Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50 […]

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Dow Hits Insane High & Wall Street Owes It All to the Fed

The Dow and broader U.S. stock market set new highs on Wednesday, as investors shrugged off geopolitical tensions ahead of Independence Day. While there was no immediate catalyst for the rally, the Federal Reserve’s dovish policy shift continues to offer fuel for the record-setting pump. Dow Hits New Highs; S&P 500 Follows All of Wall […]

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Hong Kong Stock Market Recoils as Protesters Invade Government HQ

Protesters in Hong Kong have reportedly taken over at least one government building, with tensions escalating over the weekend and preventing the local stock market from taking part in an otherwise-global rally. Tensions Escalate as Hong Kong Stock Market Tanks The protesters took over the legislature building, and police are not happy about it, reportedly […]

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Dow Rips Lower After Fed’s Powell Sounds Alarm Bell on U.S. Economy

The Dow and broader U.S. stock market declined sharply on Tuesday, as investors reacted to dovish commentary from Fed chief Jerome Powell that suggested central bankers were becoming ever-more concerned about the economy. Dow, S&P 500, and Nasdaq Sink in a Sea of Red All of Wall Street’s benchmark indexes traded in negative territory on […]

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Dow Swirls in Holding Pattern Ahead of OPEC, G20, & June Data Dump

The Dow and broader U.S. stock market tread water on Monday, as traders remained on the sidelines in anticipation of a slew of high-profile events later in the week. Dow Edges Higher; S&P 500 Falls Wall Street’s major indexes hovered right around break-even on Monday, which reflected a tepid pre-market for Dow futures. The Dow […]

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Stock Market Eyes Best June in 80 Years But Iran Could Spoil Dow’s Party

By CCN Markets: The Dow Jones has fared surprisingly well this year despite simmering US-China trade tensions, gaining nearly 15% heading into the final week of June. The stock market’s latest rally puts it on track to record its best June since 1938. But the enormous stock market rally faces a new threat – the […]

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Tesla Stock Mysteriously Jumps after Elon Musk Tweets to ‘Delete Twitter’

Published: 18/06/2019 04:26 EST. Journalist: By CCN Markets: Skepticism was the response on Monday as news spread that Elon Musk had deleted his Twitter account. The problem is the account of the Tesla and SpaceX CEO still appeared active some 18 hours later. On CNBC’s Fast Money Monday, analysts discussed Musk’s move possibly being the […]

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how […]

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