Showing posts from October, 2021

Metals | Spot Prices as of the Close of Trading in New York on Friday, October 29, 2021.

 Source: CMI Gold & Silver Spot Prices as of close of trading in New York Friday, October 29, 2021 GOLD TODAY $1,782.13 CHANGE - $19.04 WEEK AGO $1,794.41 MONTH AGO $1,759.15 YEAR AGO $1,880.86 SILVER TODAY $23.88 CHANGE - $0.21 WEEK AGO $24.37 MONTH AGO $22.55 YEAR AGO $23.68 PLATINUM TODAY $1,022.50 CHANGE - $3.50 WEEK AGO $1,047.05 MONTH AGO $977.93 YEAR AGO $853.15 PALLADIUM TODAY $1,995.50 CHANGE - $0.50 WEEK AGO $2,037.46 MONTH AGO $1,923.02 YEAR AGO $2,253.38 GOLD/SILVER RATIO 74.63

How Did The U. S. Market Close Today Friday, October 29, 2021: Stocks close at record highs, market notches the best month of the year despite Big Tech earnings misses.

 Source: Jesse Pound, Yun Li 4-5 minutes The U.S. stock market set another round of record highs on Friday as Wall Street looked past disappointing results from major companies to wrap up its best month of the year. The S&P 500 rose 0.19% to close at 4,605.38 and the Dow Jones Industrial Average added 89.08 points, or 0.25%, to finish at 35,819.56. The Nasdaq Composite rose 0.33% to close at 15,498.39. All three closed at record highs, and the S&P 500 and Nasdaq clinched their best months since November 2020. The positive performance came despite weak third-quarter reports from two of the market’s biggest companies. Amazon shares dropped 2.1% after the e-commerce giant badly missed earnings and revenue expectations for the third quarter . Apple stock fell 1.8% after the tech giant’s quarterly revenue fell short of expectations amid larger-than-expected supply constraints on iPhones, iPads and Macs. It was

Europe Markets at Close Report: European stocks close mixed after Apple, Amazon disappoint; Volvo Cars surges on debut

 Source: Chloe Taylor, Matt Clinch 3 minutes LONDON — European stocks closed mixed on Friday as traders digested a raft of U.S. and domestic corporate earnings. The pan-European Stoxx 600 provisionally ended 0.06% higher, with sectors and major bourses pointing in opposite directions. Utilities stocks led losses, shedding more than 1%. Tech stocks also closed the session in negative territory following disappointing earnings from tech giants Apple and Amazon . European traders reacted to a busy morning of earnings, with BNP Paribas , Natwest , Glencore , BBVA and Bank of Ireland just some of those reporting before the bell. On Wall Street, stock futures slipped in early morning trading Friday. Amazon shares dropped 4% in extended trading after the e-commerce giant  badly missed earnings and revenue expectations for the third quarter . Apple stock also fell more than 3% in after hours trading after the tech giant&#

Investment Strategy: Origins of the Aqueduct Investment Strategy

 Source: Contributor 2-3 minutes (FINSUM) FINSUM Published Oct 29, 2021 8:31AM EDT 2001. I was in the middle of the worst bear market in my career. After nearly a decade of enormous growth, the economy was self-correcting. Panic started March of 2000, and there didn't appear to be any let up with selli

The Cybersecurity 202: Trump is ready to yell fraud if Democrats win in Virginia

 Source: Joseph Marks 11-13 minutes Welcome to The Cybersecurity 202! Okay, last recommendation. If you're looking for a horror movie this Halloween weekend check out the original “ Candyman ” from 1992.  Below: There's more than $500 million in cyber funding in the Democrats' social spending bill and Senate GOP want an investigation of cyber regulations for pipelines.  Trump is already suggesting fraud in the Virginia governor's race Virginia Republican gubernatorial candidate Glenn Youngkin. (Anna Moneymaker/Getty Images) Hotly contested elections in Virginia next week are sparking fears of another round of baseless faud claims and calls for partisan audits. Virginia largely escaped such efforts unlike other traditional battleground states after the 2020 contest — probably largely due to President Biden’s lopsided 10-point victory over former president Donald Trump and the fact Democra

Climate Change Summit: COP26: Biden lands in Europe ahead of climate summit.

 Source: BBC News 5-6 minutes Image source, Getty Images Image caption, President Biden arrived at the Vatican - the first stop on his European trip President Joe Biden has arrived in Europe ahead of next week's key UN climate summit, with his signature climate policy yet to pass through the US Congress. The president's $1.75 trillion (£1.2tn) Build Back Better social welfare package includes more than $500bn of spending on green policies. Before leaving Washington, Mr Biden described the measures as historic. But differences among Democrats mean it is unlikely to pass before the summit. "It's a framework that will create millions of jobs, grow the economy, invest in our nation and our people, turn the climate crisis into an opportunity," Mr Biden said in a TV address from the White House. The president heads for the COP26 global climate summit in Scotland on Sunday, but his first stop was th

U K Politics: UK warns France it could retaliate over threats

 Source: By Katie Wright 6-7 minutes By Katie Wright BBC News Published 10 minutes ago comments Comments Media caption, George Eustice on post-Brexit fishing row with France: "Two can play at that game" The UK could respond in turn if France goes ahead with threats amid a row over post-Brexit fishing rights, the environment secretary has said, warning that "two can play at that game". France has said it could stop British boats from landing if the dispute over licences was not resolved by Tuesday. George Eustice said the language used by French officials was "inflammatory". He said he was raising the issue with the European Commission, while France's ambassador has been summoned for talks. A British trawler was seized by France and another fined during checks off Le Havre on Thursday. French authorities say the detained Cornelis Gert Jan vessel did not have a licence - a claim denied b

Biggest Markets Moves Premarket: Chevron, Exxon Mobil, Newell Brands & more.

 Source: Peter Schacknow 4-5 minutes Check out the companies making headlines before the bell: Chevron (CVX) – Chevron gained 2.1% in the premarket after posting its highest quarterly profit in 8 years amid surging energy prices. Chevron earned an adjusted $2.96 per share for the third quarter, beating the $2.21 consensus estimate, with revenue also beating Wall Street forecasts. Exxon Mobil (XOM) – Exxon exceeded estimates by 2 cents with adjusted quarterly earnings of $1.58 per share, though revenue came in below analyst forecasts. Exxon

U. S. Futures Indication on Friday, October 29, 2021: U.S. stock futures fall as Apple, Amazon decline on disappointing earnings

 Source: Yun Li 3-4 minutes Stock futures slipped in early morning trading Friday as shares of major technology companies suffered following disappointing earnings reports. Futures on the tech-focused Nasdaq 100 dropped 0.8%. S&P 500 futures shed 0.5% and Dow Jones Industrial Average futures were 45 points lower. Amazon shares dropped 4.9% in premarket trading after the e-commerce giant badly missed earnings and revenue expectations for the third quarter . The company also issued disappointing guidance for the critical holiday period. Apple stock fell more than 3.5% in premarket trading after the tech giant's quarterly revenue fell short of expectations amid larger-than-expected supply constraints on iPhones, iPads and Macs. It was the first time Apple's revenues have missed Wall Street estimates since May 2017. Investors were betting on good tech results in the prior session. The S&P 500 and the N

Cryptocurrency Prices on Friday, October 29, 2021.

 Source: Bob Mason 3-4 minutes Bitcoin , BTC to USD, rose by 3.70% on Thursday. Reversing a 3.05% decline from Wednesday, Bitcoin ended the day at $60,579.0. After mixed morning, Bitcoin slid to a late afternoon intraday low $57,606.0 before making a move. Steering clear of the first major support level at $57,116, Bitcoin rallied to a late intraday high $62,444.0. Bitcoin broke through the first major resistance level at $60,616. Falling short of the second major resistance level at $62,783, however, Bitcoin fell back to sub-$60,600 levels before steadying. Late in the day, the first major resistance level pegged Bitcoin back from larger gains. The near-term bullish trend remained intact, supported the latest return to $66,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a m

U. S. Dollar Exchange Rate Report (Morning Edition) on Friday, October 29, 2021

Source: Reuters Editorial 5-7 minutes FOREX-Euro's losses deepen as markets take dim view of ECB stance The euro's losses deepened on Friday, retracing nearly half of its gains in the previous session, as euro zone inflation shot past expectations this month to equal its all-time high, creating a policy dilemma for the European Central Bank. 7:45am EDT GLOBAL MARKETS-Amazon, Apple earnings curb stocks frenzy, euro off 1-month highs Amazon and Apple earnings curbed enthusiasm for global equities on Friday, though the euro held near one-month highs on euro zone rate rise hopes. 7:36am EDT