Stocks are choppy, oil is booming, mortgage rates are jumping: LIVE UPDATES
Actions end well ahead
NASDAQ on the cusp of a ‘major turnaround’: Charles Payne
The “Making Money” host discusses NASDAQ reversal signals on Thursday’s “Takeaway.”
Ukraine tries to ‘boost regulation’ of crypto assets: Natalie Brunell
The Coin Stories podcast host joins “Cavuto: Coast to Coast” to discuss economic strategies involving cryptocurrency as interest rates continue to rise.
Short-lived oil decline
Crude prices steadily climbed on Thursday.
Stocks up after shaking off early losses
Mortgage rates drop to 4% for the first time since May 2019
New rate for 30-year mortgage hit 4.16%: Freddie Mac
Bitcoin Bounces Above $40,000
Investors take a breather
Unemployment benefit claims
Biden to hold talks with Chinese Xi
March 17, 2022
Statement by Press Secretary Jen Psaki on President Biden’s Call with President Xi Jinping of the People’s Republic of China
President Joseph R. Biden, Jr. will meet with President Xi Jinping of the People’s Republic of China (PRC) this Friday. This is part of our ongoing efforts to maintain open lines of communication between the United States and the PRC. The two leaders will discuss the management of competition between our two countries as well as Russia’s war against Ukraine and other issues of common interest.
Futures contracts at a glance
U.S. stock futures were down a day after the Federal Reserve raised interest rates for the first time since 2018.
The rate hike, which puts the benchmark federal funds rate in a range between 0.25% and 0.5%, is likely just the start of a series of hikes aimed at curbing runaway inflation.
Meanwhile, oil prices soared due to supply issues.
Stock futures are trading cautiously in the aftermath of Fed hike
U.S. stock futures traded between gains and losses the morning after the Federal Reserve announced its first interest rate hike since 2008 and China pledged support for its real estate and finance industries. ‘Internet. continue reading
Oil prices rise due to supply problems
Oil futures rose Thursday morning, adding to gains. The International Energy Agency (IEA) said a drop in demand for oil due to rising prices would not compensate for a shutdown of Russian oil supplies, according to Reuters. continue reading
Bitcoin Price Holds Above $40,000
Bitcoin was trading around $40,000 on Thursday morning after the Federal Reserve raised interest rates. The cryptocurrency traded higher in four of the last five days leading into Thursday and is on a three-day winning streak. continue reading
Gasoline prices are sliding
The average price of a gallon of gasoline in the United States slipped to $4,289 on Thursday, according to the latest figures from AAA. The price on Wednesday was $4,305. The previous high was $4.33, set on Friday, March 11, 2022.