Market Recap I 29-Feb-2024
The Federal Reserve’s favored measure of inflation – the core Personal Consumption Expenditures (PCE) Price Index – is scheduled for release later today on Thursday, with forecasts indicating a projected 0.4% increase.
Today, oil prices extended their decline from the previous session due to a larger-than-expected build in U.S. crude inventories.
Furthermore, the price of Bitcoin surged above the $60,000 threshold during Wednesday’s US session, marking its first ascent above this level since November 2021. This surge was driven by significant inflows into US-based ETFs, as highlighted by multiple analysts.
In a surprising turn of events, Apple has decided to terminate its decade-long effort to develop an electric car, a project known as Titan, shifting its focus from automotive innovation to artificial intelligence.
U.S. Stocks rise for the third consecutive day Nasdaq broke two crucial resistance levels in…
U.S. President Trump claimed ongoing trade talks with China, contradicting Chinese officials' denials. China's Ministry…
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