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Market News

Location American Market News for 30 June 2023
Here are some of the major companies whose stocks moved on the week's news.
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Economic Optimism Powers Stocks' Robust First-Half Rally

Wall Street Journal - 30 Jun 2023 22:44
The Nasdaq hasn't started a year better through June since 1983.
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The Macroeconomic And Real Estate Situation At Mid-Year: Cue The FOMC Again Recent reports on income growth, housing construction, and inflation expectations mean that the FOMC will almost certainly resume raising interest rates.
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Following The Money: Tech, Consumer Discretionary Are Attracting Assets Consumer Discretionary and Technology are considered to be offensive, risk on sectors that represent appetite for risk. As such, they represent an internal bet by the market -- based on the movement of real money -- that...
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Apple at $3 Trillion Is a Vision Quest

Wall Street Journal - 30 Jun 2023 18:09
The stock's big run comes ahead of an expected sales slowdown, reflecting hype over the next big thing.
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Govt hikes small savings interest rates, others remain unchanged - Check rates for NSC, Sukanya Samriddhi, others The interest rate on the Public Provident Fund (PPF) has yet again been kept unchanged at 7.1 per cent.
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Cruise Line Stocks Make Huge Gains As Demand Soars Carnival and Royal Caribbean have seen huge uplifts to their share prices in 2023 and have the earnings reports to back up the buoyancy.
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U.S. Drought Threatens to Prop Up Food Inflation

Wall Street Journal - 30 Jun 2023 17:00
Crop prices are higher as a dry spell spans America's breadbasket.
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What the Supreme Court's Student-Loan Decision Means for You

Wall Street Journal - 30 Jun 2023 16:37
From what happens next to when payments are resuming.
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SEC Says Spot Bitcoin ETF Filings Are Inadequate

Wall Street Journal - 30 Jun 2023 15:35
The regulator informed Nasdaq and Cboe that recent filings from BlackRock, Fidelity and others aren't sufficiently clear and comprehensive.
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Apple Hits $3 Trillion Market Value--And Could Soar Another $800 Billion The iPhone maker is as valuable as Tesla, Berkshire Hathaway, Meta and Netflix- combined.
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Which Stock Is A Better Pick For The Next Three Years - FedEx Or UNH? Although these companies are from different sectors, we compare them because they have a similar P/EBIT ratio of 14x-15x.
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Small savings schemes interest rates hiked by 30 bps for July-September quarter. Check details here The interest rates on small savings schemes are typically reviewed every quarter by the government
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Brookfield Seeks Hard-to-Get Prize in American Equity Deal

Wall Street Journal - 30 Jun 2023 14:00
Private-equity firms have been trying to buy the annuities seller for years.
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Hong Kong's Crypto Hail Mary Is Risky Business

Wall Street Journal - 30 Jun 2023 13:25
The city is jumping into the gap left by the U.S. on cryptocurrencies--despite a very different attitude in mainland China.
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What To Expect From Snap Stock?

Forbes - 30 Jun 2023 13:00
What To Expect From Snap Stock? Snap's stock (NYSE: SNAP) has gained roughly 30% YTD as compared to the 14% rise in the S&P500 index over the same period.
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Should You Buy This FTSE 100 Dividend Stock Today? City analysts expect dividends at this FTSE 100 share to soar during 2023 and 2024. But does this make it a wise stock pick for income investors?
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Just Do It: Nike Shares Are a Buy

Wall Street Journal - 30 Jun 2023 12:30
The footwear giant has addressed many investor concerns, and its stock is cheap.
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Why Are EV Component Stocks Underperforming? Our theme of EV Supplier stocks has been a mixed performer this year, rising by about 9% year-to-date, compared to the S&P 500 which has gained over 14% over the same ...
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Treasury Yields Resume Climb as Investors Bet on Growth

Wall Street Journal - 30 Jun 2023 11:30
U.S. government yields rebounded in the second quarter as strains from bank failures and the debt-ceiling crisis eased.
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A proposal to try to lower the fees that merchants pay on credit cards comes at a sensitive political moment for banks--but has also created some very complicated allegiances.
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How Scared Should You Be About Commercial Real Estate?

Wall Street Journal - 30 Jun 2023 11:30
If troubles hit banks and the wider economy, they will probably start in offices you wouldn't want to work in, let alone own.
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