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The Dow Jones Industrial Average and other U.S. stock indexes soared Wednesday afternoon, not because the Federal Reserve left interest rates unchanged, but because there will be no more rate hikes. Markets began to celebrate after Federal Reserve Chairman Jerome Powell said the next policy move is unlikely to be a rate hike.
The Dow Jones Industrial Average and other U.S. stock indexes fell on Tuesday morning as strong jobs data raised expectations that the Federal Reserve would not cut interest rates any time soon.
If you receive Supplemental Security Income, you’ll receive two checks next month, thanks to a quirk in the schedule.
SSI payments are typically made on the first of each month. However, this year June 1st falls on a Saturday, so payment will be made on Friday, May 31st. according to payment calendar Provided by the Social Security Administration. This means that no payments will be made in June.
MicroStrategy reported a net loss of $53.1 million, or $3.09 per share. In the first quarter earnings report However, it plans to buy more Bitcoin later this year. The business analytics software company’s stock plummeted more than 16% in the afternoon on the news.
It was a tough day for the Dow and other indexes, as a stronger-than-expected jobs report fueled speculation that the Federal Reserve might not cut interest rates any time soon. The Federal Open Market Committee (FOMC) meeting begins today, and interest rate decisions are expected to be made on Wednesday afternoon.
The value of Bitcoin continued to decline as the Hong Kong Bitcoin ETF and Ether ETF failed to impress investors upon their debut. Six crypto-related ETFs were recently listed. on the Hong Kong Exchange. The Bitcoin ETF contributed $8.5 million in volume and the Ether ETF brought in $2.5 million. As a comparison, the issuer originally expected the transaction volume to be $100 million. According to media reports.
U.S. stocks were mixed on Wednesday as investors digested the Fed’s announcement that the fight against inflation is too far gone to cut interest rates. The Dow Jones Industrial Average rose more than 200 points before Fed Chairman Jerome Powell’s speech, while the S&P 500 and Nasdaq remained roughly flat.
Cryptocurrency exchanges Coinbase and Jack Dorsey’s Block released big earnings reports on Thursday, sending the price of Bitcoin above $61,000 on Friday morning.
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“The Dow Jones Industrial Average and other U.S. stock indexes soared Wednesday afternoon, not because the Federal Reserve kept interest rates on hold, but because they won’t hold them any longer…”
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Source link: https://qz.com/apple-stock-buyback-bitcoin-price-fed-interest-rates-1851454642
