Express News | The US stock market opened high and rose, with all three major indexes collectively closing up. The Dow Jones Industrial Average rose 1.64%, the S&P 500 index rose 1.11%, and the Nasdaq Composite rose 1.03%.
Express News | The Commodity Futures Trading Commission (CFTC) reported that during the week ending on July 23, speculators cut net short positions on the US 2-year Treasury futures by 43,594 contracts to 1,141,393 contracts. They increased net short positions on the US
Did the Democratic Party get the right people in? Latest polls: Harris performs better than Biden against Trump in a face-off.
Under the sustained pressure from Democrats for nearly a month, Biden finally chose to withdraw from the election. As of now, it seems almost certain that Harris will become the Democratic presidential candidate.
Singing against the market! Bank of America: The Fed will only cut interest rates once this year.
According to Bank of America economists, it is unlikely that the Federal Reserve will send a signal that a rate cut in September is a foregone conclusion, and warns the market to pay attention to the risk of Chairman Powell refuting market pricing at the Jackson Hole Symposium.
The Federal Reserve's most concerning inflation data has been released: basically in line with expectations, and the consensus on interest rate cuts remains unchanged.
Against the background of the core PCE price index slightly higher than expected in the second quarter, the Bureau of Economic Analysis slightly revised its May data.
Consumer confidence in Michigan, USA, hit an eight-month low, continuing to be dragged down by high prices.
Since the first quarter of this year, consumer confidence has been declining, reflecting high living costs and high borrowing costs leading to pessimistic views and expectations of personal financial conditions. Although inflation is beginning to cool, wage growth has been minimal, and many Americans have already exhausted their savings during the pandemic.