All articles tagged with #economic volatility
UPS shares fell sharply as the company cited ongoing economic volatility, trade policy impacts, and sluggish workforce reduction efforts, leading to uncertainty and a lack of full-year guidance, despite better-than-expected revenue in the recent quarter.
Mortgage rates fell significantly today, but not due to the Federal Reserve's expected 0.25% rate cut. The drop occurred before the Fed's announcement, driven by election-related volatility in the bond market. While jobless claims data may have played a minor role, the primary cause was the volatile trading environment. Mortgage rates dipped below 7.0% for the first time since late October, reaching their lowest levels in several weeks.
Indian stocks experienced their largest drop in over four years as early vote counts indicated that Prime Minister Narendra Modi's BJP-led alliance might not secure the overwhelming majority predicted by exit polls. The Nifty and BSE indexes fell sharply, reflecting market concerns over potential governance instability. Despite the volatility, some investors remain optimistic about India's long-term economic prospects.