European stocks slipped on Friday, as doubts grew over the Federal Reserve’s ability to cut US interest rates in the face of strong economic data. The Stoxx 600 Index closed 0.2% lower, snapping a two-week run of gains, on expectations the Fed will not cut rates before December. However, it pared an earlier sharp drop … Read more
US stocks were muted on Wednesday ahead of chip giant Nvidia’s quarterly results and the US Federal Reserve’s policy meeting minutes. Nvidia, based in Santa Clara, California, will release its first quarter earnings after the market close on Wednesday. Nvidia’s stock is the third largest on Wall Street, following its more than 92% surge this … Read more
US stocks were mixed on Monday, as investors awaited quarterly results from Nvidia and the Federal Reserve’s policy meeting minutes due on Wednesday. At the opening bell, the Dow Jones Industrial Average fell 13.83 points, or 0.03%, to 39,989.76. The S&P 500 was higher by 2.08 points, or 0.04%, at 5,305.35, while the Nasdaq Composite … Read more
On Wall Street in the week ahead, the spotlight will be on the minutes of the Federal Reserve’s last monetary policy meeting and first quarter earnings from the chip giant Nvidia. Both the events are scheduled for Wednesday. In other economic developments, investors will closely watch for Fed chair Jerome Powell’s commencement remarks and home … Read more
Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail giant Walmart and Home Depot … Read more
Gold prices surged on Friday, marking their most substantial weekly gain since early April, driven by pessimism surrounding the weak U.S. employment data, which bolstered expectations of interest rate cuts by the Federal Reserve in the coming months. Spot gold saw an impressive 1.1% increase, reaching $2,372.46 per ounce by 1203 GMT, achieving its highest … Read more
Equities rose as a jump in jobless claims reinforced bets on Fed policy easing — and extended gains after a $25 billion sale of 30-year bonds saw decent demand. The S&P 500 topped 5,200 — though trading volume was 20% below the average of the past 30 days. Gains in stocks have also been attributed … Read more
Investors will also closely watch Fed Chairman Jerome Powell’s press conference for insights on the US central bank’s future monetary policy path. The Fed is widely expected to hold interest rates steady. The week will also see other economic data such as auto sales and ISM manufacturing, and earnings reports from a wide range of … Read more
On Wall Street in the week ahead, the focus of stock market investors will be on the first quarter (Q1) US GDP data, the Federal Reserve’s preferred inflation gauge – the PCE (personal consumption expenditures) index, and quarterly financial results from Microsoft, Alphabet, Meta Platforms and Tesla. Market participants will also keep an eye on … Read more
Wall Street: US stock indices surged on Wednesday bolstered by megacap stocks and positive corporate earnings. At 9:41 a.m. ET, the Dow Jones Industrial Average was up 146.74 points, or 0.39 per cent, at 37,945.71, the S&P 500 was up 20.02 points, or 0.40 per cent, at 5,071.43, and the Nasdaq Composite was up 71.46 … Read more