Global Market

August 5, 2024 10:14 PM

Dow drops over 1000 points, Nasdaq slides 6% in global market rout

The US stock market experienced a plunge, with the Dow Jones opening more than 1000 points lower. The downturn follows a global market sell-off, shaking investor confidence and raising concerns about an impending recession. During the early hours of trading, the Dow Jones Industrial Average (DJIA) plummeted by 1,083.07 points, a decline of 2.79%, settling at 38,654.19. The tech-heavy Nasdaq Composite Index saw an even steeper drop, losing 680.15 points, or 4.05%, to reach 16,196.01. Meanwhile, ...

May 20, 2024 11:55 PM

Global Markets Gain with U.S. Stocks; Commodities Surge to Record Levels

U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by the tech-heavy Nasdaq. Copper, a barometer of economic sentiment, surged to a record high after China announced steps to shore up its crisis-hit property sector. "Historically, when you've seen these single commodity run-ups...

May 16, 2024 3:33 PM

Global stocks and bonds bask in rate cut hopes

World stocks hit a record high and bond markets rallied on Thursday as galvanized hopes of interest rates cuts in the United States and other major economies extended a powerful month-long global bull run. Investors were still basking in the glow of Wednesday's mild U.S. inflation data as well as growing optimism in Asia that China was finally looking at the kind of measures that might ease its property crisis. MSCI's benchmark world stocks index, which tracks 47 countries, was up for a sixth ...