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Tag: wsjfinance-asia

Cryptocurrency TerraUSD Plunges as Investors Bail

Post author By mangakiko
Post date May 11, 2022
No Comments on Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 2:43 pm ET, it had partially rebounded to about 68 cents in volatile […]

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Markets

Dow Falls for Fourth Straight Day

Post author By mangakiko
Post date May 11, 2022
No Comments on Dow Falls for Fourth Straight Day

US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend […]

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Business

US Stocks Turn Lower, Extending Selloff

Post author By mangakiko
Post date May 10, 2022
No Comments on US Stocks Turn Lower, Extending Selloff

US stock indexes rebounded early Tuesday, before dropping back into negative territory, following three days of punishing declines. The S&P 500 was recently down 0.5% in morning trading, a day after the broad index slumped 3.2% to its lowest level for the year. The technology-heavy Nasdaq Composite dropped 0.4% while the Dow Jones Industrial Average […]