Brazilian markets prepared for one outcome and received another. Luiz Inácio Lula da Silva won a fourth term in Sunday’s runoff, beating Flávio Bolsonaro with 51.8% of valid votes to 48.2%, a margin of about 4.4 million ballots. It is the first time since direct elections returned in 1989 that a candidate has won a
The gold price extended its sharp downward trend, falling to its lowest level since July last year as inflation concerns intensified. The precious metal dropped to $3,995, about 29% below this year’s peak, and formed a death cross pattern, which points to further downside in the near term. Gold price sinks as crude oil soars
US stocks ended lower on Friday as losses spread beyond technology shares, while rising oil prices and renewed concerns over the US-Iran conflict added pressure to markets. Investors also looked ahead to a busy week of corporate earnings and the Federal Reserve’s upcoming interest-rate decision. The Dow Jones Industrial Average fell 1.25%, or about 659
US Treasury yields edged higher early Friday after a sharp decline in the previous session. The benchmark 10-year Treasury yield rose 2 basis points to 4.9779%, while the two-year yield increased by the same amount to 4.6647%. The 30-year yield climbed more than 1 basis point to 5.3007%. The moves followed a substantial rally in
Western Digital’s stock has been under pressure since June, when it peaked at $800. Since then, it has fallen more than 52% to its current price of $378, with its market capitalization shrinking from $257 billion to $141 billion. Investors are now looking to the company’s upcoming earnings report as a potential catalyst that could
Strategy (MSTR) stock has traded within a narrow range over the past few days as Bitcoin’s rally has lost momentum. The stock was trading at $142.70, down from its September high of $170. However, this period of consolidation could be the calm before the storm, especially after JPMorgan issued a bold prediction about Bitcoin’s future
The Nasdaq Composite rose on Monday as investors returned to technology and artificial intelligence-related stocks following last week’s sharp selloff, while markets looked ahead to earnings from major US companies. The tech-heavy index gained 1.1%, while the S&P 500 advanced 0.4%. The Dow Jones Industrial Average finished slightly below the flatline. The rebound followed a
Crude oil prices continued the upward trend, reaching its highest level since May 20 as the crisis in the Middle East gained momentum. Brent, the global benchmark, rose to $110, while West Texas Intermediate (WTI) moved to $99.05, well above its July low of $67. Iran continues to shoot ships Brent and West Texas Intermediate
Anthropic’s potential initial public offering is facing an early test of investor appetite, with some prospective and existing investors reportedly considering a valuation of around $1.5 trillion, below the roughly $2 trillion target previously expected for its November listing. The reassessment follows a slowdown in the company’s sequential revenue growth and comes as investors grow
Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level. BTC fell to approximately $79,800 following September’s Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours. The