Sotck Futures Rise As S&P 500 and Dow Try to Bounce back From Lowest Levels Since 2020
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Full article: https://www.cnbc.com/2022/09/26/stock-futures-are-little-changed-after-sp-500-closes-at-lowest-level-since-2020.html
Stock futures rose Tuesday, as the Dow Jones Industrial Average and S&P 500 tried to bounce back from their lowest closing levels in nearly two years.
S&P 500 futures gained 0.8%, and Nasdaq 100 futures rose 1%. Those tied to the Dow Jones Industrial Average advanced 157 points, or 0.5%.
The British pound rebounded slightly after plunging to a record low against the dollar earlier in the week. Sterling traded more than 1% higher at $1.087 per dollar after hitting an all-time low of $1.0382.
Treasury yields also came off their highs, boosting sentiment. The benchmark 10-year yield dipped nearly 5 basis points to 3.823%.
#economicnews #sp500 #dowjones
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Is It Bitcoin's Time To Shine? British pound drops to all-time low against the dollar
Full article: https://www.cnbc.com/2022/09/26/stock-futures-are-little-changed-after-sp-500-closes-at-lowest-level-since-2020.html
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The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin.
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region.
The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but the British pound's weakness could be a net positive for Bitcoin. The GBP, or British pound, is the world's oldest currency still in use and it has been in continuous use since its inception.
#economicnews #britishpound #bitcoin
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