Category Archives: US markets

Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

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US president rings bell from White House and showcases initiative that gives children a $1,000 investment account

Donald Trump rang the bell of the New York Stock Exchange (NYSE) from the White House to mark the first trading day for Trump accounts, a government initiative that provides children with a $1,000 investment account.

The US president hosted leaders from the NYSE and the Nasdaq stock exchange at the Oval Office for a press conference on Monday morning. It is the first joint opening of the exchanges, and the first time the bell had been rung at the White House.

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US stocks see worst day this year as Fed rate hike rattles investors

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Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

US stock markets suffered their worst day of the year on Thursday as investors worried about the Federal Reserve’s plans to raise interest rates to tackle soaring inflation.

The Dow Jones Industrial Average lost over 1,000 points (3.1%). The S&P 500 and Nasdaq Composite fell 3.5% and 4.9% respectively. Tech stocks were particularly hard-hit, with Amazon dropping 7.6% and Tesla falling 8.3%.

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US inflation hits highest level in 40 years in January as prices rise 7.5% from 2021

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Inflation has been driven higher by soaring demand and lack of supply caused by Covid pandemic’s global impact on trade

Inflation in the US climbed to its highest level in 40 years in January, with prices rising by 7.5% from a year ago, the Bureau of Labor Statistics reported on Thursday.

The rise in the consumer price index (CPI) survey – which measures the costs of a wide variety of goods – was the largest since February 1982. CPI rose 0.6% from December, higher than expected.

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