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 →
US stocks declined on Tuesday on profit-booking and as investors await Federal Reserve chairman Jerome Powell’s congressional testimony. The S&P 500 lost 20.88 points, or 0.47%, at 4,388.71. The Dow Jones Industrial Average fell 245.25 points, or 0.72%, at 34,053.87. The Nasdaq Composite dropped 22.28 points, or 0.16%, at 13,667.29.Read More →
Global stock markets slipped on Monday as investors await more monetary policy decisions and on lack of economic stimulus in China. US stock markets were closed for a public holiday on Monday. Investors will be closely watching Federal Reserve chief Jerome Powell’s testimony to Congress this week. Central banks in Britain,Read More →
Next week, the spotlight will be on Federal Reserve chairman Jerome Powell’s testimony before the House Financial Services Committee and the Senate Banking Committee. He is widely expected to reiterate comments from his post-Fed meeting press conference. Powell will provide his semi-annual monetary-policy report to the House Financial Service CommitteeRead More →
US stocks jumped on Thursday on upbeat economic data. The S&P 500 climbed 53.67 points, or 1.23%, at 4,426.26 points. The Dow Jones Industrial Average rose 430.31 points, or 1.27%, at 34,415.46. The Nasdaq Composite gained 156.34 points, or 1.15%, at 13,782.82. A report showed that US retail sales unexpectedlyRead More →
US stocks advanced on Tuesday after modest rise in inflation in May. The S&P 500 gained 0.69% to end at 4,369.06. The Dow Jones Industrial Average rose 0.43% to 34,212.25 points. The Nasdaq gained 0.83% to 13,573.32 points. A US labor department report showed that the consumer price index (CPI) rose 0.1% in MayRead More →
US stocks rose on Thursday on hopes that the Federal Reserve will not hike interest rates next week. The S&P 500 gained 26.41 points, or 0.62%, at 4,293.93. The Dow Jones Industrial Average rose 168.59 points, or 0.5%, at 33,833.61. The Nasdaq Composite added 133.63 points, or 1.02%, at 13,238.52. InvestorsRead More →
On the Wall Street, US stocks closed mixed on Wednesday on profit-booking ahead of key economic data and Fed policy meet next week. The S&P 500 fell 16.33, or 0.4%, at 4,267.52. The Dow Jones Industrial Average gained 91.74, or 0.3%, at 33,665.02. The Nasdaq composite fell 171.52, or 1.3%,Read More →
FIIs ended their three-day losing streak with an inflow of nearly ₹386 crore ($52 million) in Indian equities, while DIIs turned net sellers after three consecutive days of buying. Investors will be focusing on RBI’s June 2023 monetary policy which is scheduled to be announced later this week. 07 JunRead More →
US stocks gained on Tuesday as investors awaited inflation data and the Federal Reserve’s monetary policy meet next week. The S&P 500 rose 10.06 points, or 0.2%, at 4,283.85. The Dow Jones Industrial Average edged up by 10.42, or less than 0.1%, at 33,573.28. The Nasdaq composite gained 46.99, orRead More →
