Wednesday's interest rate cut in the US failed to spark a general rally as renewed concerns about overvalued AI stocks sent Wall Street into a tailspin. Cloud services company Oracle fell like a stone.
TechnologyThe Stockholm Stock Exchange started Thursday's trading slightly lower but regained its courage and turned around. At closing, the broad OMXS index had risen 0.6 percent after a strong afternoon.
BusinessThe major indices in Asia are trading lower the day after the Fed's announcement of another interest rate cut in the US.
BusinessThe Federal Reserve (Fed) announced an expected cut in the US interest rate – and Wall Street turned positive in a single cent.
BusinessThe US Federal Reserve (Fed) has cut its key interest rate by a quarter of a percentage point to a range of 3.50–3.75 percent, as expected. However, the Fed is cautious about future cuts.
BusinessThe Stockholm Stock Exchange closed unchanged on Wednesday. The appliance chain Clas Ohlson fell heavily after this morning's quarterly report.
BusinessSmall movements characterized the opening Tuesday trading on the major Asian stock exchanges.
BusinessFacebook's parent company Meta rose sharply on an otherwise cautious New York Stock Exchange after reports of planned cuts in the company.
BusinessMore in Federal Reserve
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