In the week ahead on Wall Street all eyes will be on the US Federal Reserve’s monetary policy meeting. After inflation data released last week showed that the consumer prices in the US rose in February, the Fed policymakers are widely expected to keep interest rate unchanged. The FOMC’s (FederalRead More →
US equities slid on Thursday after hotter-than-expected producer prices data. At 10:01 a.m. ET, the Dow Jones Industrial Average was down 168.41 points, or 0.43 per cent, at 38,874.91, the S&P 500 was down 26.56 points, or 0.51 per cent, at 5,138.75, and the Nasdaq Composite was down 96.03 points,Read More →
Stock market investors on Wall Street in the week ahead will keenly watch for inflation data among the other economic reports. The upcoming economic reports can provide investors clues on the US Federal Reserve’s rate cut plans later in the year. Last week, investors’ hopes were bolstered about interest rates cutRead More →
Before Market Opens: Indian markets are likely to open on a positive note on Thursday following a surge in Asian peers as Japan’s Nikkei hit a record high in early deals. Meanwhile, Wall Street also ended higher in overnight deals adding to the positive sentiment. Gift Nifty was trading 55Read More →
US stocks edged higher on Wednesday after Federal Reserve chair Jerome Powell in prepared remarks ahead of his congressional testimony said the central bank expects to cut interest rate later this year. At the opening bell, the Dow Jones Industrial Average rose 135.96 points, or 0.35 per cent, to 38,721.15.Read More →
Before Market Opens: Indian markets are likely to open on a flat note on Wednesday amid a lack of any major cues after Wall Street ended lower in overnight deals. Gift Nifty was trading 34 points lower, indicating a negative start for the benchmark Nifty. Let’s take a look atRead More →
US stocks opened lower on Tuesday ahead of a slew of economic data. At the opening bell, the Dow Jones Industrial Average fell 82.85 points, or 0.21%, to 38,906.98. The S&P 500 opened lower by 20.43 points, or 0.40%, at 5,110.52, while the Nasdaq Composite dropped 129.77 points, or 0.80%,Read More →
In the week ahead on Wall Street, US Federal Reserve chairman Jerome Powell’s congressional testimony and the US jobs report for February will be the major focus of the stock market investors. The two major events could offer clues to investors on the US central bank’s interest rate plans thisRead More →
US stock indices gained on Monday ahead of key inflation and economic data due this week. The personal consumption expenditures price index (PCE) for January due on Thursday could offer clues on potential interest rate cuts from the US Federal Reserve. At 09:35 a.m. ET, the Dow Jones Industrial AverageRead More →
Investors on Wall Street in the week ahead will have big earnings including Li Auto, Lowe’s, eBay, Domino’s Pizza, and Salesforce, and some key economic data to review. The economic data could further give clarity on how consumers are feeling and whether inflation is still easing. The big focus willRead More →
