US stocks rose on Wednesday after latest GDP data hinted at pause in interest rate hike. The S&P 500 rose 0.38% at 4,514.87 points. The Nasdaq gained 0.54% at 14,019.31 points. The Dow Jones Industrial Average added 0.11% at 34,890.24 points. Data on gross domestic product (GDP) showed that the US economy expandedRead More →
The latest jobs report has raised investors’ hopes of a pause in interest rate hikes by the US Federal Reserve. The S&P 500 gained 64.39 points, or 1.45%, at 4,497.70 points. The Nasdaq Composite rose 239.36 points, or 1.74%, at 13,943.37. The Dow Jones Industrial Average surged 294.97 points, orRead More →
US stocks surged on Monday ahead of economic data. The S&P 500 rose 27.60 points, or 0.6%, at 4,433.31. The Dow Jones Industrial Average gained 213.08 points, or 0.6% at 34,559.98.The Nasdaq composite added 114.48 points, or 0.8%, at 13,705.13. The US government will release its July report on jobRead More →
On Wall Street in the week ahead, focus of investors will be on key economic data reports which include jobs data for August, data on consumer confidence for August, pending home sales for July, and ISM manufacturing data for August. The US non-farm payrolls report for August will be releasedRead More →
US stocks slumped more than 1% on Thursday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, on Friday. The S&P 500 lost 59.7 points, or 1.35%, at 4,376.31. The Dow Jones Industrial Average fell 373.56 points, or 1.08%, at 34,099.42. The Nasdaq Composite dropped 257.06 points,Read More →
US stocks climbed on Wednesday, led by tech shares after Nvidia shares jumped on hopes of stronger quarterly results. The S&P 500 gained 48.84 points, or 1.11%, at 4,436.39 points. The Nasdaq Composite rose 215.16 points, or 1.59%, at 13,721.03. The Dow Jones Industrial Average added 188.50 points, or 0.55%, atRead More →
US stocks slipped on Tuesday on worries over interest rate hike by the Federal Reserve. The S&P 500 lost 11.06 points, or 0.25%, at 4,388.71. The Dow Jones Industrial Average fell 170.34 points, or 0.49%, at 34,293.35. The Nasdaq Composite added 13.79 points, or 0.1%, at 13,511.38. Banking index edgedRead More →
On Wall Street, technology stocks led the Nasdaq and the S&P 500 higher on Monday, despite rise in treasury yields. The S&P 500 added 30.42 points, or 0.70%, at 4,400.13 points. The Nasdaq Composite climbed 206.65 points, or 1.55%, at 13,497.42. The Dow Jones Industrial Average fell 37.40 points, orRead More →
US stocks on Thursday were pulled down by fears of interest rate hike by the Federal Reserve. Rise in bond yields also fuelled the selloff in shares. The S&P 500 fell 0.33% at 4,389.6. The Dow Jones Industrial Average dropped 0.42% at 34,619.25 points. The Nasdaq Composite lost 0.67% at 13,384.01.Read More →
US stocks slipped on Wednesday after the Federal Reserve’s minutes showed that FOMC members were divided over the rate hike in July. The S&P 500 fell 33.62 points, or 0.76%, at 4,404.24 points. The Dow Jones Industrial Average shed 179.86 points, or 0.51%, at 34,766.53. The Nasdaq Composite lost 156.59Read More →
