by Jibran Munaf | October 24, 2024 | Markets, Stocks & Bonds
US stocks dropped on Wednesday, pressured by rising US Treasury bond yields and significant losses in McDonald’s and Starbucks following negative developments. Market analysts pointed to rising uncertainty surrounding the continued climb in US Treasury yields....
by Jibran Munaf | October 23, 2024 | Markets, Stocks & Bonds
Asian stocks showed mixed performance on Wednesday, pressured by a strengthening U.S. dollar and uncertainties surrounding the upcoming U.S. election. Concerns about geopolitical tensions also weighed on market sentiment, with oil prices and U.S. futures falling after...
by Jibran Munaf | October 22, 2024 | Stocks & Bonds
Short selling activity in Hong Kong has dropped to its lowest level in over three years, driven by a surge in the stock market following a wave of stimulus measures from China. Data from the Hong Kong Stock Exchange shows that short positions accounted for just 9.7%...
by Jibran Munaf | October 22, 2024 | Markets, Stocks & Bonds
Asian stocks took a downturn, and the dollar remained near multi-month highs on Tuesday, as investors reacted to a sharp sell-off in bonds and a surge in gold prices ahead of the U.S. election. Benchmark 10-year Treasury yields rose by 11 basis points overnight, with...
by Jibran Munaf | October 22, 2024 | Stocks & Bonds
Nvidia’s stock surged to a record high on Monday, buoyed by continued confidence from Wall Street analysts ahead of the company’s upcoming earnings report in November. The AI chipmaker’s shares climbed over 4%, closing at $143.71 per share. Wall Street analysts...
by Jibran Munaf | October 20, 2024 | Stocks & Bonds
Cathie Wood, the renowned fund manager behind Ark Invest, made waves again this week by selling a significant portion of Robinhood Markets (HOOD) stock. Known for her bold investment in disruptive technologies, Wood offloaded 391,668 shares of the trading app...
