Global markets update: US stocks rise on earnings  from banks, big companies

US stocks rose on Wednesday following earnings reports from a spate of banks and other big companies. The S&P 500 rose 10.74, or 0.2%, at 4,565.72. The Dow Jones Industrial Average gained 109.28 points, or 0.3%, at 35,061.21. The Nasdaq composite edged up by 4.38, or less than 0.1%, at 14,358.02.  The insurance providerRead More →

Wall Street week ahead: Investors to focus on earnings of megacaps, economic reports

On the Wall Street in the week ahead, investors will focus  on earnings reports of megacaps such as  Microsoft, Morgan Stanley, Bank of America, IBM, Tesla and Netflix. Investors will also watch for economic reports including the Empire Manufacturing data, the June retail sales report and home sales report. NextRead More →

Global markets update: US stocks gain after slowdown in inflation, Nasdaq rallies 1.16%

US stocks gained on Wednesday with Nasdaq rallying over 1% after data showed a slowdown in inflation. The inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon.  The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, orRead More →