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US stocks declined on Tuesday ahead of a slew of economic data and Federal Reserve chair Jerome Powell’s congressional testimony. At 9:40 a.m. Eastern time, the Dow Jones Industrial Average was down 182 points, or 0.5 per cent, the S&P 500 was 0.5 per cent lower, and the Nasdaq composite was 0.9 per cent lower. … Read more

US stocks sank on Tuesday after the worse-than-expected inflation data dampened hopes of interest rates cut in May. At 9:42 a.m. ET, the Dow Jones Industrial Average was down 427.32 points, or 1.10 per cent, at 38,370.06, the S&P 500 was down 66.94 points, or 1.33 per cent, at 4,954.90, and the Nasdaq Composite was … Read more

US stock indices were muted on Monday as investors awaited key economic data including inflation due this week. At 9:51 a.m. ET, the Dow Jones Industrial Average was up 21.04 points, or 0.05 per cent, at 38,692.73, the S&P 500 was up 1.20 points, or 0.02 per cent, at 5,027.81, and the Nasdaq Composite was … Read more

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

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

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

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