by Jibran Munaf | November 9, 2024 | Stocks & Bonds
Tesla (TSLA) shares skyrocketed on Friday, closing at their highest level in over two years as the electric vehicle giant’s market cap surpassed $1 trillion. The stock’s rally, bolstered by optimism over CEO Elon Musk’s alliance with President-elect Donald...
by Jibran Munaf | November 9, 2024 | Markets
U.S. stocks ended their strongest week of the year with record highs on Friday, as the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) surged on the back of President-elect Donald Trump’s victory and the Federal Reserve’s recent rate cut. The S&P 500...
by Jibran Munaf | November 8, 2024 | Markets
The Dubai Financial Market (DFM) announced three major transactions today involving Al Ansari Financial Services and Ajman Bank, amounting to a total of AED38.6 million ($10.51 million) and encompassing 35 million shares. The largest trade involved 29.1 million shares...
by Jibran Munaf | November 8, 2024 | Markets
The S&P 500 and Nasdaq Composite reached new record highs on Thursday, driven by a tech rally and a fresh interest rate cut from the Federal Reserve, following Donald Trump’s election victory. The Federal Reserve lowered its benchmark rate by 25 basis points to a...
by Jibran Munaf | November 8, 2024 | Stocks & Bonds
Nvidia (NVDA) made history on Thursday, becoming the first company to surpass a market valuation of $3.6 trillion. The AI chip giant’s stock surged 2.2% following Wall Street’s rally, fueled by investor optimism after Donald Trump’s re-election, which...
by Jennifer George | November 7, 2024 | Commodities, Currencies, Markets, News
The Middle East and the US are forging significant alliances meant to alter the global order under a renewed Trump presidency. Investors in the Middle East are beginning to anticipate shifts in trade policies and key markets that will impact the region. A Trump...
