The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
March 22 - The blue-chip Dow and the benchmark S&P 500 eased on Friday, but they remained on track for strong weekly gains as investors cheered the Federal Reserve's rate-easing stance.
Traders now see a 71% chance of the first rate cut hitting in June, from 56% at the start of this week, according to the CME's FedWatch Tool. Nevertheless, the EV maker and most rate-sensitive megacap growth and technology stocks were set for strong weekly gains. Weighing on the Dow, Nike , opens new tab shed 7.8% after the world's largest sportswear maker warned that its revenue in the first half of fiscal 2025 would shrink by a low-single-digit percentage, as it scales back on franchises to save costs.
Digital World Acquisition , opens new tab fell 6.7% after shareholders of the blank-check firm voted to approve its merger with former U.S. President Donald Trump's media and technology company.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kitco NEWS Reports on Mining Companies Snowline Gold and NexGen EnergyKitco NEWS provides accurate and objective reporting on mining companies Snowline Gold and NexGen Energy. Snowline Gold has seen significant growth due to outstanding drill results and backing from B2Gold. NexGen Energy has experienced a surge in stock value with the rise in uranium prices.
Read more »
U.S. announces 500 new sanctions targeting Russia over Navalny death, Ukraine warU.S. President Joe Biden speaks with Yulia Navalnaya and Dasha Navalnaya, the wife and daughter of Alexei Navalny, the Russian opposition leader who died last week in a prison camp, in San Francisco, California U.S. February 22, 2024.
Read more »
Stock market today: S&P 500 poised for new record with Powell back in spotlightInvestors are looking for further clues on the path of interest rates in Jerome Powell's second day of testimony.
Read more »
Here’s what’s going on with Bitcoin, Ethereum, and the S&P 500The probability of a sustained bull trend is higher now, with Bitcoin and Ethereum trending above equities for the past few days.
Read more »
Bubble Angst Belied by Big-Tech Weaklings, Broader S&P 500 GainsUS stocks’ torrid climb to start 2024 is evoking worrisome comparisons with past boom-and-bust cycles on Wall Street, sparking debate over the risk that the market is overheating.
Read more »
Measuring S&P 500 against Russell 2000 could indicate large-cap weaknessThe recent weakness in Apple stock – it’s down 13 per cent since Dec. 15, and Tesla, lower by 30 per cent for the same period – might be a sign of things to come
Read more »