Global stock markets plunged on Thursday as investors fear more US interest rate hikes and the risk of recession. Investors’ sentiments were hit by FOMC minutes released on Wednesday on the Federal Reserve’s last interest-rate meeting, which indicated that more hikes lay ahead aimed at taming inflation. US stocks InRead More →
Gold prices traded flat in early domestic futures trade on Wednesday tracking weak global cues and subdued demand from the local spot markets. Gold prices were rangebound in international markets ahead of the release of the US Federal Reserve’s latest monetary policy meeting minutes later in the day. Dollar’s riseRead More →
European stocks gained on Tuesday, led by real estate and healthcare shares. The pan-European STOXX 600 index inched 0.1% higher at the close. Britain’s FTSE 100 fell 0.1% at 7,519.72 points. France’s CAC 40 dropped 0.2% at 7,369.93. Germany’s DAX fell 0.3% at 16,039.17. Among sectors, real estate stocks increased 2.7% and healthcare stocksRead More →
US stocks gained on Monday in a holiday-shortened session. The markets were lifted by a rally in Tesla and strength in bank shares. The Dow Jones Industrial Average rose 10.87 points, or 0.03%, at 34,418.47. The S&P 500 gained 5.21 points, or 0.12%, at 4,455.59. The Nasdaq Composite added 28.85Read More →
US stocks rose on Thursday as banks rallied after Federal Reserve’s annual stress test showed that the biggest US banks have enough capital to weather a severe economic slump. The S&P 500 gained 20.18 points, or 0.46%, at 4,397.04 points. The Dow Jones Industrial Average rose 266.88 points, or 0.79%,Read More →
US stocks closed mixed on Wednesday following a volatile session. The S&P 500 lost 1.14 points, or 0.02%, at 4,377.37 points. The Dow Jones Industrial Average fell 63.90 points, or 0.19%, at 33,862.84. The Nasdaq Composite rose 36.08 points, or 0.27%, at 13,591.75. Federal Reserve chair Jerome Powell on WednesdayRead More →
US stocks climbed on Tuesday on upbeat economic data. The S&P 500 gained 49.25 points, or 1.14%, at 4,378.07 points. The Dow Jones Industrial Average rose 210.66 points, or 0.62%, to 33,925.37. The Nasdaq Composite climbed 219.71 points, or 1.65%, at 13,555.49. A report showed that new orders for keyRead More →
On the Wall Street next week, investors’ major focus will be on the release of the results for the Federal Reserve’s annual stress tests of banks. As the Federal Reserve contemplates new rules tied to Basel III Endgame, the bigger changes for banks are likely to come later, said analysts.Read More →
US stocks rose on Thursday as Federal Reserve chairman Jerome Powell wrapped up his congressional testimony. The S&P 500 rose 16.15 points, or 0.37%, at 4,381.84 points. The Dow Jones Industrial Average fell 3.16 points, or 0.01%, at 33,948.36. The Nasdaq Composite gained 128.41 points, or 0.95%, at 13,630.61. Powell, appearing before theRead More →
US stocks slumped on Wednesday as Federal Reserve Chair Jerome Powell indicated more interest rate hikes to tame inflation in the year ahead. The S&P 500 fell 22.98 points, or 0.52%, at 4,365.73 points. The Dow Jones Industrial Average dropped 102.42 points, or 0.30%, at 33,952.64. The Nasdaq Composite lostRead More →
