Investors in the InterGlobe Aviation Ltd stock have little to complain about. The shares have risen as much as 24% so far in 2023. In the past three quarters, the aviation company reported profits. InterGlobe runs the IndiGo airline, India’s largest by market share. Unfortunately, a slew of factors thatRead 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 →
Colgate Palmolive (India) Ltd’s shares have fallen by 2.4% in the past two days. The company, which is present in oral care category, held an analysts meet on Tuesday where it discussed its growth strategy. Though long-term prospects appear intact, the lack of exciting announcements may have caused some disappointmentRead 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 →
Bata India Ltd’s shares jumped by 5% on Thursday. The excitement seems to be on the back of CNBC-TV18 news report stating that Bata is in talks with Adidas India for a strategic partnership for the Indian market. The stock exchanges have sought clarification from Bata regarding this. At theRead More →
