Russell 2000 index rises by 2.38% The major stock indices all closed sharply higher with the Russell 2000 of small-cap stocks outperforming with a gain of 2.38%. The Dow industrial average is closing at a record high of 31961.86. It reached an intraday all-time high of 32009.64. A look at the closing levels shows Russell index up 53.08 points or
Month: February 2021
Daily cases top 10,000 for the first time in seven days That sees total active cases increase slightly to ~119,000 as the overall virus situation looks to meet a bit of a peak in terms of improvement as of late. The 7-day incidence rate has also crept higher to 61.7 – topping the 61.0 reading
MUMBAI: The rupee depreciated 6 paise to 72.41 against the US dollar in opening trade on Thursday tracking weakness in Asian peers. At the interbank forex market, the domestic unit opened at 72.35 against the US dollar, then lost further ground and touched 72.41, registering a fall of 6 paise over its previous close. On
After breaking above US$ 60/bbl, both crude oil benchmarks strengthened further despite surprising stockbuild in the US. The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -13.81 mmb to 1284.77 mmb in the week ended February 19. Crude oil inventory added +1.29 mmb
Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia beat elevated analyst expectations for both earnings and revenue for the fourth quarter of its fiscal year, which ended in December. Nvidia stock rose under 2% in extended trading. Here’s how Nvidia did: Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by
NZD/USD defies pullback from August 2017 top following its bounce off 0.7420. Weekly closing becomes the key for Kiwi bulls, ascending trend line from March 2020 offers key support. NZD/USD trims intraday losses while picking up bids to 0.7438, down 0.15% on a day, while heading into the European session on Thursday. The quote jumped
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In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be “the first digital currency to represent a fiat currency” issued and backed by a North American bank. VersaBank said
German DAX, +0.8%. France’s CAC, +0.3%. UK’s FTSE 100, +0.6%. The major European indices erased earlier declines and are closing higher on the day. A snapshot of the provisional closes shows: German DAX, +0.8%. The low for the day reached -0.06 percent France’s CAC, +0.3%. The low for the day reach -0.37% UK’s FTSE 100,
Forex news from the European trading session – 24 February 2021 Headlines: Markets: NZD leads, JPY lags on the day European equities higher; E-minis up 0.4% US 10-year yields up 3.2 bps to 1.374% Gold up 0.1% to $1,807.51 WTI up 1.0% to $62.26 Bitcoin up 6.2% to $50,922 It was a largely quiet session
NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session. Silver also declined Rs 886 to Rs
Selling focus appears to be turning to Yen as markets enter into US session. Swiss Franc remains weak but the decline is slowing slightly. Dollar and Euro are also soft, but both are supported by buying against Yen and Franc. On the other hand, commodity currencies remain the strongest ones for today as led by
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher
WTI managed to move above $63.00 on Wednesday, as bulls eye a test of 2020 highs in the mid-$65.00s. Positive vaccine news and a generally strong macro backdrop continue to underpin crude oil markets. Front-month futures contracts for the American benchmark for sweet light crude oil, West Texas Intermediary (or WTI), continues to advance to
Thorchain’s native token RUNE gained 30% in the last 24 hours after crypto venture firm Multicoin Capital revealed that it has accumulated a large position in the asset. RUNE was trading at roughly $3.90 on Feb. 23 before Multicoin announced their investment, which sent prices soaring to new all-time highs at $5.61. RUNE/USD: CoinGecko THORChain’s
NASDAQ closes lower for the 5th time in 6 trading days S&P index and Dow industrial average moved higher on the day, but the NASDAQ continued its moved to the downside. S&P index closed higher for the 1st time in 6 trading days NASDAQ index closed lower for the 5th time in 6 trading days
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