US stocks pared early losses and closed slightly higher on Thursday on the eve of Good Friday. The S&P 500 edged higher 0.36% at 4,104.80. The Dow Jones Industrial Average added 0.01% at 33,486.18. The Nasdaq Composite gained 0.76% at 12,087.96. The S&P 500 and Nasdaq were boosted by rise in Alphabet shares. Read More →
US stocks fell on Wednesday as latest weak economic data fanned fears of a recession. The S&P 500 slid 0.25% at 4,090.20. The Nasdaq Composite lost 1.07% at 11,996.86. The Dow Jones Industrial Average gained 0.24% at 33,483.67. A report by ADP National Employment released on Wednesday showed that USRead More →
US shares edged lower on Tuesday after two reports of weak US economic data. US dollar and treasury yields also fell. All the three major US indices declined more than 0.6%. The S&P 500 shed 0.68% at 4,096.36. The Dow Jones Industrial Average lost 0.71% at 33,362.62. The Nasdaq Composite declined 0.64%Read More →
Global stock markets advanced on Wednesday as anxiety about the global banking crisis fade following the rescue of Credit Suisse and Silicon Valley Bank. To calm worries about the banking sector, regulators around the world, earlier this month, had announced programs to help lenders raise cash. US stocks US stocksRead More →
US shares slipped on Tuesday while treasury yields and gold rose as investors anticipate higher interest rates by the Federal Reserve in the path ahead. The S&P 500 fell 0.16% at 3,971.27. The Dow Jones Industrial Average lost 0.12% at 32,394.25. The Nasdaq Composite dropped 0.45% at 11,716.08. Stocks of energy companiesRead More →
US stocks ended higher after a volatile day of trading on Thursday after US treasury secretary Janet Yellen reassured that steps will be taken to keep deposits safe at banks. “As I have said, we have used important tools to act quickly to prevent contagion. And they are tools we couldRead More →
US stocks gained on Wednesday after the Federal Reserve raised its key rates. By 2:42 pm EST, the S&P 500 was up 0.56% at 4,025.22. The Dow Jones Industrial Average rose 0.34% at 32,670.01. The Nasdaq Composite surged 0.83% at 11,958.37. The US Federal Reserve raised its key interest rates by aRead More →
Global stock markets rallied on Tuesday, with a surge in bank shares as fears of banking crisis eased. Investors’ sentiments were boosted by the raft of measures taken by regulators to stabilize the banking sector. US stocks US stocks gained on Tuesday on signs of stabilizing banking sector. The S&P 500 gainedRead More →
US and European stocks rose in choppy trade on Monday as investors digested the Credit Suisse-UBS deal. UBS Group AG on Sunday announced that it has agreed to buy Credit Suisse Group AG for 3 billion Swiss francs in a Swiss government-brokered deal aimed at containing the global banking crisis. The S&P 500Read More →
Stock markets in the US and Europe gained on Thursday as a liquidity support to Credit Suisse by the Swiss central bank and an interest rate hike by the European Central Bank (ECB) helped ease fears of a widening banking crisis. ECB policymakers on Thursday agreed for 50 bps interest rate hike to tame sky-high inflation. The increase wasRead More →
