Take a fresh look at your lifestyle.

All in order on Wall Street: the Nasdaq erases the losses of the last three sessions



Wall street ends in green for the first time this week. The New York Stock Exchange has perked up after hearing weekly jobless claims better than expected, falling to 440,000 in the week of May 15. The main New York indices have returned to the gains after three consecutive days in the red but they continue with their eyes set, once again, on the bitcoin. The queen of cryptocurrencies maintains $ 40,000 after her particular 'black Wednesday' and while watching the 'altcoins' suffer.

Cryptocurrencies have slashed profits after the Treasury Department claimed that cryptocurrencies pose significant evasion risk.

They are studying that transfers greater than $ 10,000 are reported to the Internal Revenue Service (IRS), which is the name given to the Treasury in the United States.

On the other hand, the Government of Joe Biden has proposed strengthen the resources and capacities of the IRS with the goal of reducing fraud and raising $ 700 billion (572,000 million euros) in the next decade, according to a report published this Thursday by the US Treasury Department.

Speaking of other declines, Cisco shares are down 3% after posting weaker-than-expected quarterly results.

On the opposite side is Virgin Galactic. Your stocks take off more than 20% after you've set a date for your next space flight test. It will take place on Saturday, May 22.

In the business world, Tik Tok is also news. Zhang Yiming, Co-founder of ByteDance (owner of TikTok), has announced that he will step down as CEO and will go on to play a new role, as reported by the company on Thursday.

Although without a doubt the data of the day are the weekly unemployment claims. The new low of the pandemic shows that the US economy continues to show signs of strength.

"The decline in jobless claims extends the rapid downward trend since mid-February, about a month after Covid cases began to plummet, indicating that the reopening would not be far away", explain the experts at Pantheon Macroeconomics.

The market will continue to digest the April Fed minutes, which were published this Wednesday and anticipate that the members of the US central bank are willing to reduce the purchase of bonds "in future meetings."

"Several participants suggested that if the economy continued to move rapidly toward the Committee's goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan to adjust the pace of asset purchases," according to the minutes of the committee's meeting. last April 28.

Following up with the Fed, the central bank plans to publish a report this summer that will explore the implications of technology for digital payments, including a section focused on the possibility that the central bank issues its own digital currency.

This report will be a complement to the investigation on advantages and risks that the Fed is doing in relation to the possibility of issuing a digital dollar.

Across the Atlantic the Ibex has managed to save the day and the 9,100 and has closed the session at the highs of the day. Finally, in Asia the stock markets have closed with a mixed sign given the rise in Japanese exports and after China maintains its rates unchanged.

. (tagsToTranslate) All (t) order (t) Wall (t) Street: (t) Nasdaq (t) clears (t) losses (t) last (t) three (t) sessions (t) Category: All (t ) Category: Market Report (t) Category: Company News (t) Category: Economic News (t) Category: Political News (t) Category: Pulses (t) Category: Market Pulse (t) Category: Currency Pulses (t) Category : Raw Material Pulses (t) mostread_empresas (t) mostread_economia (t) mostread_politica


Leave A Reply

Your email address will not be published.