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 →
Wall Street stocks retreated Wednesday after the Federal Reserve kept interest rates unchanged, but signaled it expects additional increases in 2023. The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 per cent and 5.25 per cent. However, forecasts from the policymakers indicated strong supportRead 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 →
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 →
US stocks fell on Monday as investors weighed whether the US central bank might pause rate hikes after growth slowed in the services sector. The S&P 500 fell 8.58 points, or 0.2%, at 4,273.79. The Dow Jones Industrial Average lost 199.90 points, or 0.6%, at 33,562.86. The Nasdaq composite declinedRead More →
US stocks rose on Thursday on hopes that the Federal Reserve may pause interest rate hikes and on approval to debt deal. The S&P 500 gained 41.26 points, or 0.99%, at 4,221.09. The Dow Jones Industrial Average rose 154.09 points, or 0.47%, at 33,062.36. The Nasdaq Composite added 165.70 points,Read More →
