The Indian rupee opened marginally higher against the US dollar on Tuesday amid a recovery in other Asian currencies. The local currency opened at 83.08 a dollar as compared to previous close of 83.11. The US dollar index, which measures the currency against six developed-market counterparts, including the yen andRead 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 →
The Nifty Midcap 100 topped the 38,100-mark on Monday, August 21, after a rebound in the global market after a significant correction prompted buying in domestic equities, particularly within the IT sector. Domestic benchmark indices Sensex and Nifty50 closed with decent gains on Monday, snapping their two-day losing run, onRead More →
The Indian rupee opened 5 paise higher against the US dollar on Monday, despite losses in Asian peers amid persisting worries over rising US yields. The local currency opened at 83.05 a dollar as compared to its Friday’s close of 83.10. The 10-year US yield rose on growing expectations thatRead 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 →
US stocks slipped on Wednesday after the Federal Reserve’s minutes showed that FOMC members were divided over the rate hike in July. The S&P 500 fell 33.62 points, or 0.76%, at 4,404.24 points. The Dow Jones Industrial Average shed 179.86 points, or 0.51%, at 34,766.53. The Nasdaq Composite lost 156.59Read More →
US stocks gained on Monday ahead of retail sales data due on Tuesday. The S&P 500 gained 25.67, or 0.6%, to 4,489.72. The Dow Jones Industrial Average edged higher 26.23 points, or 0.1%, to 35,307.63. The Nasdaq composite rose 143.48, or 1.1%, to 13,788.33. On Tuesday, the US government willRead More →
In the week ahead on the Wall Street, the focus of investors will be on the FOMC minutes and the retail sector. The US Federal Reserve will release FOMC minutes from its July meeting on 16 August. Investors will try to get clues from the minutes on the monetary policyRead More →
US stocks ended flat on Thursday following the July inflation data. The S&P 500 added 1.34 points, or 0.03%, at 4,469.05 points. The Nasdaq Composite gained 16.39 points, or 0.12%, at 13,739.06. The Dow Jones Industrial Average edged up 50.28 points, or 0.15%, at 35,173.64. The headline and core consumerRead More →
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 →
