback: DBS announced a new SGD 3 billion share buyback program. It was a strong quarter for DBS, driven by growth in wealth management fees, treasury customer sales, and markets trading income.
$Coinbase Global, Inc.(COIN)$ Bitcoin's recent surge to $80,000 has sparked a lot of excitement and speculation about its future. Here are some key factors contributing to this optimism: 1.Market Sentiment - Post-Election Rally: Historically, Bitcoin has seen positive movements following significant political events, like elections. Investors often anticipate changes in economic policies that could favor the cryptocurrency market. -Institutional Adoption: More institutional investors are entering the crypto space. Major companies and financial institutions investing in Bitcoin add legitimacy and drive demand. 2. Economic Factors - Inflation Hedge: With concerns about rising inflation, Bitcoin is increasingly
Robust U.S. Jobs Market Adds to Worry Over How Much Higher Interest Rates Need to Go
November's better-than-expected U.S. job gains brought a touch more anxiety to financial markets on Friday, as investors reacted to the possibility that interest rates may need to go up even more next year than previously thought. Traders boosted the likelihood that the fed-funds rate will get to 5% or higher by March to as high as 43% at one point, up from roughly 31% on Thursday. JPMorgan Chase & Co.'s Michael Feroli saw an increased chance that the Fed's median rate forecast for 2023 will go slightly above 5%. And at Stifel, Nicolaus & Co., analysts said that even 7% -- an upper-bound estimate cited last month by St. Louis Fed President James Bullard -- may be understating how much higher borrowing costs could go. The U.S.'s 263,000 new job gains for last month, which exceeded e
$ProShares UltraPro Short QQQ(SQQQ)$ Predicting the exact percentage by which SQQQ might go up based on US election data from 2013 to 2022 is tricky. Markets are influenced by myriad factors, not just elections. While elections do create volatility—which SQQQ thrives on—the precise impact in percentage terms can vary widely. For instance, in 2020, the market volatility saw SQQQ increase by approximately 82.36%. But past performance doesn't guarantee future results. It's a reminder of our shared human experience navigating the unpredictable, continually learning from it. So, while historical data can guide us, it can't give us a precise percentage increase.