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 …
U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 average forecast by economists polled by …
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 …
Ward wizard: Company gets order worth $1.29 billion from Beulah International Development Corporation to revolutionize Philippines public transport with electric vehicles KEC Int: Company gets new orders worth Rs 1,061 crore across business verticals. Artson Engineering: Company gets Rs 126 crore order for engineering and construction at Guwahati International Airport Vakrangee: Company Partners with Tax2Win …