Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Published: 17/06/2019 15:30 EST By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes […]

Hidden Economic Boom Won’t Stop Fed Rate Cut

By CCN Markets: The Dow Jones bounced back into recovery mode on Thursday, regaining its momentum from an initial breakout above 26,000 last Friday. Heading into the afternoon session, the Dow had gained 53.54 points or 0.21 percent to trade at 26,058.37, and analysts say that there are ample reasons for it to continue to […]

Dow Bounces Back Because July Rate Cut Odds Ballooned to 89%

By CCN Markets: The Dow and broader U.S. stock market advanced on Thursday, as investors found a silver lining in the recent string of downbeat data releases. By this time next week, markets will have a clearer picture of whether the Federal Reserve will indeed lower interest rates at its end-of-July policy meeting. Dow Rises; […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Clambers Higher as Fed Sharpens Knife for Impending Rate Cut

  By CCN: The Dow and broader U.S. stock market extended their winning streaks on Thursday, as Federal Reserve officials began preparations for a high stakes policy meeting later this month. If the Fed is willing to cut interest rates in July as markets believe, then evidence to that effect will likely materialize later this […]

Stock Market’s Silly Rate Cut Rally Could Easily End in S&P 500 Implosion

By CCN: The stock market has officially exited its mid-year slump. The Dow Jones surged more than 500 points on Tuesday. It added more than 200 points to the tally today. The S&P 500, meanwhile, has climbed nearly four percent from its recent low. This massive reversal in sentiment came about as the Fed has […]

EOS Polls Show Overwhelming Support for Slashed Inflation Rate

According to an online poll result released on June 1, 2019, statistics show that EOS account holders have voted in favor of a massive slash in the annual inflation rate, from five to one percent. The poll comes as a result of the excess inflation rate accumulated over time on the platform’s account. EOS Community Votes […]

Dow Futures Surge as Billionaire Investor Speculates Fed Rate Plunge to Zero

By CCN: Dow Jones futures carved out a spirited triple-digit rally in early trading on Tuesday as the market priced in a more dovish Federal Reserve policy. Traders now expect a series of interest rate cuts at the Fed beginning as soon as July. One billionaire investor said the Fed could even slash the fund […]

Tim Draper Says Ethereum’s Issuance Rate of 2%-4% ETH Worries Him

By CCN: Billionaire venture capitalist Tim Draper is one of the biggest advocates of the cryptocurrency space. He is famous for his bullish $250,000 bitcoin price prediction, which would reflect a 5% market share around the world in the coming years. Draper supports competition in the space and in addition to bitcoin is also a […]