The FinTech Hub
Source: Live Mint International crude oil prices reversed their gains picked after the US Federal Reserve’s supersized interest rate cut and dropped over three per cent on Thursday, September 26, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output. Brent crude…
Source: Live Mint US stocks edged higher on Thursday as Micron’s upbeat forecast revived the frenzy around artificial intelligence. At the opening bell, the Dow Jones Industrial Average rose 198.7 points, or 0.47%, to 42,113.42. The S&P 500 rose 40.0 points, or 0.70%, to 5,762.22, while the Nasdaq Composite rose 245.1 points, or 1.36%, to…
Source: Live Mint US stock indices were subdued on Wednesday, as investors were awaiting further data on the state of the economy. The next big economic data due this week will be on personal income and personal spending for August, and PCE (Personal Consumption Expenditures) index for August. As of 9:35 a.m. Eastern time, the…
Source: Live Mint US stock indices edged higher on Tuesday, with commodity shares gaining after China unveiled a bumper stimulus package. China’s central bank on Tuesday announced a broad set of changes to bolster its economy, including a cut in slew of rates. As of 9:35 a.m. Eastern time, the S&P 500 was 0.1 per…
Source: Live Mint US stocks rose on Monday as investors focused on comments from Federal Reserve policymakers and economic data due this week. Fed presidents Raphael Bostic, Neel Kashkari and Austan Goolsbee supported the last week’s rate cut and voiced support for more cuts in the rest of 2024. At 11:44 a.m. the Dow Jones…
Source: Live Mint Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank…
Source: Live Mint US stocks jumped on Thursday after the Federal Reserve kicked off its easing cycle with half-a-percentage point cut in interest rates. On Wednesday, the Federal Reserve slashed its interest rates by 50 basis points (bps), first time in more than four years. Chair Jerome Powell said that as the inflation has come…
Source: Live Mint US stock indices rose slightly on Wednesday, as investors widely expect the Federal Reserve to deliver its first interest rate cut in more than four years. At the opening bell, the Dow Jones Industrial Average rose 22.7 points, or 0.05%, to 41,628.91. The S&P 500 rose 7.1 points, or 0.13%, to 5,641.68,…
Source: Live Mint US stock indices gained on Tuesday after retail sales data as investors are focused on the Federal Reserve’s policy decision to be declared on Wednesday. At the opening bell, the Dow Jones Industrial Average rose 101.7 points, or 0.24%, to 41,723.78. The S&P 500 rose 22.4 points, or 0.40%, to 5,655.51, while…
Source: Live Mint The S&P 500 and the Nasdaq edged lower while Dow Jones rose on Monday, ahead of the Federal Reserve’s monetary policy decision later this week. Investors cautiously awaited the Federal Reserve’s first interest rate cut since 2020 on Wednesday. At 09:50 a.m. the Dow Jones Industrial Average rose 260.54 points, or 0.63…
