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 →
Gold rate today: Amid US dollar hitting three-week low and Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting scheduled to begin from tomorrow, gold future contract for October 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,550 per 10 gm and continue to remained sideway aroundRead 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 →
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 →
The Indian rupee opened paise lower against the US dollar on Thursday amid broader strength in the greenback against peers. The local currency opened at 82.72 a dollar against the previous close of 82.58. The safe haven dollar rose against its major peers and longer maturity US yields inched upRead 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 →
US shares edged higher on Monday on strong earnings reports. The S&P 500 rose 6.73 points, or 0.1%, at 4,588.96. The Dow Jones Industrial Average climbed 100.24, or 0.3%, at 35,559.53. The Nasdaq composite added 29.37, or 0.2%, at 13,346.02. Shares of financial services provider SoFi Technologies rallied 19.9% after reportingRead More →
Gold prices continue to remain volatile after 25 bps US Fed rate hike and better than expected US GDP data and US jobless claim data. Gold future contract for August expiry on Multi Commodity Exchange (MCX) ended ₹440 per 10 gm higher on Friday and finished at ₹59,390 levels. InRead More →
