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US stocks logged their worst month of the year in September, ending their final trading day of the third quarter in the red.
BTC’s return on investment dwarfs other traditional products, with the growth of Bitcoin outperforming some of the established banking sector stocks.
Retail sales in the U.S. rose 0.7% on a monthly basis to $618.7 billion in August. The rebound comes after retail sales plunged by a revised 1.8% in July.
As oil prices edge higher despite Hurricane Ida disrupting U.S. production, gold is still struggling to find its footing.
Shares in Alibaba have tumbled a whopping 7% in Hong Kong after news of Beijing’s plan to break up Ant Group’s Alipay hit the market.
The dollar is off to a quiet start to kick off the week as the greenback inched higher owing to new U.S. inflation figures.
Gold futures traded slightly higher on Thursday, buoyed by a weaker U.S. dollar and a fall in yields as initial jobless claims drop.
Despite holding a steady position on Wednesday, the S&P 500 was still flat for the month of September, as investors have their guard up for this month.
Stocks edged lower on Tuesday as the S&P 500 tied a bow on its seventh straight month in the green—its longest winning streak since 2017.
Stocks of the major averages rose on Friday and closed the week in the green as Fed Chairman Jerome Powell prepared the markets to start tapering this year.
The S&P fell from a record Thursday as investors stay glued to their screens to hear more about the Fed’s plan to pull back on monetary stimulus.
Despite recording historical lows amid the COVID-19 pandemic, the top 10 largest stock exchanges cumulatively raked in more than $12 trillion this year.
