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  • August 29, 2024

US Dollar, Oil Prices, Tech Stocks Rise As GDP Roars By 3% In Q2; Bonds, Yen Slip As Bets For Large Rate Cuts Ease - Invesco CurrencyShares Japanese Yen Trust (ARCA:FXY), SPDR Gold Trust (ARCA:GLD)

The U.S. dollar, oil prices and tech stocks surged Thursday following an upward revision of the second-quarter real gross domestic product growth to …

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business
  • August 29, 2024

Fitch Reaffirms US 'AA+' Credit Rating, Warns Of Growing Debt Burden: 'Tax Cuts Will Be Extended Under Either Trump Or Harris' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Fitch Ratings reaffirmed the U.S. sovereign credit rating at ‘AA+’ with a stable outlook Thursday, citing strengths like high per capita income and t…

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  • August 29, 2024

Traders Scale Back Bets On 50-Basis-Point September Rate Cut Ahead of Friday's Key Fed Inflation Gauge Data - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

An upward revision of U.S. gross domestic product growth in the second quarter has led speculators to reconsider their bets on a substantial 50-basis…

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business
  • August 29, 2024

US Economy Expands By 3% In Q2, Surpasses Earlier Estimates; Jobless Claims Little Moved Last Week (CORRECTED) - Invesco DB USD Index Bullish Fund ETF (ARCA:UUP), SPDR S&P 500 (ARCA:SPY)

Editor’s note: This story has been updated to correct the consumer spending figure from the second-quarter GDP report and to state that weekly jobles…

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