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
Wall Street: US stocks were mixed on Tuesday as Treasury yields advanced amid conflict in Middle East. At 9:48 a.m. ET, the Dow Jones Industrial Average was up 87.56 points, or 0.23 per cent, at 37,822.67, the S&P 500 was down 13.26 points, or 0.26 per cent, at 5,048.56, and the Nasdaq Composite was down … Read more
The Indian economy has been doing well, with three consecutive quarters of 8%-plus growth so far in FY24. During this period, the banking sector’s credit growth has increased nearly 17% to ₹160 trillion, according to data from the Reserve Bank of India (RBI). Credit card debt has risen by 23% to ₹2.5 trillion, which is … Read more
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about … Read more
Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumer confidence. Last week, the US … Read more
The March clampdown led the broad Midcap and Smallcap indexes to a total fall of -8% and -13%, respectively, from the intraday high to low between 5th to 14th of March. Following the low point reached last Thursday, the market has rebounded, experiencing a gain of around 5% to 7% respectively. The total cut has … Read more
US equities slid on Thursday after hotter-than-expected producer prices data. At 10:01 a.m. ET, the Dow Jones Industrial Average was down 168.41 points, or 0.43 per cent, at 38,874.91, the S&P 500 was down 26.56 points, or 0.51 per cent, at 5,138.75, and the Nasdaq Composite was down 96.03 points, or 0.59 per cent, at … Read more