US stock markets ended the week sharply lower on Friday as investors pulled back from technology stocks amid growing concerns about elevated interest rates and the sustainability of recent market gains. The technology-focused Nasdaq recorded its steepest single-day decline since April 2025, falling more than 4 percent. The broader S&P 500 dropped 2.6 percent, while…
Starting next Tuesday, buying or selling stocks on Wall Street is about to become quicker with a new settlement cycle standard. The current “T+2” cycle, where transactions settle in two business days, will shift to a “T+1” cycle, reducing the settlement period to just one business day. This significant change, effective May 28, aims to…
EquiLend, a prominent Wall Street firm processing trillions of dollars in securities transactions monthly, has fallen victim to a cyberattack, disrupting some of its systems, the company confirmed on Wednesday. Owned by major financial institutions including Goldman Sachs, JPMorgan, BlackRock, and Bank of America, EquiLend issued a statement to CNN, revealing that it may take…
