Logo

Latest market news!

Wilson
Wilson
05-30

Due to the upcoming data release, US stock indices were hit, widening the decline on Wall Street. The S&P 500 fell 0.4% to 5,264 points; the Nasdaq dropped 0.5% to 18,713 points.

1

Latest Market Hot News!

Due to the upcoming data release, U.S. stock indices took a hit as Wall Street's decline expanded. The S&P 500 fell 0.4% to 5,264 points; the Nasdaq dropped 0.5% to 18,713 points. In the after-hours trading session, Nvidia led the gains, rising 1% to 1,137 points after an initial drop.

Investors sold off U.S. assets due to concerns that high interest rates could affect economic growth. The impending PCE price index release also fueled risk aversion. This increased demand for the dollar, making it another safe-haven asset alongside gold.

Hawkish comments from Federal Reserve members exacerbated the decline in U.S. stocks. Several members warned that inflation must significantly drop before any rate cuts. Currently, the U.S. inflation rate stands at 3.36%, far from the Fed's long-term goal of 2%.

Follow Ultima Markets for more market insights!

Trading involves significant risks, and losses may exceed your deposits.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Stock index

The stock price index (abbreviated as "stock index") is an important indicator reflecting the overall changes in the price level of the stock market.

Organization

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Logo

Contact Us

Social Media

footer1