Stock market investors on Wall Street in the week ahead will be focusing on the US economic data including retail sales report and the industrial production data, and quarterly earnings reports from major companies such as Netflix, Goldman Sachs, Morgan Stanley, Bank of America, and Abbott Laboratories. The investors willRead More →
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and theRead More →
US stocks opened flat on Thursday in thin trading ahead of Easter break. At the opening bell, the Dow Jones Industrial Average rose 3.66 points, or 0.01%, to 39,763.74. The S&P 500 opened lower by 0.46 points, or 0.01%, at 5,248.03, while the Nasdaq Composite dropped 22.29 points, or 0.14%,Read More →
Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumerRead More →
US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week. Fed policymakers are widely expected to keep interest rate unchanged as inflation data released last week showed that the consumer prices in the US rose in February. At 9:34 a.m. ET,Read More →
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 →
Sensex and the Nifty 50 finished Thursday’s trading on a flat note despite setting new highs. In intraday trade, the Sensex and Nifty 50 touched new record highs of 74,245.17 and 22,525.65 amid the bumpy ride. However, it ended the truncated week on a positive note. Market analysts attribute theRead More →
Oil prices climbed about two per cent on Wednesday, March 6, on a smaller-than-expected build in US crude inventories, a big withdrawal from distillate and gasoline stockpiles and remarks by the US Federal Reserve chair Jerome Powell that he still expects US interest rate cuts this year. Lower interest ratesRead More →
