LONDON: US and European stock markets rose Wednesday and gold hit a record high as the Federal Reserve kept alive expectations of rate cuts later this year and the British government unveiled a pro-growth budget.In volatile trading, gold touched 2,150, well above its previous high of $2,141.79 as expectations of lower interests rates hurt the … Read more
Wall Street followed world shares higher on Wednesday and the benchmark U.S. Treasury yield dipped to a one month low after Federal Reserve Chair Jerome Powell provided assurances that while inflation is not quite tamed rate cuts can be expected this year. All three major U.S. stock indexes gained out of the gate in a … Read more
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
Yet another bumper earnings readout from Nvidia Corp. may be all it takes to reignite Wall Street’s appetite for US stocks. A sign for a Nvidia building is shown in Santa Clara, California.(AP) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} JPMorgan Chase & Co.’s trading desk, led by Head of US Market Intelligence Andrew Tyler, said in a … Read more
Indian stock market: The domestic equity indices are expected to open on a cautious note on Wednesday as global market cues remain weak. Asian markets traded lower, while the US stocks ended in the red overnight amid receding hopes of an early interest rate cut by the US Federal Reserve. Investors now await the release … Read more
Indian stock market: The domestic equity indices, Nifty 50 and Sensex, are likely to open on a positive note Friday tracking gains in global markets. Asian markets traded higher, while US stocks ended higher overnight after economic data increased investors’ optimism that the US Federal Reserve will begin interest rate cuts in coming months. Catch … 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
Indian stock market: The domestic equity market is expected to open flat on Wednesday tracking mixed cues from global peers as sentiment remained cautious. Asian markets traded lower, while US stock market indices ended mixed as investors reacted to corporate earnings by prominent companies. Catch Live Market Updates here Investors now watch out for the … 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