Streetbeat News

Economic Data

DIA

US stock markets experienced a significant decline, with the Dow Jones Industrial Average dropping over 500 points. The selloff was triggered by unexpected inflation data and concerns about the potential inflationary impact of Trump-era trade tariffs, creating uncertainty in the financial markets.

Portfolio Pulse from

March 28, 2025 | 4:45 pm

WOLF

Wolfspeed has received $192.1 million in cash tax refunds under Section 48D, with expectations of over $600 million in fiscal year 2026. The company plans to use these funds to strengthen its capital structure and reaffirms its business outlook for the third quarter of fiscal 2025, including revenue guidance of $170-$200 million and continued focus on operational simplifications.

Portfolio Pulse from

March 28, 2025 | 4:45 pm

BTCUSD

The core PCE price index rose 0.4% in February, marking the most significant monthly increase since January 2024, signaling persistent inflation. Simultaneously, consumer spending growth underperformed expectations, suggesting potential economic cooling. This data complicates the Federal Reserve's potential timeline for interest rate cuts.

Portfolio Pulse from

March 28, 2025 | 4:30 pm

SMH

The article suggests that semiconductors and transportation sectors are key economic indicators, with the Semiconductor ETF (SMH) having peaked in summer 2024 and the Dow Jones Industrial Average (DJIA) collapsing in late February. The author implies potential economic challenges ahead based on these market signals.

Portfolio Pulse from

March 28, 2025 | 4:30 pm

BTCUSD

Today's quarterly Bitcoin and Ethereum options expiry, totaling $14.21 billion, could significantly impact cryptocurrency markets. With over 40% of total open interest expiring, Bitcoin's 'maximum pain' level at $85,000 might induce short-term price pressure, while institutional investors continue accumulating despite market fear.

Portfolio Pulse from

March 28, 2025 | 4:15 pm

FXE

The GBP/USD exchange rate remains steady around 1.2950 following the release of US Core PCE inflation data at 2.8%, which reinforces Federal Reserve's inflation concerns. UK economic data showed resilience with retail sales beating forecasts and Q4 2024 growth at 0.1%. Traders are now focusing on upcoming US economic indicators and potential trade war escalation due to Trump's car tariffs.

Portfolio Pulse from

March 28, 2025 | 4:00 pm

UUP

The GBP/USD exchange rate remains steady around 1.2950, influenced by the latest US Personal Consumption Expenditure (PCE) inflation data and ongoing trade uncertainty following Trump's car tariffs. Traders are closely monitoring economic indicators and potential geopolitical developments.

Portfolio Pulse from

March 28, 2025 | 4:00 pm

UUP

The EUR/USD currency pair is demonstrating potential bullish signals on the daily chart, rebounding above 1.08 despite mixed US economic indicators. Technical analysis suggests a possible trend reversal, with momentum indicators and moving averages pointing towards a positive direction.

Portfolio Pulse from

March 28, 2025 | 4:00 pm

BTCUSD

The Federal Reserve's February PCE inflation index rose 0.4%, exceeding economist expectations and signaling potential challenges for monetary policy. This unexpected increase suggests the Fed may maintain higher interest rates, causing significant volatility in cryptocurrency markets with substantial price declines across major digital assets.

Portfolio Pulse from

March 28, 2025 | 3:45 pm