US stocks fell sharply on Friday as rising Treasury yields, persistent inflation concerns, and escalating energy prices pressured markets following another record-setting session for major indexes. The Dow Jones Industrial Average dropped roughly 402 points, or about 0.8%, while the S&P 500 fell 1.13%. Nasdaq Composite led declines, sliding about 1.58% as investors pulled back
Ethereum (ETH) is attempting to recover above the $2,300 level on Friday after a week of declining network activity. At press time, Ether is trading at $2,238, down by 1% in the last 24 hours. However, the coin could reverse the decline and surge amid improved network activity. Ethereum’s active addresses continue to rise Active
US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy. According to data released on Friday by the Federal Reserve, industrial production in the United States increased 0.7% month-on-month in April. The reading followed a 0.3% contraction in March and exceeded market expectations for
Gold prices slid more than 3%, and silver plunged over 10% on Friday as sentiment in the precious metals market soured drastically. Oil prices, on the other hand, climbed more than 2% due to rising concerns about a prolonged supply disruption in the Strait of Hormuz. Meanwhile, copper’s retreat from its record-high close continued, driven
Shares of Nvidia (NVDA) fell sharply on Friday, pulling back after an explosive rally that had pushed the chipmaker close to another record valuation milestone. The stock dropped around 4% to $226.80 in early trading after gaining roughly 20% over the previous seven sessions. Thursday’s rally alone saw Nvidia rise 4.4% to close at $235.75,
UK shares moved higher on Thursday after stronger-than-expected economic growth data reassured investors, even as political uncertainty surrounding Prime Minister Keir Starmer continued to weigh on market sentiment. The blue-chip FTSE 100 rose 0.39% by 11:09 a.m. GMT, while the mid-cap FTSE 250 gained 0.71%. Investor sentiment improved after data showed Britain’s economy expanded unexpectedly
Bittensor (TAO) price traded lower on Thursday, falling by more than 4% to breach the $300 support level as a broader market decline hit altcoins. Declines followed Bitcoin’s slip below $80,000 as risk-off sentiment intensified amid hot US inflation data and investor jitters around geopolitical uncertainty. TAO price could extend losses with this technical breakdown,
US unemployment claims rose moderately last week but were still within acceptable limits as businesses refrained from executing mass-level layoffs even as they grappled with mounting inflationary pressures. Initial claims for state unemployment benefits increased by 12,000 to a seasonally adjusted 211,000 in the week ended May 9, according to data released Thursday by the
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau, Retail Sales increased 0.5% month-on-month in April to $757.1 billion. The reading followed a revised 1.6% increase in March, which was previously reported as 1.7%.
Klarna stock price is pumping today, May 14, after the Buy Now Pay Later (BNPL) company published its financial results. KLAR jumped by over 15% to $15, reaching its highest point since March 16 this year. It has now soared by nearly 30% from its all-time low. Klarna stock jumps after releasing strong numbers Klarna,