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U.S. stocks fell on the first day of June after JPMorgan Chase President Jamie Dimon warned sharply of the impact of Hurricane Sandy on the U.S. economy. The S&P 500 was down 0.7%, the Dow Jones was down 0.5% and the Nasdaq was down 0.7% on Wednesday. After rebounding in the trading session, the majorContinue Reading

U.S. equities markets resumed trading on the last day of May and closed slightly lower following last week’s positive mood shift. The Dow Jones Industrial Average dropped 0.67% to close at 32990.12. The S&P 500 lost 0.63% to close at 4132.15. The Nasdaq Composite slipped 0.41% to close at 12081.39. The energy sector fared worseContinue Reading

U.S. equity markets were closed on the 30th in celebration of memorial day, and markets will reopen for trading on the 31st. After the tremendous crash of UST and Luna, the team behind the Terra blockchain project has voted to revive Luna but not TerraUSD, the stablecoin. Previous Luna tokens are now branded as “LunaContinue Reading

U.S. equity markets ended the week on a high note. The Dow Jones industrial average rose 1.76% to close at 33212.96. The S&P 500 jumped 2.47% to close at 4158.24. The Nasdaq composite leaped 3.33% to close at 12131.13. Friday’s rally in equities was assisted by the personal consumption expenditure price index, which rose 4.9%Continue Reading

U.S. equities markets rallied on Wednesday’s trading. The Dow Jones Industrial Average rose 1.61% to close at 32637.19. The S&P 500 climbed 1.99% to close at 4057.84. The Nasdaq composite gained 2.68% to close at 11740.65. Wednesday’s rebound could be a short-term recovery after equities saw heavy selling over the past month. Global macro-economic factorsContinue Reading

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