Thursday turned out to be a forgettable day on Wall Street, quite contrary to what the Indian markets experienced. The Dow Jones fell over 1.5% or 600 points to see their worst session of 2024. Losses in the Dow were led by Boeing, which fell over 7.5%. The S&P 500 also fell 0.7%, while the …
Indian stock market: The domestic equity market is expected to open flat to positive as Gift Nifty saw morning trade at 22,671, up 21 points, or 0.1% tracking the weak global cues in US and Asian markets after US Fed meeting minutes revealed hawkish comments. On Wednesday, the Indian stock market indices ended higher led …
US stocks were drifting 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 …
The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
In the week ahead on Wall Street all eyes will be on the US Federal Reserve’s monetary policy meeting. After inflation data released last week showed that the consumer prices in the US rose in February, the Fed policymakers are widely expected to keep interest rate unchanged. The FOMC’s (Federal Open Market Committee) interest rate …
Before Market Opens: Indian markets are likely to open in the red on Thursday despite a surge in Asian peers as Japan’s Nikkei 225 gained over 0.8% to a new record high above the 40,000 mark. Gift Nifty was trading 14 points lower, indicating a negative start for benchmark Nifty. Let’s take a look at …
US stocks edged lower on Wednesday ahead of an inflation data due later in the week. At 09:35 a.m. ET, the Dow Jones Industrial Average was down 204.74 points, or 0.53 per cent, at 38,767.67, the S&P 500 was down 14.78 points, or 0.29 per cent, at 5,063.40, and the Nasdaq Composite was down 66.84 …
US stocks surged on Thursday on robust Nvidia results. Nvidia’s shares rallied 12.9 per cent after the chipmaker forecast a roughly three-fold surge in first quarter revenue on strong demand for its artificial intelligence (AI) chips. At 09:42 a.m. ET, the benchmark S&P 500 was up 1.31 per cent at 5,047.07, after hitting intraday record …
US stocks were flat on Thursday as investors digested corporate earnings reports and jobs data. At 9:46 a.m. ET, the Dow Jones Industrial Average was down 1.96 points, or 0.01 per cent, at 38,675.40, the S&P 500 was down 4.24 points, or 0.08 per cent, at 4,990.82, and the Nasdaq Composite was down 8.23 points, …
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 9:40 a.m. ET, the Dow Jones Industrial Average was up 15.75 points, or 0.04 per cent, at 38,125.18, the S&P 500 was up 3.15 points, or 0.06 per cent, …