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US stocks declined sharply on Monday, witnessing heavy selling and were dragged down by safe-haven demand as investors were concerned about a global slowing economy and the spread of coronavirus in China. Investors’ sentiment soured as Federal Reserve officials stressed that more rate hikes are coming, as New York Fed President John Williams on Monday Continue Reading

The US Department of Labor reported that non-farm payrolls rose by 261,000 last month, more than economists had forecasted. The increase in hiring was driven by more people entering the labour force. Meanwhile, private payrolls rose by 239,000 in October according to a report from ADP, with the leisure and hospitality industry seeing the most Continue Reading

US stocks were little changed on Friday, having a shortened trading session following the US Thanksgiving holiday amid the prospect of the Federal Reserve moderating the pace of its policy tightening. Investors’ sentiment was boosted this week after the Federal Reserve’s Nov. 1-2 meeting minutes showed most officials backing slowing the pace of interest-rate hikes. Continue Reading

US markets were closed due to the Thanksgiving holiday on Thursday, meanwhile, trading volumes are lower due to the holiday with no cash US equity market trading. The Meeting Minutes from the Fed earlier this month indicated several officials backed the need to moderate the pace of rate hikes, which adds to expectations the central Continue Reading

US stocks advanced higher on Wednesday, preserving their upside momentum and ended the session higher after the Federal Reserve’s latest meeting minutes showed most officials backing slowing the pace of interest-rate hikes soon. Investors’ market mood improved as the Federal Reserve (Fed) officials discussed the need of slowing down the interest rate hikes. The US Continue Reading