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By Staff Reporters
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Last week, the NASDAQ snapped its eight-week winning streak, but it’s still on pace for its best and has nearly erased its total losses from 2022. Over in the media world, everyone (Disney, Warner Bros. Discovery, Paramount Global) is struggling except Netflix.
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But, the U.S. dollar rose to a 15-month high against the ruble this Monday after dramatic weekend events in Russia, which saw an aborted mutiny by heavily armed mercenaries. The dollar index also found some safe-haven support on lingering worries that the protracted monetary tightening cycles from major central banks would further hurt the global economic outlook.
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Filed under: iMBA, Inc. | Tagged: Discovery, Disney, DJIA, dollar, dollar index, DOW, NASDAQ, S&P 500, Treasury yields, US Dollar, Warner | Leave a comment »
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