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New York Stock Market

Dow Jones Index Drops Amid Economic Concerns and Fed Rate Watch

by Priya Shah – Business Editor September 6, 2025

written by Priya Shah – Business Editor

Dow Closes ‌Down⁢ Amid Weak Jobs ⁤Report, Rate Cut Hopes

NEW YORK (september 6, 2024) – The Dow Jones Industrial Average closed lower Friday, as investors reacted to a weaker-than-expected‍ U.S. jobs report and continued⁣ speculation about potential interest rate cuts‍ by the Federal Reserve. The Dow finished down 220.43 points, ⁣or -0.48%, at 45,400.86. The S&P 500 closed at 6,481.50,down 20.58 points or -0.32%, while the NASDAQ Composite edged down 7.30 points, or -0.03%, to 21,700.39.

For the week, the Dow decreased by 0.3%, while the S&P ⁢500 gained 0.3% and the NASDAQ increased ‌by ‍1.1%.

The U.S. Labor Department reported ⁣the addition‌ of‌ only 22,000 jobs in⁢ August, significantly below the⁣ anticipated 75,000. This data fueled initial market⁤ optimism regarding potential Fed easing, with some investors predicting a possible 0.50% interest rate reduction as early ⁢as this⁣ month.Bank stocks ‌were among the hardest hit,‍ falling 2.4% within the S&P 500. Though,Broadcom shares surged 9.4% after announcing‍ a $10 billion artificial intelligence (AI)⁣ order from a new⁢ customer and forecasting ⁤fourth-quarter revenue above estimates, providing some support to the market.

Analysts are now focused on next week’s inflation⁤ data, with the ⁤monthly Consumer Price ‍Index (CPI) scheduled‍ for release on Thursday.

“Employment‌ report on Friday⁣ confirms the weak labor ‌market. And is the reason to support interest reduction in the ⁤Fed meeting this month,” one analyst stated.

BOFA ⁣Global Research anticipates the Fed will lower interest rates by 0.25% in both September and december. LSEG data ⁢indicates the U.S. interest market assesses a 7% probability of a ⁤0.50% rate cut at the September‍ 16-17 meeting, and a 93% probability of a 0.25% reduction.

The prospect of lower rates‌ boosted real estate stocks, up 1%, and the Philadelphia residential stock index, rising ‌2.1%.

Conversely, Kenvue shares dropped 9.3% following a Wall Street Journal report citing a source that‌ linked the use⁢ of Kenvue’s Tylenol during pregnancy to potential autism occurrences. Lululemon Athletica⁣ also ⁢saw a notable decline, falling 18.6% after⁤ lowering its full-year⁣ forecast.

(Source: infoquest News Agency, September 6, 2024)

September 6, 2025 0 comments

Business

Apple momentarily surpasses Microsoft as essentially the most beneficial firm

by Chief editor of world-today-news.com June 14, 2024

written by Chief editor of world-today-news.com

NY. Apple surpassed Microsoft in market capitalization, after its shares continued to rise this Wednesday on Wall Road, pushed by the announcement of the incorporation of a brand new generative synthetic intelligence (AI) system to its units.

The iPhone maker’s shares rose as a lot as 5.01 % in New York Inventory Change buying and selling, after gaining 7.26 % on Tuesday, which took the inventory to all-time highs.

Thus, Apple registered a worth of three,336 billion {dollars} within the inventory market through the session, and was momentarily in first place above Microsoft, with a capitalization of three,256 billion {dollars}, whereas Nvidia, a star semiconductor producer, positioned in third place with 3,114 billion.

On the shut of market hours, Apple shares fell barely and had been left with a acquire of two.86 %, at $213.07, with a inventory market worth of $3.26 billion, so it was as soon as once more surpassed by Microsoft, the most important firm. beneficial.

The 2 firms have market capitalizations of greater than $3 trillion, as does semiconductor star Nvidia.

(With editorial info)

#Apple #momentarily #surpasses #Microsoft #beneficial #firm
– 2024-06-14 22:48:17

June 14, 2024 0 comments

Business

Aimia Raises $32.5M and Announces Changes to its Board Amid Unsolicited Buyout Offer

by Chief editor of world-today-news.com October 14, 2023

written by Chief editor of world-today-news.com

(Illustration: Camille Charbonneau)

Here is a selection of announcements that have (or will) move the prices of these companies:

(Come back and read us from time to time
so as not to miss any updates)

Aimia raises $32.5M and announces changes to its board

Aimia (AIM) has signed an agreement that will allow it to raise a maximum of $32.5 million through a private placement of shares and warrants that will be used to finance its activities and support its strategic investment plans.

The deal comes as the company faces an unsolicited buyout offer from its largest shareholder. Mithaq Canada, a wholly owned subsidiary of Mithaq Capital SPC, offered $3.66 per share in an offer that also includes closing down Aimia’s capital.

As part of the private placement announced Friday, before markets open, Aimia says it will issue a maximum of 10,475,000 shares and 10,475,000 share purchase warrants. The shares and related warrants will be issued at $3.10, while the warrants will be exercisable at $3.70 per share.

In a statement, Mithaq said Aimia’s transaction was “an unnecessary, dilutive private placement by a company that does not need additional money.”

Mithaq went on to argue that the deal was “nothing more than an attempt by Aimia’s board and management to entrench themselves and protect their jobs, rather than confronting the reality that the best option for shareholders is to accept Mithaq’s offer.

Aimia sold its flagship Aeroplan loyalty program to Air Canada in 2019 and reinvented itself as an investment holding company. Its shares fell 7 cents on Friday on the Toronto Stock Exchange, where they closed at $3.45.

The company says that assuming the private placement is fully subscribed and all warrants are exercised, the maximum number of shares that could be issued under the private placement would represent 24.89% of its currently outstanding shares on an undiluted basis.

In connection with and subject to the closing of the private placement, Aimia added that it would appoint Thomas Finke and Yannis Skoufalos as independent directors. Mr. Finke will also be named Chairman of the Board of Directors.

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2023-10-13 23:57:21
#Stocks #action #Aimia

October 14, 2023 0 comments

Business

Indices and Stock Market Conditions, Oil, Gold, and Foreign Money Markets as of July 10, 2023

by Chief editor of world-today-news.com July 11, 2023

written by Chief editor of world-today-news.com

Indices and stock market conditions, oil, gold and foreign money markets as of 10 July 2023

— The Dow Jones New York Stock Exchange closed up more than 200 points on Monday (July 10) after many Federal Reserve officials (Fed) signaled that The Fed is nearing the end of its cycle of tightening monetary policy. While investors keep an eye on the release of US inflation figures. And report second-quarter results of listed companies this week.

The Dow Jones Industrial Average closed at 33,944.40 points, an increase of 209.52 points, or +0.62%, the S&P500 closed at 4,409.53 points, an increase of 10.58 points, or +0.24%, and the Nasdaq Index closed at 13,685.48 points, an increase of 24.77 points, or +0.18%.

— European stock markets closed higher on Monday (July 10), with travel and leisure stocks leading the market higher. and offset the impact of weak Chinese inflation data, which indicates sluggish demand in the world’s second-largest economy.

The STOXX 600 Index closed at 448.47 points, up 0.82 points, or +0.18%.

The French stock market CAC-40 index closed at 7,143.69 points, an increase of 31.81 points or +0.45%, the German stock market DAX index closed at 15,673.16 points, an increase of 69.76 points or +0.45% and the FTSE 100 London stock market index closed at 7,273.79 points, an increase of 16.85 points or +0.23%

— The London stock market closed higher on Monday (July 10), supported by gains in energy stocks. while mining stocks declined After China released weak economic data. This raised new concerns about slowing demand.

The FTSE 100 London Stock Exchange closed at 7,273.79 points, up 16.85 points, or +0.23%.

— New York’s West Texas Intermediate (WTI) crude futures closed lower on Monday (July 10), with the market pressured by investors taking profits after the week’s strong rally in oil prices. last as well as concerns that the Federal Reserve’s continued interest rate hikes will affect the economy and demand for oil.

The WTI crude oil contract is delivered in August. It was down 87 cents, or 1.18%, at $72.99/barrel.

The Brent crude oil contract (BRENT) is delivered in September. It was down 78 cents, or 0.99%, at $77.69 a barrel.

— New York gold futures closed slightly lower on Monday (July 10), as investors watched the release of US inflation data this week. To find a signal indicating the interest rate direction of the Federal Reserve (Fed).

The COMEX (Commodity Exchange) gold contract is delivered in August. down $1.5, or 0.08%, to close at $1,931/ounce.

Silver metal contracts delivered in September. rose 5.60 cents, or 0.24%, to settle at $23.345/ounce.

The platinum contract was delivered in October. increased $ 16.30, or 1.77%, to close at $ 934.80 / ounce

The palladium contract will be delivered in September. down $ 8.40, or 0.7%, to close at $ 1,236.70 / ounce.

— The US dollar weakened against major currencies in trading on the New York Stock Exchange on Monday (July 10) after several Federal Reserve officials (Fed) signaled that The Fed is nearing the end of its cycle of tightening monetary policy. While investors keep an eye on the release of US inflation figures.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.30 percent to 101.9780.

The dollar was weaker against the yen at 141.3010 yen from Friday’s 142.1470 level, while the Swiss franc was at 0.8854 francs from Friday’s level of 142.1470. 0.8887 franc, weakened against the Swedish krona at 10.7647 krona from 10.8309 but appreciated against the Canadian dollar at 1.3279 from 1.3272.

The euro was higher against the dollar at $1.0999 from $1.0967, while the pound was higher at $1.2856 from $1.2838.

DJIA New York Stock Exchange index closed at 33,944.40 points, up 209.52 points, +0.62%.

The S&P500 New York Stock Exchange closed at 4,409.53 points, up 10.58 points, +0.24%.

The NASDAQ New York Stock Exchange closed at 13,685.48 points, up 24.77 points, +0.18%.

The FTSE 100 London Stock Exchange closed at 7,273.79 points, up 16.85 points, +0.23%.

French stock market CAC-40 index closed at 7,143.69 points, up 31.81 points, +0.45%.

DAX German stock market index closed at 15,673.16 points, up 69.76 points, +0.45%.

The Australian S&P/ASX 200 Index closed at 7,004.00, down 38.30 points, -0.54%.

Australian stock market ALL ORDINARIES index closed at 7,206.90 points, down 37.20 (0.51%

The NIKKEI 225 Japanese stock market closed at 32,189.73 points, down 198.69 points, -0.61%.

The South Korean stock market KOSPI index closed at 2,520.70 points, down 6.01 points, -0.24%.

Taiwan stock market TAIEX index closed at 16,652.80 points, down 11.41 points, -0.07%.

China SSE Composite Index closed at 3,203.70 points, up 7.09 points, +0.22%.

Hong Kong stock market HSI index closed at 18,479.72 points, up 114.02 points, +0.62%.

Indian stock market SENSEX index closed at 65,344.17 points, up 63.72 points, +0.10%.

Indonesia’s Jakarta Composite Index closed at 6,731.04 points, up 14.58 points, +0.22%.

The Philippine Stock Exchange PSE Composite Index closed at 6,379.72 points, up 0.69 points, +0.01%.

FBMKLCI Malaysian stock market index closed at 1,383.06 points, up 5.39 points, +0.39%.

The FTSE STI Singapore Stock Exchange closed at 3,149.32 points, up 9.85 points, +0.31%.

2023-07-11 00:19:38
#World #Markets #Summary #stock #market #oil #gold #foreign #currency #markets

July 11, 2023 0 comments

Business

Indices and Stock Market Conditions: June 27, 2023 – Dow Jones, European Stocks, Oil, Gold, and Foreign Markets

by Chief editor of world-today-news.com June 28, 2023

written by Chief editor of world-today-news.com

Indices and stock market conditions, oil, gold and foreign money markets as of 27 June 2023.

— The Dow Jones New York Stock Exchange closed up more than 200 points on Tuesday (June 27) after the US released strong economic data. This helped ease investor concerns about a recession caused by aggressive interest rate hikes by the Federal Reserve (Fed).

The Dow Jones Industrial Average closed at 33,926.74 points, a gain of 212.03 points, or +0.63%, the S&P 500 Index closed at 4,378.41, a gain of 49.59 points, or +1.15%, and the Nasdaq Index closed at 13,555.67, a gain of 219.89 points, or +1.65%.

— European stock markets closed higher on Tuesday (June 27), supported by financial and luxury stocks. Because investors expect China will continue to stimulate the economy. But the policy stern comments of European Central Bank (ECB) President Christine Lagarde have limited the market’s rally.

The STOXX 600 Index closed at 452.90 points, up 0.22 points, or +0.05%.

The French stock market CAC-40 index closed at 7,215.58 points, an increase of 31.23 points or +0.43%, the German stock market DAX index closed at 15,846.86 points, an increase of 33.80 points or +0.21% and the FTSE 100 London stock market index closed at 7,461.46 points, an increase of 7.88 points or +0.11%

— The London stock market closed higher on Tuesday (June 27) as Chinese-related stocks rose. After China revealed that Economic growth picks up in the second quarter, but a drop in oil and healthcare stocks limits the market’s gains.

The FTSE 100 London Stock Exchange closed at 7,461.46 points, up 7.88 points, or +0.11%.

— New York’s West Texas Intermediate (WTI) crude futures closed more than 2% lower on Tuesday (June 27) after signs that central banks continued to raise. interest rates to curb inflation This has made investors worried about the impact it will have on the economy and oil demand.

The WTI crude oil contract is delivered in August. down $ 1.67, or 2.41%, to $ 67.70 / barrel.

The Brent crude oil contract (BRENT) was delivered in August. It was down $1.92, or 2.59%, at $72.26/barrel.

— New York gold futures closed lower on Tuesday (June 27), with the market pressured by rising US bond yields. and concerns that central banks around the world will continue to raise interest rates to curb inflation.

The COMEX (Commodity Exchange) gold contract is delivered in August. down $ 10, or 0.52%, to close at $ 1,923.80 / ounce

Silver metal contracts delivered in July. rose 13.40 cents, or 0.59%, to close at $22.96/ounce.

The platinum contract was delivered in July. up $1.10, or 0.12%, to close at $934/ounce.

The palladium contract will be delivered in September. It was down $8.60, or 0.7%, at $1.294.10/ounce.

– The euro strengthened against the US dollar. In trading at the New York Foreign Exchange Market on Tuesday (June 27) after European Central Bank (ECB) President Christine Lagarde signaled to continue raising interest rates. because inflation remains high

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.20 percent at 102.4918.

The euro was higher against the dollar at $1.0960 from $1.0915, while the pound was higher at $1.2751 from $1.2721.

The US dollar weakened against the Swiss franc at 0.8931 francs from 0.8949 francs and against the Swedish krona at 10.7178 from 10.7211 krona. But the dollar was stronger against the Canadian dollar at 1.3182 CAD from 1.3145 CAD. And appreciated against the yen at 144.0130 yen from 143.4470 yen.

DJIA New York Stock Exchange index closed at 33,926.74 points, up 212.03 points, +0.63%.

The S&P500 New York Stock Exchange closed at 4,378.41 points, up 49.59 points, +1.15%.

The NASDAQ New York Stock Exchange closed at 13,555.67 points, up 219.89 points, +1.65%.

The FTSE 100 London Stock Exchange closed at 7,461.46 points, up 7.88 points, +0.11%.

French stock market CAC-40 index closed at 7,215.58 points, up 31.23 points, +0.43%.

DAX German stock market index closed at 15,846.86 points, up 33.80 points, +0.21%.

The Australian S&P/ASX 200 Index closed at 7,118.20 points, up 39.50 points, +0.56%.

The Australian stock market ALL ORDINARIES index closed at 7,300.00 points, up 35.90 points, +0.49%.

The Japanese stock market NIKKEI 225 index closed at 32,538.33 points, down 160.48 points, -0.49%.

The South Korean stock market KOSPI index closed at 2,581.39 points, down 0.81 points, -0.031%.

Taiwan stock market TAIEX index closed at 16,887.90 points, down 171.34 points, -1.00%.

The SSE Composite index of the Chinese stock market closed at 3,189.44 +38.82 points, +1.23%.

Hong Kong stock market HSI index closed at 19,148.13 points, up 354.00 points, +1.88%.

Indian stock market SENSEX index closed at 63,416.03 points, up 446.03 points, +0.71%.

Indonesia’s Jakarta Composite Index closed at 6,661.88 points, down 2.79 points, -0.04%.

The Philippine Stock Exchange PSE Composite Index closed at 6,502.85 points, down 20.24 points, -0.31%.

FBMKLCI Malaysian stock market index closed at 1,386.74 points, down 3.14 points, -0.23%.

The FTSE STI Singapore Stock Exchange closed at 3,205.35 points, up 15.67 points, +0.49%.

2023-06-28 00:19:37
#World #Markets #Summary #stock #market #oil #gold #foreign #currency #markets

June 28, 2023 0 comments

Business

“Stock Market Update on May 23, 2023: Dow Jones, Oil, Gold & Foreign Money Markets”

by Chief editor of world-today-news.com May 24, 2023

written by Chief editor of world-today-news.com

Indices and stock market conditions, oil, gold and foreign money markets as of May 23, 2023.

— The Dow Jones New York Stock Exchange closed on Tuesday (May 23), with the market pressured by concerns that the United States may default on its debt if the White House and Congress fail to reach an agreement to extend the debt ceiling. Investors are keeping an eye on the minutes of the Federal Reserve’s May meeting and the US Personal Consumption Expenditure (PCE) price index this week. to find a signal indicating the direction of the Fed interest rate

The Dow Jones Industrial Average closed at 33,055.51 points, down 231.07 points or -0.69%, the S&P 500 closed at 4,145.58 points, down 47.05 points or -1.12%, and the Nasdaq Index closed at 12,560.25 points, down 160.53 points or -1.26%.

— European stocks closed lower on Tuesday (May 23), pressured by falling luxury shares and the release of a disappointing earnings report from wealth management firm Julius Baer. Switzerland While investors continue to keep an eye on the release of eurozone economic data. and the issue of the US debt ceiling

The STOXX 600 index closed at 466.10 points, down 2.81 points or -0.60%.

The French stock market CAC-40 index closed at 7,378.71 points, down 99.45 points or -1.33%, the DAX German stock market index closed at 16,152.86 points, down 71.13 points or -0.44% and the FTSE 100 London stock market index closed at 7,762.95 points, down 8.04 points or -0.10%

— The London stock market closed lower on Tuesday (May 23) as uncertainty over a US debt ceiling deal weighed on market sentiment. While Burberry shares fell along with European luxury shares.

The FTSE 100 London Stock Exchange closed at 7,762.95 points, down 8.04 points or -0.10%.

— West Texas Crude Oil (WTI) New York market closed higher on Tuesday (May 23) in response to increasing demand for gasoline in the United States. Saudi Arabia issued a warning to speculators who sold short in the market.

The WTI crude oil contract is delivered in July. It was up 86 cents, or 1.19%, at $72.91 a barrel.

The Brent crude oil contract (BRENT) is delivered in July. It was up 85 cents, or 1.12%, at $76.84 a barrel.

— New York gold futures closed for the second straight day on Tuesday (May 23), as the dollar’s strength and rising US Treasury yields weighed on the market.

The COMEX (Commodity Exchange) gold contract is delivered in June. down $ 2.70, or 0.14%, to close at $ 1,974.50 / ounce.

Silver metal contracts delivered in July. down 23.70 cents, or 0.99%, to close at $23.624/ounce.

The platinum contract was delivered in July. fell $ 19.70, or 1.83%, to close at $ 1,057.60 / ounce.

The palladium contract will be delivered in June. plunged $ 45.50, or 3.1%, to close at $ 1,446.70 / ounce.

— The US dollar strengthened against major currencies in trading on the New York Stock Exchange on Tuesday (May 23) as investors bought the safe-haven dollar. After negotiations to raise the debt ceiling between the White House and Congress have not progressed.

The dollar index, which measures the greenback against a basket of six major currencies, was up 0.28 percent to 103.4864.

The dollar was last against the Swiss franc at 0.9013 francs from 0.8970 francs on Monday (May 22) and against the Swedish krona at 10.6239 kronor. Na from 10.5523 krona, but the dollar weakened against the yen at 138.5240 yen from 138.5500 yen and against the Canadian dollar at 1.3505 from CAD 1.3507.

The euro was weaker against the dollar at $1.0775 from $1.0819, while the pound was weaker to $1.2417 from $1.2442.

The DJIA New York Stock Exchange index closed at 33,055.51 points, down 231.07 points, -0.69%.

The S&P500 New York Stock Exchange closed at 4,145.58 points, down 47.05 points, -1.12%.

The NASDAQ New York Stock Exchange closed at 12,560.25 points, down 160.53 points, -1.26%.

The FTSE 100 London Stock Exchange closed at 7,762.95 points, down 8.04 points, -0.10%.

The French stock market CAC-40 index closed at 7,378.71 points, down 99.45 points, -1.33%.

DAX German stock market index closed at 16,152.86 points, down 71.13 points, -0.44%.

The Australian S&P/ASX 200 Index closed at 7,259.90, down 3.40 points, -0.05%.

The Australian stock market ALL ORDINARIES index closed at 7,447.40 points, down 3.30 points, -0.04%.

The Japanese stock market NIKKEI 225 index closed at 30,957.77 points, down 129.05 points, -0.42%.

The South Korean stock market KOSPI index closed at 2,567.55 points, up 10.47 points, +0.41%.

Taiwan stock market TAIEX index closed at 16,188.03 points, up 7.14 points, +0.04%.

The SSE Composite index of the Chinese stock market closed at 3,246.24 points, down 50.23 points, -1.52%.

Hong Kong stock market HSI index closed at 19,431.25 points, down 246.92 points, -1.25%.

Indian stock market SENSEX index closed at 61,981.79 points, up 18.11 points, +0.03%.

Indonesia’s Jakarta Composite Index closed at 6,736.68 points, up 7.04 points, +0.10%.

The Philippine Stock Exchange PSE Composite Index closed at 6,603.56 points, down 17.27 points, -0.26%.

FBMKLCI Malaysian stock market index closed at 1,411.54 points, down 7.46 points, -0.53%.

The FTSE STI Singapore Stock Exchange closed at 3,218.08 points, up 6.99 points, +0.22%.

2023-05-24 00:08:36
#World #Markets #Summary #stock #market #oil #gold #foreign #currency #markets

May 24, 2023 0 comments

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