Intel, American Express stock losses lead to Dow’s 75-point drop

Shares of Intel and American Express see declines Monday morning, dropping the Dow Jones industrial average to negative territory. Intel INTC shares, -2.86% And American Express AXP, -2.72% Contributing to the decline of the index within the day, as Dow DJIA, -0.29% It was recently down 76 points (0.3%). Shares of […]

The Hong Kong Stock Market Index stood at 30,000 – this chart helps show why

After last year’s slow performance, the Hong Kong stock index performed a sharp rebound to push 30,000 for the first time since 2019. Analysts attribute the rise in the Hang Seng HSI index, 2.41% Chinese investors who found domestic value stretched more and more, and sought to accumulate shares of other […]

Gold moves lower as the dollar strengthens ahead of this week’s Fed meeting

Gold futures contracted on Monday, giving up on previous gains as government bond yields continued to pick up and the US dollar strengthened ahead of the Federal Reserve meeting on monetary policy later this week. Precious metal prices initially climbed on Monday “ahead of what is expected to be another ion […]

Why do markets go crazy? One study suggests smartphones

Low interest rates? Bored merchants stuck at home? New research suggests an alternative explanation for the jump in speculative activity. Smartphones. A study circulated by the National Bureau of Economic Research found that smartphone use increases the purchase of risky assets and lottery types, and pursues past returns. The researchers examined […]

GameStop shares jumped 44% in pre-market trading as the epic continued

GameStop GME, + 35.06% Shares jumped 44% in the pre-market action after hitting 51% on Friday. The spectacular gains came after grocery retailer Citron Research and speculative buyers organized by Reddit clashed around the video game retailer. After the markets close on Friday, Citron has released a video claiming the stock […]