Nasdaq hits record high as growth stocks rise; inflation data weighs
The Nasdaq index reversed early declines to hit a record high on Tuesday, helped by a rise in growth-linked megacap stocks and as earnings season kicked off on a positive note, while a solid rise in consumer prices in June weighed on sentiment.
India’s seven-day COVID average at new high, WHO issues warning on strain
India’s coronavirus crisis showed scant sign of easing on Tuesday, with a seven-day average of new cases at a record high and international health authorities warning the country’s variant of the virus poses a global concern.
Meme-based cryptocurrency Dogecoin soars 40% to all-time high
Meme-based virtual currency Dogecoin soared on Wednesday to an all-time high, extending its 2021 rally to become the fourth-biggest digital coin. Dogecoin, launched as a satirical critique of 2013’s cryptocurrency frenzy, has climbed 41% in the last 24 hours to a record $0.68, according to CoinMarketCap. This year alone it has soared over 14,000%, from […]
Shares near record peak, dollar shuffles higher
World share indexes stayed near all-time highs on Tuesday and the dollar and government bond yields tip-toed higher, as some of the biggest global economies pushed on with easing COVID-19 restrictions. Sensitive cyclical sectors including mining, travel and energy helped drive modest early gains in Europe where British markets were also playing catch-up after an […]
