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 →
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 →
Investors anticipate that US Treasuries will continue to be whipsawed by heightened volatility as economic uncertainty threatens to alter the central bank’s path or keep rates pinned higher for far longer than traders currently expect. Already, some Fed officials are underscoring that there may still be more work to doRead More →
The S&P 500 was up less than 0.1% after spending much of the day wavering between small gains and losses. The benchmark index is still on pace for its second losing week in a row. The Dow Jones Industrial Average was up 133 points, or 0.4%, at 35,308, as ofRead 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 →
Asian markets traded lower on Thursday as investors awaited the inflation data in the US due later today. Concerns over deflation in China dented sentiment. Data showed China’s consumer prices dropped 0.3% in July from a year ago, while producer prices fell 4.4%. On the domestic side, investors will focusRead 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 →
