KGWV · U.S. MARKET INTELLIGENCE
U.S. stocks closed higher on Aug. 7, with all three major indexes advancing. The Nasdaq Composite rose 1.3% and gained 5.19% for the week. The S&P 500 rose 0.62% and gained 3.57% for the week, setting another record closing high. The Dow Jones Industrial Avera…
The 10-year U.S. Treasury yield fell 3.24 basis points to 4.6454% in late New York trading Friday, Aug. 7. When the U.S. nonfarm payrolls report was released at 8:30 p.m. Beijing time, the yield plunged from 4.6678%. It hit a session low of 4.6007% at 8:47 p.m…
The U.S. Senate has decided to pressure Federal Reserve Governor Bowman over a decision involving United Texas Bank.
Switch, a data center company, has confidentially filed for an initial public offering, people familiar with the matter said, according to Bloomberg.
The Nasdaq Golden Dragon China Index rose 0.77% to 6,620.75 on Friday, gaining 0.34% for the week as it continued to test its 100-day moving average, which had moved down to 6,569.75. Among popular U.S.-listed Chinese stocks, Zai Lab initially closed up 12.2%,…
The Bloomberg Electric Vehicle Price Return Index rose 2.16% Friday to 3,475.48 points. The index gained 3.63% for the week.
The Trump administration plans to disburse $2 billion to battery and materials companies, The Wall Street Journal reported. Trump praised MP Materials for receiving government funding, according to the report.
U.S. Sen. Warren said she will oppose President Donald Trump’s attempt to fire Federal Reserve Governor Cook.
WTI September crude oil futures settled 89 cents higher, or 1.15%, at $78.18 a barrel. They fell more than 7.66% for the week. NYMEX September natural gas futures settled at $2.6620 per million British thermal units. NYMEX September gasoline futures settled at…
Ford plans to introduce four versions of a four-door Mustang, The Wall Street Journal reported.