Author - Sequoia Direct
27Jan

Stocks rise as Tesla soars 10 per cent higher: Big Oil sits on $200b of profits

27 Jan 2023 - Stocks rose Thursday as traders combed through the latest batch of corporate earnings and fourth-quarter gross domestic product that came in above expectations. The US economy logged better than expected growth in the final quarter of 2022, even as the Federal Reserve’s aggressive campaign to raise borrowing costs began to weigh more heavily on business activity. The world’s largest economy expanded 2.9 per cent on an annualised basis between September and December.

Read more...
25Jan

Microsoft rallies after market as US trading opens with a ‘flash crash’

25 Jan 2023 - A mini ‘flash crash’ greeted traders on the opening as trading in dozens of blue-chip stocks from ExxonMobil to McDonald’s and Mastercard was briefly halted on Tuesday after problems with the New York Stock Exchange’s opening auction caused sharp swings at the start of trading. More than 75 stocks were stopped for hitting volatility limits within 15 seconds of the open.

Read more...
23Jan

US stocks finish higher after positive tech results

23 Jan 2023 - Stocks rallied on Friday to finish the week strong after briefly losing the momentum of the January rally. In Europe economic upgrades are boosting sentiment thanks to lower energy prices, bumper government support and the earlier-than-anticipated reopening of the Chinese economy, which is set to boost global demand.

Read more...
20Jan

Fed looks to raise rates despite signs of cooling inflation

20 Jan 2023 - Stocks fell Thursday as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation. Overall, overnight’s performance came after initial filings for unemployment insurance fell to their lowest level since late June last week, the Labor Department reported, signalling to investors that the labour market is resilient amid a slowing economy.

Read more...