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Dow Takes a Wallop as Rate Hike Hits Fintechs Hard
- The Dow dropped over 1,100 points as the Fed signaled higher-for-longer interest rates.
- Rising bond yields exacerbated stock market woes, especially in tech-heavy sectors.
- Fintech stocks like SoFi and Upstart saw sharp declines amid the market turmoil.
Thursday, 19/12/2024 | 08:32 GMT by
Louis Parks
Dow Closes Above 42,000 Following Fed's Interest Rate Cut
- The Dow Jones passed 42,000 for the first time, following a substantial interest rate cut.
- Gains by tech giants like Nvidia and Apple contributed to the robust performance.
- Low unemployment rates and moderated inflation create a climate of sustained confidence.
Friday, 20/09/2024 | 11:18 GMT by
Louis Parks
Napier Hires Andy McGuire as Its New Chairman
- McGuire brings more than three decades of international experience from the fintech sector.
Wednesday, 27/10/2021 | 12:17 GMT by
Tom Hazan
China’s Crypto Crackdown, CySEC Intensifies Regulation – Best of the Week
- Catch up on last week’s top stories.
Sunday, 11/02/2018 | 13:14 GMT by
Finance Magnates Staff
CBOE to List 10 New Index Options to Attract European Investors
- The new Select Sector Index Options will expand offerings tied to S&P Dow Jones Indices
Tuesday, 12/09/2017 | 15:14 GMT by
Colin Firth
This is Why the Dow Jones Is Set to Hit 20,000
- Earnings were feeble in the previous quarters and are expected to decrease. What are the trends to look out for?
Wednesday, 06/04/2016 | 10:45 GMT by
Vassil Nikolov
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