SUMMARY Situated at an average altitude of 6,000 feet in the Rocky Mountains, Jackson Hole is a top tourist destination for camping, skiing and agrotourism. This settlement in Wyoming – the least populated US state – is also known as the ‘Davos for central bankers’. It is here that global central bankers, economists, financial market …
US stock indices gained on Monday as all eyes are on Jackson Hole Economic Symposium to be held later this week. At the symposium, global central bank officials, including Federal Reserve Chair Jerome Powell, will speak on policy issues. Investors will try to seek clues from Powell’s keynote speech on Friday and other Fed speakers …
The Nasdaq Composite was set to plunge into a correction on Friday, falling more than 10% from its July peak after weak employment numbers aggravated worries of a slowdown in the U.S. economy, while Amazon and Intel’s downbeat forecasts dampened sentiment. The S&P 500 hit its lowest level since July 11 and the Dow was …
US stocks were mixed on Monday, with the tech-heavy Nasdaq and the S&P 500 rising ahead of a Federal Reserve interest rate decision and Big Tech earnings. At 9:51 a.m. ET, the Dow Jones Industrial Average was down 140.72 points, or 0.35 per cent, at 40,448.62, the S&P 500 was up 11.18 points, or 0.20 …
US stock indices edged higher on Monday as investors assessed Donald Trump’s odds of winning the US election after President Joe Biden withdrew from the presidential race and endorsed Kamala Harris’s candidature At 11:44 a.m. ET, the Dow Jones Industrial Average was down 0.95 points at 40,286.58, the S&P 500 was up 28.28 points, or …
US stock indices gained on Monday with benchmark S&P 500 hitting fresh record high on increased bets over presidential candidate Donald Trump winning a second term after he survived an assassination attempt. At 12:01 a.m. ET, the Dow Jones Industrial Average was up 328.71 points, or 0.82 per cent, at 40,329.61, the S&P 500 was …
Next Week, Wall Street will see two key economic reports on industrial production and retail sales, and second quarter results of several major companies such as streaming giant Netflix, Goldman Sachs, Bank of America, Abbott Laboratories, and Johnson & Johnson. After Federal Reserve Chairman Jerome Powell’s testimony to the US Congress last week, investors will …
US stocks were mixed on Thursday after the S&P 500 and Nasdaq hit fresh record highs at the open after softer-than-expected inflation data bolstered hopes for Federal Reserve rate cuts. At 9:48 a.m. ET, the Dow Jones Industrial Average was down 9.47 points, or 0.02%, at 39,711.89, the S&P 500 was up 2.36 points, or …
Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data. Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market participants. Last Friday, a report showed …
Shares of Warren Buffett’s Berkshire Hathaway Inc. fell 99% in a dramatic fall at the start of trading on Wall Street. The New York Stock Exchange has attributed this to a technical glitch and trading has been halted in the stock. The ‘Class-A’ shares of Berkshire Hathaway, 38% of which are owned by the firm …