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 stock market indices ended higher on Monday led by gains in technology stocks that witnessed their best days in two weeks. The S&P 500 rallied 0.58% to end at 4,489.72 points, while the Nasdaq jumped 1.05% to 13,788.33 points. The Dow Jones Industrial Average ended 0.07% higher at 35,307.63. Rally in S&P 500 and … 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
Asian markets traded mixed on Friday following overnight losses on Wall Street amid rising bond yields. Japanese stocks declined, while investors elsewhere in the region awaited the Reserve Bank of Australia’s monetary policy statement after the central bank unexpectedly held rates at 4.1% on Tuesday. In the US, data showed the number of Americans filing … Read more
Asian markets declined on Thursday following overnight selloff on Wall Street after Fitch Ratings cut the US government’s credit rating. The credit rating agency Fitch downgraded the United States to AA+ from AAA, citing expected fiscal deterioration over the next three years as well as growing government debt. Meanwhile, private payrolls data in the US … 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
Asian markets traded mixed on Tuesday following overnight gains on Wall Street ahead of key central bank rate decisions. Chinese stocks led the gains in the region on optimism over more economic stimulus from Beijing after China’s Politburo pledged to provide a boost to the slowing economy and its ailing property sector. In the US, … 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
Asian markets declined on Friday following mixed cues from US stock indices and after the release of Japan’s inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%. However, this was for the 15th straight month that 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