US stocks rose on Thursday on hopes that the Federal Reserve may pause interest rate hikes and on approval to debt deal. The S&P 500 gained 41.26 points, or 0.99%, at 4,221.09. The Dow Jones Industrial Average rose 154.09 points, or 0.47%, at 33,062.36. The Nasdaq Composite added 165.70 points,Read More →
Global stock markets slumped on Wednesday as US debt limit deal faced backlash from hardline Republican and on weakening Chinese economy. US stocks fell as investors awaited a crucial vote in Congress on debt deal. The S&P 500 lost 25.39 points, or 0.60%, at 4,180.13. The Dow Jones Industrial AverageRead More →
US stocks closed mixed on Tuesday amid worries over whether the US Congress will pass a debt ceiling deal. The S&P 500 gained 0.15 points to finish flat at 4,205.6. The Dow Jones Industrial Average fell 50.49 points, or 0.15%, at 33,042.85. The Nasdaq composite rose 41.74 points, or 0.32%Read More →
European shares fell on Monday on losses in technology and bank stocks. The pan-European STOXX 600 index ended 0.1% lower. Germany’s DAX fell 0.2% at 15,952.73. France’s CAC 40 declined 0.2% at 7,303.81 points. Spain’s IBEX lost 0.1% after Prime Minister Pedro Sanchez unexpectedly called a snap national election. SwedishRead More →
After the deal on US debt limit, focus of investors on Wall Street next week will shift to other major economic data, including jobs report for May. The jobs data for May will be released on June 2. Earnings of HP, Salesforce and NetApp are also due next week. TheRead More →
On the Wall Street, Nasdaq and S&P 500 soared on Thursday on rally in Nvidia shares and other AI-related companies, and on progress in US debt ceiling talks. The S&P 500 gained 36.07 points, or 0.88%, at 4,151.27. The Nasdaq Composite surged 213.16 points, or 1.71%, at 12,698.09. The DowRead More →
Global stocks tumbled on Wednesday as worries grew about US debt default. Investors’ focus is on Washington, where President Joe Biden and House Speaker Kevin McCarthy have had a number of meetings to find a path to lift the debt limit from the current $31.8 trillion ahead of a June 1 deadline. USRead More →
US stocks slumped on Tuesday as worries grew over raising of debt limit. Another round of debt ceiling talks between White House officials and Congressional Republicans ended withour a conclusion on Tuesday. House Speaker Kevin McCarthy said, “We’re not there yet” on a deal to prevent the US government fromRead More →
US stocks ended mixed on Monday ahead of debt ceiling negotiations. Talks between White House and Republican leaders were expected to resume Monday night. The S&P 500 gained less than 0.1% at 4,192.63. The Dow Jones Industrial Average fell 140.05 points, or 0.4%, at 33,286.58. The Nasdaq composite rose 62.88,Read More →
US stocks advanced on Thursday on Walmart’s strong earnings and optimism over debt ceiling deal. The S&P 500 gained 39.07 points, or 0.94%, at 4,197.84. The Dow Jones Industrial Average rose 117.25 points, or 0.35%, at 33,538.02. The Nasdaq Composite surged 188.60 points, or 1.51%, at 12,689.44. Walmart reported better-than-expectedRead More →
