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Source: Live Mint Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill. As of 10:10 AM Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite fell 0.2%. At the opening bell,…
Source: Live Mint US stock indices declined on Tuesday as investors focused on the fate of President Donald Trump’s giant tax cut proposal. The legislation is expected to face a close vote later this week. “We have a tremendously unified party,” Trump told reporters as he arrived at Capitol Hill on Tuesday to encourage Republicans…
Source: Live Mint Wall Street stocks slipped and US Treasury yields jumped on Monday after ratings agency Moody’s cut the United States’ credit rating. Moody’s late on Friday slashed the United States’ sovereign credit rating to “Aa1” from “Aaa”, citing rising levels of government debt and interest payment ratios “to levels that are significantly higher…
Source: Live Mint Wall Street markets in the week ahead will be guided by plenty of earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and Workday. On the economic data front, investors will witness new and existing home sales numbers, S&P flash US services and manufacturing PMIs for May. US Federal Reserve…
Source: Live Mint US stocks declined on Thursday following mixed economic data and as UnitedHealth Group slumped on a report of a US criminal inquiry against it. Data showed US retail sales were near-flat in April, while wholesale inflation Producer Price Index (PPI) unexpectedly dropped last month. The PPI dropped 0.5% in April as the…
Source: Live Mint Wall Street’s key indices opened higher on Wednesday as Donald Trump’s Gulf tour stoked hopes of more trade deals. At the opening bell, the Dow Jones Industrial Average rose 9.7 points, or 0.02%, to 42150.09. The S&P 500 rose 10.2 points, or 0.17%, to 5896.74, while the Nasdaq Composite rose 64.6 points,…
Source: Live Mint US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 11:47 AM EDT, the Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.93%, and the Nasdaq Composite rose 1.65%. At 10:48…
Source: Live Mint Wall Street key stock indices opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs. China and the United States announced a 90-day truce in their trade war, agreeing to cut most of their tariffs. At the opening bell, the Dow Jones Industrial Average rose…
Source: Live Mint Wall Street investors in the week ahead will have a plenty of economic data to analyse such as consumer price inflation, retail sales, and Producer Price Index. Besides economic data, the spotlight will also be on the outcome of trade talks between the United States and China, a speech by Federal Reserve…
Source: Live Mint Wall Street’s key stock indices opened higher on Thursday on hopes of a trade agreement between the United States and the United Kingdom. US President Donald Trump said he was set to announce a trade deal with the UK. At the opening bell, the Dow Jones Industrial Average rose 198.6 points, or…
