Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.
Bond yields drop on expectations of Fed rate cut, leading to lowest mortgage rates in over a year and surge in mortgage applications for both new and refinancing loans.
Investors are largely expecting the Federal Reserve to hike interest rates by 25 basis points later this month, but the jury is still out as far as its September decision is concerned.
As the Centers for Disease Control and Prevention (CDC) cites May 11, 2023, as the end of the federal COVID-19 Public Health Emergency and the World Health Organization (WHO) declares the virus to no longer be a global health emergency, it’s easy to forget that it was only a little over three years ago that the world was turned ups
Gainers Mangoceuticals, Inc. (NASDAQ: MGRX) shares jumped 207% to $2.84. The company announced Thursday, that it's featured on Webull Corporate Communications Service Platform.
U.S. stocks traded lower, with the Dow Jones dropping around 50 points on Friday. Here are some big stocks recording losses in today’s session. U Power Limited (NASDAQ: UCAR) shares fell 55% to $19.41 amid post-IPO volatility. U Power priced its 2,416,667 share IPO at $6 per share.
Gainers China Jo-Jo Drugstores, Inc. (NASDAQ: CJJD) gained 85.2% to $1.25 after the company announced the termination of its previously proposed registered direct offering.
