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Market Snapshot: Mining Financing, Pharma Milestones, and ECB Sentiment
Stock Market News· 2025-10-07 11:08
Key TakeawaysTitan Mining Corporation (TI) has received financing interest of up to $120 million from the US EXIM Bank for its Kilbourne Graphite Project, signaling significant government support for critical mineral development.Eli Lilly and Co (LLY) announced that its drug Omvoh (mirikizumab-mrkz) is the first and only IL-23p19 antagonist to demonstrate four years of sustained, corticosteroid-free comprehensive patient outcomes in ulcerative colitis, with 80% of patients maintaining long-term remission.Ec ...
Stock Market Today: Stocks Notch Comeback Close to Q3 As Gov't Shutdown Looms
Yahoo Finance· 2025-09-30 14:37
In the last few minutes, stocks in the S&P 500 (+0.30%), Nasdaq (+0.17%), and Dow (+0.09%) have mounted a surprise end of day showing. So much for that "tepid close" to Q3 that we talked about earlier. Unfortunately for growth stock enthusiasts, the Russell 2000 (-0.44%) still is sitting just off day lows.Here's the chart from the last week of 2025 to today:With today's showings, the Nasdaq remains decisively in the lead, up 17.34% year-to-date. The S&P 500 isn't far behind at 13.72% YTD. The Russell 2000 a ...
Dollar recovers as Fed fails to meet dovish expectations
Yahoo Finance· 2025-09-17 23:50
Group 1 - The U.S. dollar strengthened against most major currencies following the Federal Reserve's expected rate cut, which was characterized as a risk-management measure due to a weakening labor market [1][2][3] - The Federal Reserve reduced rates by a quarter point but indicated no urgency for further cuts in the near future, leading to mixed interpretations among analysts regarding the Fed's messaging [2][4] - The British pound initially gained after the Bank of England's decision to hold rates but later fell 0.6% to $1.35515, as the BoE slowed its bond sales from 100 billion pounds to 70 billion pounds [5][6] Group 2 - Analysts expressed divided opinions on the Fed's stance, with Goldman Sachs suggesting the rate cut could be the first of many, while ANZ described the commentary as "not at all dovish" [4] - The euro also experienced a decline, trading 0.2% lower at $1.17893 after reaching its highest level since June 2021 at $1.19185 [6]