Wall Street’s main indexes started lower as Goldman Sachs missed quarterly earnings estimates, which worsened confidence, already undermined by fears of a slowdown in Chinese economic growth. But in the afternoon the Nasdaq reversed trend.
The Dow Jones industrial average fell 1.1%, while the broader S&P 500 index fell 0.2%, while the Nasdaq technology gauge rose 0.1%.according to data provided by the New York Stock Exchange (NYSE).
The rise in exchanges came hand in hand with the strong rise in Bitcoin. The BTC touched its highest level in 4 months and pushed up the rest of the cryptocurrencies.
The world’s largest cryptocurrency reached $21,594, a level not seen since September 13. The last price was US$21,174. This virtual asset has gained almost 30% this year, driven in part by optimism that inflation has peaked, potentially reducing the need for tighter central bank policy.
Another central point that caused the hikes in the Cedears is that financial dollar extended this day its upward trend.
The financial dollar broke new nominal records with the Cash with Liquidation (CCL) exceeding $360; while the MEP exceeded $350however at the close it erased the initial rise, within the framework of another hot day for the bluewhich was close to $380.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
