Asian markets traded higher on Wednesday following overnight rally in US stocks amid better than expected quarterly results from Wall Street. In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Data showed … 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
US stocks gained on Wednesday with Nasdaq rallying over 1% after data showed a slowdown in inflation. The inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon. The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, or 1.16%, at 13,921.00. The … Read more
US stocks edged higher marginally on Monday as investors awaited inflation data, due to be released on Wednesday. US stocks edged higher marginally on Monday as investors awaited inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or … Read more
US stocks gained on Monday in a holiday-shortened session. The markets were lifted by a rally in Tesla and strength in bank shares. US stocks gained on Monday in a holiday-shortened session. The markets were lifted by a rally in Tesla and strength in bank shares. The Dow Jones Industrial Average rose 10.87 points, or … Read more
US stocks rose on Thursday as banks rallied after Federal Reserve’s annual stress test showed that the biggest US banks have enough capital to weather a severe economic slump. The S&P 500 gained 20.18 points, or 0.46%, at 4,397.04 points. The Dow Jones Industrial Average rose 266.88 points, or 0.79%, at 34,119.54. The Nasdaq Composite … Read more