U.S. stocks end lower as Treasury yields surge after Fed rate hike
U.S. stocks ended lower Thursday, adding to sharp declines suffered...
U.S. stocks ended lower Thursday, adding to sharp declines suffered the previous session after the Federal Reserve delivered a 75 basis point rate hike and signaled significant further tightening ahead.A number of other major central banks, including the Swiss National Bank and the Bank of England, delivered rate hikes on Thursday as investors fret that monetary tightening will lead to a sharp economic slowdown or recession. The Dow Jones Industrial Average DJIA, -0.35% fell around 108 points, or 0.4%, to finish near 30,076, according to preliminary figures. The S&P 500 SPX, -0.84% ended 0.8% lower near 3,758, while the Nasdaq Composite COMP, -1.37% slumped 1.4% to close near 11,067.
PitchBook: Carbon tech to be a $905B market in 2022
Companies working in the carbon dioxide removal and reduction...
Companies working in the carbon dioxide removal and reduction space are taking off and will likely represent a $905 billion market by the end of 2022,reports PitchBook. That figure is expected to hit $1.4 trillion by 2027. Investor interest in carbon capture firms remains high, with 11 deals valued at $882.2 million closed in the second quarter alone.
U.S. stocks open mostly lower as investors weigh jobless claims report
U.S. stocks opened mixed Thursday as investors weighed economic data showing initial jobless claims rose...
U.S. stocks opened mixed Thursday as investors weighed economic data showing initial jobless claims rose slightly. The Dow Jones Industrial Average DJIA, -0.42% was up 0.1% soon after the opening bell, while the S&P 500 SPX, -0.63% slipped less than 0.1% and the Nasdaq Composite COMP, -0.95% fell 0.2%, according to FactSet data, at last check. The number of people who applied for unemployment benefits in the week ended Sept. 17 rose by 5,000 to 213,000, according to a report from the Labor Department Thursday. Still, new jobless claims are quite low and the labor market remains strong even as the U.S. economy slows.
The crypto bear market will continue if bitcoin confirms its recent breakdown below $20,000,...
The crypto bear market will continue if bitcoin confirms its recent breakdown below $20,000, Fairlead's Katie Stockton said. The technical analysis-based research firm said that secondary support for bitcoin stands at $13,900, and short-term momentum has shifted negatively. Dig into the numbers.
