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
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
US equity indices slipped on Tuesday after mixed earnings reports from Goldman Sachs and Morgan Stanley. At 9:48 a.m. ET, the Dow Jones Industrial Average was down 226.52 points, or 0.60 per cent, at 37,366.46, the S&P 500 was down 26.82 points, or 0.56 per cent, at 4,757.01, and the Nasdaq Composite was down 89.39 … Read more
US stocks gained in light trading on the penultimate trading day of 2023. Investors widely expect that the US Federal Reserve is done raising interest rates and will most likely shift to rate cuts in 2024. As of 10:37 am Eastern time, the S&P 500 rose 0.2 per cent. The Dow Jones Industrial Average added … Read more
US stocks surged on Thursday after the Federal Reserve signalled an end to its aggressive rate hike policy and indicated possible rate cuts next year. At 9:42 a.m. ET, the Dow Jones Industrial Average was up 35.43 points, or 0.10%, at 37,125.67. The S&P 500 was up 21.56 points, or 0.46%, at 4,728.65. The Nasdaq … Read more
Ahead of the US Federal Reserve’s last monetary policy meeting of 2023, US stocks were mixed at the open on Tuesday after the release of the inflation data. The Dow Jones Industrial Average rose 37.17 points, or 0.10%, at the open to 36,442.10. The S&P 500 opened lower by 4.14 points, or 0.09%, at 4,618.30. … Read more
On Wall Street in the week ahead, investors’ major focus will be on the US Federal Reserve’s last monetary policy meeting of 2023. Investors widely expect the FOMC (Federal Open Market Committee) to hold interest rates steady at its meeting. The FOMC interest rate decision will be announced on December 13 and Fed Chairman Jerome … Read more
World markets today: In global markets on Wednesday, the Wall Street fell on higher bond yields and the European equities closed flat on mixed earnings. The MSCI all-world index declined 0.9%, heading for a third straight monthly fall in October. Wall Street The US stocks slipped on Wednesday on surging bond yields and mixed set … Read more
World markets today: In global markets on Monday, the US stocks closed mixed and the European shares declined amid higher bond yields and the ongoing Middle East conflict. The benchmark US treasury yield pulled back after crossing 5% on Monday. The rise in yields has been driven by a surge in government debt and supply … Read more
World markets today: In the global markets, the US stocks and the European shares gained as investors remained risk-averse on prospects of escalation in the Middle East conflict. The MSCI’s gauge of stocks across the globe gained 0.68%. Global investors are also turning their attention to corporate earnings as companies begin to report third quarter … Read more