At the start of the week, the Dow fell more than 1,200 points. Attacks on Powell have picked up as: Central bank officials express concerns that Trump’s tariffs have sparked higher inflation expectations and could lead to price growth that’s more than just a one-time uptick. The uncertainty generated by Trump’s tariffs to businesses and more importantly to the US economy in the coming months., leading to the Fed taking a wait-and-see approach on cutting the Fed funds rate that stands at 4.25% - 4.5%. Wall Street got worried whether President Donald Trump’s attacks on the Federal Reserve chair were more than just bluster. By the time market closed: DJIA: -2.48% (-971.82 to 38,170.41. S&P 500: -2.36% (-124.50 to 5,158.20). Nasdaq: -2.55% (-415.55 to 15,870.90). One of the “surprises” of
City Developments Limited's (CDL) CEO Sherman Kwek is not ruling out the possibility of continuing share buybacks, considering that its current share price levels is at an over 70% discount to its true value. As at the FY2024 ended Dec 31, 2024, CDL's net asset value (NAV) stood at $10.17 per share while its revalued NAV (RNAV) stood at $17.57 per share or $19.68 per share considering its fair value taken all valuation surpluses on portfolio. $CityDev(C09.SI)$ $DBS Group Holdings(D05.SI)$ $TENCENT(00700)$ $Apple(AAPL)$
On Wed, 23 Apr 2025, US stocks closed with back-to-back gains, though the Dow erased much of its 1,000+ points gained (intraday) in a rally sparked by hopes of easing US-China trade tensions faded toward 4pm. At the closed of mid-week trading: DJIA: +1.07% (+419.59 TO 39,606.57). S&P 500: +1.67% (+88.10 TO 5,375.86). Posted 2 new 52-week highs and 2 new lows Nasdaq: +2.50% (+407.63 to 16,708.05). 3,277 stocks rose and 1,141 fell as advancing issues outnumbered decliners by a 2.87-to-1 ratio. On Wednesday, trading volume on US exchanges was 17.40 billion shares, compared with the 19.18 billion average for the full session over the last 20 trading days. At the Institute of International Finance event in Washington, D.C. Treasury Secretary Bessent at last, tried to tone down Trump’s backf