US Market

Watch today’s US Open for insights on Meta’s Twitter-rival platform, the Fed minutes that sustained expectation for a hike later in the month and more

Rivian hit a low of $11.68 in late April. Since then, the company has appreciated by close to 75% and is currently trading at $20.43. Importantly, the daily chart’s On Balance Volume indicator has moved above its red declining trendline, which indicates that Rivian shares have been accumulated since late June.

Yesterday’s published FOMC minutes reveal that most Federal Reserve officials, during their meeting in June, expressed a likelihood of implementing additional tightening of monetary policy. However, these are anticipated to be at a more moderate pace compared to the previous rapid series of rate increases that have been a feature of monetary policy since 2022.

Watch today’s US Open for insights on the new rate pause by the Reserve Bank of Australia, the latest Sino-Western disputes, key upcoming releases and more

Tesla easily beat estimates regarding its deliveries for the second quarter.

The Federal Reserve’s preferred inflation gauge, the PCE shows contrasting trends between its headline number and the core print, which excludes volatile items such as food and energy.

Sports apparel and equipment giant NIKE saw higher Revenues in Q4 FY2023, boosted by China’s rebound, but its bottom line disappointed markets

On Wednesday, the Federal Reserve released the results of their annual bank stress test. All 23 banks that were included passed the test, weathering a severe recession scenario, continuing to lend to consumers and corporations.

Watch today’s US Open for insights on the hawkish comments by Fed Chair Powell, Australia’s inflation deceleration ahead of next week’s RBA meting and more

The tech heavy index rose on Wednesday against hawkish remarks by Chair Powell and reports that US plans an export ban of AI chips to China, but trades with caution today

Nvidia has gapped down on its open today following a report that the Biden administration may be considering a new ban on AI chips to China. The stock closed at 418.70 yesterday and opened on the cash market today at 406.60.