US stocks slid on Wednesday ahead of inflation data that could provide clues to investors on Federal Reserve’s monetary policy path. The S&P 500 fell 31.47 points, or 0.70%, at 4,467.91 points. The Dow Jones Industrial Average dropped 186.92 points, or 0.53%, at 35,127.57. The Nasdaq Composite lost 162.31 points,Read More →
US stocks slipped on Tuesday on worries about the banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders. The S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49. The Nasdaq composite shed 110.07, or 0.8%,Read More →
US stocks gained on Monday, as investors awaited inflation data due on Thursday. The inflation data could provide clues to investors on the US Federal Reserve’s monetary policy path. The S&P 500 rose 40.28 points, or 0.90%, at 4,518.31. The Nasdaq Composite added 84.73 points, or 0.61%, at 13,993.97. TheRead More →
In the week ahead on the Wall Street, focus of investors will be on the inflation data for July and few major earnings. The Consumer Price Index (CPI) report for July is slated to be released on 10 August and the Producer Price Index (PPI) report on 11 August. Next week,Read More →
MUMBAI : Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green. However, the markets ended lower for the second consecutive week. Foreign portfolio investors (FPIs) capitalized on the bounce, selling shares worth a provisional ₹556.32 crore, while domestic institutional investors (DIIs) bought sharesRead More →
September is traditionally the weakest month for U.S. stocks. This year, investors say the turning of the calendar should be especially worrying. Stocks have risen sharply after last year’s selloff, defying any number of risks along the way. The S&P 500 is up 17% so far this year, including aRead More →
US stocks fell marginally on Thursday on surge in treasury yields after the release of latest economic data. The S&P 500 fell 12.37 points, or 0.27%, at 4,501.02 points. The Nasdaq Composite lost 13.73 points, or 0.11%, at 13,957.99. The Dow Jones Industrial Average shed 75.07 points, or 0.21%, atRead More →
MUMBAI : Benchmark indices closed in the red for the third straight session on selling by foreign portfolio investors (FPIs), despite global brokerage Morgan Stanley upgrading India’s sovereign rating to overweight, citing economic resilience. However, domestic funds’ buying in the last 45 minutes of trading contained the losses by theRead More →
US stocks slumped on Wednesday, after Fitch Ratings cut the credit rating of the US government. Rating agency Fitch on Tuesday downgraded US debt rating to AA from AAA. It said that expected fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations threaten the US government’sRead More →
On the Wall Street on Tuesday, the S&P 500 and the Nasdaq edged lower following a mixed set of earnings reports. The S&P 500 dropped 12.25 points, or 0.26%, at 4,576.94 points. The Nasdaq Composite lost 62.11 points, or 0.43%, at 14,284.20. The Dow Jones Industrial Average gained 69.04 points,Read More →
