US close Dow Jones reverses losses
Dow Jones up 0.36%, S&P 500 up 0.15%, Nasdaq up 0.17%. Manufacturing data, job openings, and Treasury yields in focus.
Basis point News & Breaking Stories
Nasdaq 100 Dow Jones S&P 500 Tech Stocks Rally Treasury Yields Decline Exchange Glitch
Megacap stocks Apple, Meta, and Alphabet saw gains as Nvidia surged. GameStop soared due to Reddit influence. Market influenced by economic data.
Mortgage rates update: May 29 rates should stay high
Fixed mortgage rates are down for the third week, but may not drop much lower in 2024. Consider buying now.
First Central Savings Bank Reports Q1 2024 Net Income $1.2 Million, Non-Interest Income, Stable Asset Quality
First Central Savings Bank reports positive earnings despite higher interest rates, with focus on loan growth and asset quality. #Banking #Finance
Stock market indexes mixed after Fed meeting as Powell calms nerves possible hike
Fed calms market fears as stocks rise after policy meeting. Interest rates steady, Powell says rate hike unlikely. Inflation remains high.
Stock market today: US indexes decline on concerns of Israel-Iran tensions and rising Treasury yields
US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.
Stock Market today: Dow slides, geopolitical tensions, spike in Treasury yields
Dow drops as Treasury yields spike, retail sales beat expectations. Goldman Sachs shines, Apple falls, Tesla faces layoffs. Geopolitical tensions rise.
Malaysia economic growth Q4 resilient consumption poll
Malaysia's economy grows despite falling exports, with domestic consumption offsetting. Bank Negara Malaysia raised interest rates, but growth remains steady.
Strong Session: AAPL, AMZN, META & More Report After Hours Earnings
Market activity surged today, with the Dow up +369 points and the S&P 500 +1.25%. Big earnings reports coming tomorrow.
Mortgage Interest Rates Today: Low Rates on November 29, 2023
Get the latest on mortgage rates and find out how to save money on your mortgage in the long run.
GLOBAL MARKETS: Bond Yields Rebound, Stocks Edge Up as Last Week's Rally Fades
Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.
Dollar Edges Lower Ahead of Key US Data, Bitcoin Back in Spotlight
Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.
September Fed Meeting: Key Takeaways After Rate Pause
Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.
Australian Dollar Lower on Evergrande Bankruptcy
Evergrande's bankruptcy raises concerns of contagion in the Chinese economy, impacting the Australian dollar and global markets.
Current Mortgage Interest Rates: Aug. 15, 2023 Update - Rates Tick Up
Inflation has led to an increase in mortgage rates, with the Federal Reserve raising its federal funds rate. Experts predict rates will remain high.
Shares, Dollar Rise Slightly Following US CPI Data | Headlines
Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.
"Breaking: Global Stocks Surge as Federal Reserve Boosts Interest Rates – Discover the Impact on Your Investments!"
ECB expected to raise rates as Fed raises interest rates.
Factors influencing mortgage interest rates and when they are expected to drop
Experts predict mortgage interest rates will drop in late 2023.
"CPI Report Boosts Sentiment, Leading Nasdaq to Higher Close on Wall Street"
U.S. stocks rise as inflation eases, tech sector leads gains.
What news can we find under Basis point News Section?
Decoding the Basis Point in News Content
Ever been baffled when coming across terms like 'basis points' in financial news and wondered what they are? Let's peel back the curtains together!
Basis Points, abbreviated as BPS or often pronounced as 'Bips,' is a unit of measure used mainly in finance to describe changes in interest rates, equity indexes, and fixed income securities. So why should we care about them?
The answer hedged within this question essentially reflects why you encounter basis points on any news platform discussing finance. Like salt adds flavor to an otherwise bland dish, understanding basis points provides perspective to raw numbers thrown around.
A single basis point represents 0.01%, that is - a change of 50 bps translates into half a per cent movement! Mind-boggling right? The purpose here isn't to overwhelm but simply introduce yet another lens through which one can assess how markets move.
The Relevance Of Basis Points In News Content:
In view of current global market volatility, it's particularly useful to gauge shifts via these tiny units rather than percentages which might appear misleading. For instance, hearing about an increase by 200 basis points sounds less cataclysmic than saying there was a 2% jump.
If ever stumbled upon phrases such as "Fed adjusts rate by X basis points," now doesn't it seem more decipherable? It's essentially illustrating small incremental pebbles that cause ripples across our macroeconomic pond!
To Wrap up...
Much of the financial newswire carries reportage of values articulated through basis point changes - be it for mutual funds investments, loan rates modification etc., Through this framework we unravel those cryptic numeric updates with ease- adding depth into our broader economic comprehension.
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