Stocks sank while Treasury yields hit new multi-year highs after jobs data bolstered the case for the Federal Reserve to keep interest rates elevated. Dow posts worst day since March: With Tuesday’s losses, the Dow went into the red for the year, off by 0.4%. The broader S&P 500 is still up 10% for 2023.. … Read more
Stocks sank while Treasury yields hit new multi-year highs after jobs data bolstered the case for the Federal Reserve to keep interest rates elevated. Dow posts worst day since March: With Tuesday’s losses, the Dow went into the red for the year, off by 0.4%. The broader S&P 500 is still up 10% for 2023.. … Read more
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07:49 PM Apple suppliers slide on China anxiety, threat from Huawei China’s widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday on fears Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei. Apple shares have tumbled 6.4% over the … Read more
01:49 PM Crypto Price Today: Bitcoin rises above $25,700; Solana, Shiba Inu surge up to 3% The crypto tokens were trading mixed on Wednesday. Bitcoin, Ethereum, Solana, and Shiba Inu were trading with gains, while BNB, XRP, Dogecoin. and Litecoin were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 … Read more
07:36 PM Pinning inflation expectations is key in turmoil, says Lagarde Central banks must pin inflation expectations at their targets at a time when changes in the labour and energy markets as well as geopolitical turmoil cause some price swings, European Central Bank President Christine Lagarde said on Monday.“It will be critical for central banks … Read more
Sensex Today Live: Equity benchmark indices rose on Friday as investors seemed to be relatively cautious amid mixed global cues. Economic growth of 7.8 per cent in the three months ended June, the highest in the past four quarters, helped investor sentiments. Majority of the stocks in both Sensex and Nifty were in the positive … Read more
You have updates 11:52 IST, August 31st 2023 Share Market LIVE: Rupee rises 1 paise The Indian Rupee slightly increased by 1 paise to reach 82.62 against the US Dollar in early trading on Thursday. This rise was influenced by a positive trend in the local stock market. However, the Rupee was affected by factors … Read more
09:32 AM Market View | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services The near-term market outlook has turned distinctly positive with the US economy’s soft landing narrative lifting sentiments globally and Chandrayaan 3 ‘s successful soft landing on the moon boosting sentiments in India. Weakening US economic data, particularly the decline … Read more
05:49 PM Conviction missing from timid Nifty. What traders should do on Wednesday As Nifty ended flat on Monday, a small negative candle was formed on the daily chart with minor upper shadow. Technically, this market action indicates range-bound movement in the market at the highs. This also signals lack of strength in the market … Read more