In the week ahead on Wall Street, stock market investors will closely watch the key economic reports that include factory orders data, initial jobless claims, and consumer credit data. On Monday, the US stock market will remain closed for a public holiday on account of Labor Day. During the week,Read More →
US stocks ended mixed on Thursday after inflation and weekly jobless data. Investors are keenly awaiting employment data due on Friday for clues on the Fed’s monetary policy outlook. The S&P 500 lost 7.21 points, or 0.16%, at 4,507.66. The Dow Jones Industrial Average fell 168.33 points, or 0.48%, at 34,721.91. TheRead More →
US stocks rose on Wednesday after latest GDP data hinted at pause in interest rate hike. The S&P 500 rose 0.38% at 4,514.87 points. The Nasdaq gained 0.54% at 14,019.31 points. The Dow Jones Industrial Average added 0.11% at 34,890.24 points. Data on gross domestic product (GDP) showed that the US economy expandedRead More →
The latest jobs report has raised investors’ hopes of a pause in interest rate hikes by the US Federal Reserve. The S&P 500 gained 64.39 points, or 1.45%, at 4,497.70 points. The Nasdaq Composite rose 239.36 points, or 1.74%, at 13,943.37. The Dow Jones Industrial Average surged 294.97 points, orRead More →
US stocks surged on Monday ahead of economic data. The S&P 500 rose 27.60 points, or 0.6%, at 4,433.31. The Dow Jones Industrial Average gained 213.08 points, or 0.6% at 34,559.98.The Nasdaq composite added 114.48 points, or 0.8%, at 13,705.13. The US government will release its July report on jobRead More →
On Wall Street in the week ahead, focus of investors will be on key economic data reports which include jobs data for August, data on consumer confidence for August, pending home sales for July, and ISM manufacturing data for August. The US non-farm payrolls report for August will be releasedRead More →
U.S. stock investors are bracing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting and worries over a possible government shutdown during a month of historically muted equity performance. In Septembers since 1945, the S&P 500 has declined an average of 0.7%,Read More →
US stocks slumped more than 1% on Thursday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, on Friday. The S&P 500 lost 59.7 points, or 1.35%, at 4,376.31. The Dow Jones Industrial Average fell 373.56 points, or 1.08%, at 34,099.42. The Nasdaq Composite dropped 257.06 points,Read More →
US stocks climbed on Wednesday, led by tech shares after Nvidia shares jumped on hopes of stronger quarterly results. The S&P 500 gained 48.84 points, or 1.11%, at 4,436.39 points. The Nasdaq Composite rose 215.16 points, or 1.59%, at 13,721.03. The Dow Jones Industrial Average added 188.50 points, or 0.55%, atRead More →
US stocks slipped on Tuesday on worries over interest rate hike by the Federal Reserve. The S&P 500 lost 11.06 points, or 0.25%, at 4,388.71. The Dow Jones Industrial Average fell 170.34 points, or 0.49%, at 34,293.35. The Nasdaq Composite added 13.79 points, or 0.1%, at 13,511.38. Banking index edgedRead More →
