US stock indices were muted on Monday ahead of the Federal Reserve’s monetary policy meeting scheduled for January 30-31 and earnings from Big Tech companies. At 11:27 a.m. ET, the Dow Jones Industrial Average was down 16.46 points, or 0.04 per cent, at 38,092.97, the S&P 500 was up 1.04 points, or 0.02 per cent, … Read more
US equity indices slipped on Tuesday after mixed earnings reports from Goldman Sachs and Morgan Stanley. At 9:48 a.m. ET, the Dow Jones Industrial Average was down 226.52 points, or 0.60 per cent, at 37,366.46, the S&P 500 was down 26.82 points, or 0.56 per cent, at 4,757.01, and the Nasdaq Composite was down 89.39 … Read more
Indian stock market: The domestic equity indices are expected to open on a flat note Thursday amid positive global cues. Investors await the release of Q3 results from major IT companies later today, marking the beginning of the earnings season for the third quarter of FY24. Asian markets traded higher, while the US stocks ended … Read more
Indian stock market: The domestic equity indices, Sensex and Nifty 50, are expected to open lower on Monday, January 1, the first trading day of 2024, amid lack of global market cues. Most of the stock markets around the world are shut today on New Year’s Day. The Indian stock market may see a thin … Read more
US stocks gained in light trading on the penultimate trading day of 2023. Investors widely expect that the US Federal Reserve is done raising interest rates and will most likely shift to rate cuts in 2024. As of 10:37 am Eastern time, the S&P 500 rose 0.2 per cent. The Dow Jones Industrial Average added … Read more
India stock market: The Indian stock market indices, Sensex and Nifty 50, are expected to continue the rally towards record high following positive global cues amid optimism over dovish monetary policy by the US Federal Reserve. Global market cues remain supportive with the Asian markets trading higher and US stock indices ending on a strong … Read more
US stocks surged on Thursday after the Federal Reserve signalled an end to its aggressive rate hike policy and indicated possible rate cuts next year. At 9:42 a.m. ET, the Dow Jones Industrial Average was up 35.43 points, or 0.10%, at 37,125.67. The S&P 500 was up 21.56 points, or 0.46%, at 4,728.65. The Nasdaq … Read more
The Dow Jones Industrial Average surged to close at more than 37,000 points for the first time as investors applauded a statement from the Federal Reserve on Wednesday that it could cut its benchmark interest rate next year. The blue-chip index jumped 512 points, or 1.4%, to end the day at 37,090, topping its prior … Read more
Ahead of the US Federal Reserve’s last monetary policy meeting of 2023, US stocks were mixed at the open on Tuesday after the release of the inflation data. The Dow Jones Industrial Average rose 37.17 points, or 0.10%, at the open to 36,442.10. The S&P 500 opened lower by 4.14 points, or 0.09%, at 4,618.30. … Read more
On Wall Street in the week ahead, investors’ major focus will be on the US Federal Reserve’s last monetary policy meeting of 2023. Investors widely expect the FOMC (Federal Open Market Committee) to hold interest rates steady at its meeting. The FOMC interest rate decision will be announced on December 13 and Fed Chairman Jerome … Read more