News In the Spotlight

Market Recap for 08-August-2024

U.S. crude oil futures rebounded from a six-month low on Wednesday driven by a decline in crude stockpiles and ongoing tensions in the Middle East. According to the Energy Information Administration, U.S. crude oil stocks fell by 3.7 million barrels last week, while gasoline inventories rose by 1.3 million barrels. Despite a turbulent day in the stock market, oil prices ended higher.

On Wall Street, a rally on Tuesday was followed by uncertainty on Wednesday after the S&P 500 experienced its largest one-day drop in nearly two years on Monday. Analysts suggest the market may retest those lows but could regain strength in the coming weeks if there is no recession and the recent downturn proves to be temporary.

AddThis Website Tools
seooptimization

Share
Published by
seooptimization

Recent Posts

Aggregate Risk

The meaning of aggregate risk may differ depending on the context. Generally it pertains to…

6 hours ago

European Stock Market Timings in Indian Standard Time (IST)

Today, we are talking about a hidden goldmine for investors in India, mainly: the European…

6 hours ago

Alpha

Alpha, in the trading world, is a measure of performance for your strategy or portfolio.…

1 day ago

Alternative Investments

When we have an “alternative” option, we are actually stating that we also have a…

2 days ago

Anonymous Trading

Simply put, anonymous trading is trading without disclosing the name of the participant in the…

3 days ago

Appreciation

Appreciation, in general terms, is an increase in the value of an asset over time.…

4 days ago