Set timer for 30 minutes from now5/2/2023 Best early Amazon Prime Day deals on Kindles right now Related: See Insider's picks for the best credit cards to use on Amazon purchases. Here's a full rundown of what to expect, along with a few early Kindle discounts you can get right now. Though official Prime Day 2022 deals haven't been announced yet, an early deal on the Kindle Paperwhite is set to go live on June 21, and the regular Kindle is already on sale. Prime Day last year, individual Kindle devices were discounted up to 40% we also saw deals on bundles with Kindles and accessories. Kindle Oasis, Kindle Paperwhite, and the standard Kindle all made our list of the best e-readers, so we highly recommend snagging one of these models when they're on sale. (SPOT) stock gained 7.5% after getting upgraded to Equal Weight from Underweight at Wells Fargo.Amazon Prime Day will be held on July 12 and 13 this year, and we're expecting great deals on tons of products, including big discounts on Amazon's Kindle e-readers. (PAG) stock gained 0.9% after the company lifted its quarterly dividend to 47 cents a share from 46 cents. (ZEN) rose 5.6% following a report from The Wall Street Journal that the provider of cloud-based customer-service software was in settlement talks with activist investor Jana Partners that could include the departure of the company’s chief executive. (MSTR), which has significant holdings of Bitcoin on its balance sheet, added 9.2% after a 33% slide since late last week. (ticker: COIN) has risen 6.7%, after having lost 25% of its value in the last five days. Here are five stocks on the move Wednesday:Ĭompanies involved in the crypto space or with exposure to digital assets began to recover on Wednesday. “I wonder how long that lasts?” wrote Seema Shah, chief strategist at Principal Global Investors, noting that the Fed’s rate hike symbolizes how adamant the central bank is about reducing demand. The stock market is still concerned that inflation isn’t slowing down fast enough and that the Fed will be forced to remain aggressive in hiking rates. While things in the stock market may feel encouraging Wednesday, it could just be a bear market rally, or one that occurs in the middle of a larger decline. That means that, as economic growth and inflation slows down, the Fed would consider slowing down the pace of rate hikes, as it tries to avoid tipping the economy into recession. Powell said during his press conference that the Fed hopes to become data dependent at some point. Not only was some of the Fed’s hawkishness already priced into markets, but Fed chair Powell may have given an extra boost to markets as well. “Traders have been pricing in a lot of hawkishness for the Fed, as well as watching for signs that the central bank is getting worried about the economy and planning a slower path of hikes,” wrote Giles Coghlan, chief analyst at HYCM. The S&P 500 fell almost 11% from June 2, the peak of a short rally, through Tuesday’s close. Dollar Index (DXY) dropped 0.7% to just under 95.Īs for stocks, the recent selloff seems to have been enough to keep the indexes higher on the day, post-Fed. Also, with higher rates causing economic growth expectations to drop, investors flock to safe-haven assets like the greenback. financial assets look more attractive, global investors buy more dollars. dollar, which had been moving higher along with yields. The stability seen in bond yields also translated to stability in the U.S. The 2-year Treasury yield closed at just over 3.2%, just under a multiyear high of 3.435% Tuesday, while the 10-year yield traded closed near the same level, below its multiyear closing high of 3.482% hit on Tuesday.īond yields fall when their prices rise, so “the initial reaction was a relief rally,” says Jack McIntyre, portfolio manager of global fixed income at Brandywine Global Investment Management. It seems-for the moment-the markets had already reflected even higher interest rates. The median Fed member now sees the benchmark lending rate hitting 3.75% by the end of 2023. The Fed also laid out a fairly aggressive rate-hiking path going forward. The drastic rate hike-a quarter-point is standard-is in response to inflation that soared to new heights in May. The Fed said that it is lifting the benchmark lending rate by a three-quarter point, in line with the market’s expectation. One of the key takeaways for the day: “The market may have already priced in a higher-than-expected jump,” wrote Mike Loewengart, managing director of investment strategy at ETrade.
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