Trading on Wall Street continues with a mixed trend as the Nasdaq rose slightly by 0.1%, the S&P 500 fell by 0.3%, and the Dow Jones shed 0.9%. The Dow Jones index is mainly affected by bank shares, particularly Citigroup, Bank of America, and JP Morgan.
General Motors has warned of a decline in sales of its electric cars this year due to slow adoption of electric cars in the US. The company expects 100-150 thousand deliveries this year, significantly lower than the previous forecast. Additionally, General Motors announced its purchase of shares worth $6 billion, leading to a 35% increase in its stock since the beginning of the year.
Dark stock saw a surge following its tech announcement about Apple Intelligence. This new artificial intelligence array will be integrated into iPhone Pro 15 and Mac computers with at least an M1 processor, offering innovative features such as text writing, creating images, and more. Apple’s stock has been on the rise, overtaking Nvidia with the second-largest market capitalization on Wall Street after Microsoft.
The market indices on Wall Street are recovering slightly after opening with declines. Bitcoin prices have dropped by 4% below $67,000, with investors withdrawing $65 million from hedge funds trading in cryptocurrency. Crypto stocks like Coinbase, Marathon Digital Holdings, and Riot Blockchain are also falling.
Investors are tense ahead of the Federal Reserve’s interest rate decision, causing a slight decline in the main indices on Wall Street. Gamestop’s stock is falling today after experiencing significant gains recently. The company raised capital after its stock price surged, with a notable investment by Keith Gill, also known as “the Roaring Kitten.”
European markets are trading with a negative trend, influenced by the political developments in France. US government bonds continue to trade with decreasing rates, while the Fed is expected to leave the interest rate unchanged.
In Asia, markets closed with a mixed trend, with the Hang Seng falling significantly. Key economic data will be published, including the consumer price index and interest rate decisions. Investors are closely watching for any signals regarding future economic policies.
Overall, the global market landscape is influenced by various factors, from corporate earnings and investor sentiment to economic indicators and geopolitical events. Stay informed and make strategic decisions based on the latest market trends and developments.