US stocks rose on Wednesday after latest GDP data hinted at pause in interest rate hike. The S&P 500 rose 0.38% at 4,514.87 points. The Nasdaq gained 0.54% at 14,019.31 points. The Dow Jones Industrial Average added 0.11% at 34,890.24 points. Data on gross domestic product (GDP) showed that the US economy expanded 2.1% in … Read more
US stocks slumped more than 1% on Thursday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, on Friday. The S&P 500 lost 59.7 points, or 1.35%, at 4,376.31. The Dow Jones Industrial Average fell 373.56 points, or 1.08%, at 34,099.42. The Nasdaq Composite dropped 257.06 points, or 1.87%, at 13,463.97. Central … Read more
US stocks on Thursday were pulled down by fears of interest rate hike by the Federal Reserve. Rise in bond yields also fuelled the selloff in shares. The S&P 500 fell 0.33% at 4,389.6. The Dow Jones Industrial Average dropped 0.42% at 34,619.25 points. The Nasdaq Composite lost 0.67% at 13,384.01. The Fed minutes released … Read more
US stocks slipped on Wednesday after the Federal Reserve’s minutes showed that FOMC members were divided over the rate hike in July. The S&P 500 fell 33.62 points, or 0.76%, at 4,404.24 points. The Dow Jones Industrial Average shed 179.86 points, or 0.51%, at 34,766.53. The Nasdaq Composite lost 156.59 points, or 1.15%, at 13,474.45. … Read more
US stocks gained on Monday ahead of retail sales data due on Tuesday. The S&P 500 gained 25.67, or 0.6%, to 4,489.72. The Dow Jones Industrial Average edged higher 26.23 points, or 0.1%, to 35,307.63. The Nasdaq composite rose 143.48, or 1.1%, to 13,788.33. On Tuesday, the US government will release July data on sales … Read more
US stocks ended flat on Thursday following the July inflation data. US stocks ended flat on Thursday following the July inflation data. The S&P 500 added 1.34 points, or 0.03%, at 4,469.05 points. The Nasdaq Composite gained 16.39 points, or 0.12%, at 13,739.06. The Dow Jones Industrial Average edged up 50.28 points, or 0.15%, at … Read more
US stocks dipped on Thursday, despite growth in economy and upbeat earnings from big companies. The S&P 500 sank 29.34, or 0.6%, to 4,537.41. The Dow Jones Industrial Average dropped 237.40, or 0.7%, to 35,282.72. The Nasdaq composite lost 77.17, or 0.5%, at 14,050.11. A latest report showed on Thursday that gross domestic product (GDP) … Read more
US stocks edged higher on Monday ahead of the Federal Reserve monetary policy meeting. The US central bank is widely expected to hike its interest rates on Wednesday to its highest level since 2001. The S&P 500 rose 18.30, or 0.4%, at 4,554.64. The Dow Jones Industrial Average gained 183.55, or 0.5%, at 35,411.24. The … Read more
US stocks rose on Wednesday following earnings reports from a spate of banks and other big companies. The S&P 500 rose 10.74, or 0.2%, at 4,565.72. The Dow Jones Industrial Average gained 109.28 points, or 0.3%, at 35,061.21. The Nasdaq composite edged up by 4.38, or less than 0.1%, at 14,358.02. The insurance provider Elevance … Read more
US stocks edged higher on Thursday, as data showed the annual increase in US producer inflation was the smallest in nearly three years. In June, the producer price index climbed 0.1%. That was the smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. The S&P 500 gained 37.73 points, or 0.84%, … Read more