US stocks slumped on Wednesday, after Fitch Ratings cut the credit rating of the US government. Rating agency Fitch on Tuesday downgraded US debt rating to AA from AAA. It said that expected fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations threaten the US government’sRead More →
On the Wall Street on Tuesday, the S&P 500 and the Nasdaq edged lower following a mixed set of earnings reports. The S&P 500 dropped 12.25 points, or 0.26%, at 4,576.94 points. The Nasdaq Composite lost 62.11 points, or 0.43%, at 14,284.20. The Dow Jones Industrial Average gained 69.04 points,Read More →
US shares edged higher on Monday on strong earnings reports. The S&P 500 rose 6.73 points, or 0.1%, at 4,588.96. The Dow Jones Industrial Average climbed 100.24, or 0.3%, at 35,559.53. The Nasdaq composite added 29.37, or 0.2%, at 13,346.02. Shares of financial services provider SoFi Technologies rallied 19.9% after reportingRead More →
Foreign Exchange Reserves in India declined to 49,75,431 crores in the week ended July 21th 2023, the down from in nearly 50,04,017 crores months. In July, the yield on the Indian 10-year government bond declined to approximately 7.05%, reaching its lowest level in a month. This drop followed the globalRead More →
US stocks dipped on Thursday, despite growth in economy and upbeat earnings from big companies. The S&P 500 sank 29.34, or 0.6%, to 4,537.41. The Dow Jones Industrial Average dropped 237.40, or 0.7%, to 35,282.72. The Nasdaq composite lost 77.17, or 0.5%, at 14,050.11. A latest report showed on Thursday that grossRead More →
US stocks were steady on Wednesday after the Federal Reserve lifted interest rate. The S&P 500 lost 0.71 points, or 0.02%, at 4,566.75. The Dow Jones Industrial Average rose 82.05 points, or 0.23%, at 35,520.12. The Nasdaq Composite dropped 17.27 points, or 0.12%, at 14,127.28. The Federal Reserve raised its benchmark overnightRead More →
US stocks edged higher on Monday ahead of the Federal Reserve monetary policy meeting. The US central bank is widely expected to hike its interest rates on Wednesday to its highest level since 2001. The S&P 500 rose 18.30, or 0.4%, at 4,554.64. The Dow Jones Industrial Average gained 183.55,Read More →
On the Wall Street next week, investors will focus on the Federal Reserve meeting and earnings from tech giants — Microsoft, Meta Platforms and Alphabet. The US central bank is widely expected to hike its interest rates on Wednesday to its highest level since 2001. The earnings season is gainingRead More →
On the Wall Street, S&P 500 and Nasdaq were dragged down by Tesla, Netflix and other big tech-oriented stocks on Thursday. The S&P 500 fell 30.85, or 0.7%, at 4,534.87. The Dow Jones Industrial Average rose 163.97 points, or 0.5%, at 35,225.18. The Nasdaq composite dropped 294.71, or 2.1%, atRead More →
US stocks rose on Wednesday following earnings reports from a spate of banks and other big companies. The S&P 500 rose 10.74, or 0.2%, at 4,565.72. The Dow Jones Industrial Average gained 109.28 points, or 0.3%, at 35,061.21. The Nasdaq composite edged up by 4.38, or less than 0.1%, at 14,358.02. The insurance providerRead More →
