The FinTech Hub
Source: Live Mint By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world’s largest economy added more new jobs than expected last month, reflecting a labor market that remained on stable footing. Gains in the greenback came after rising…
Source: Live Mint Wall Street stock indices opened higher on Friday on stronger-than-expected jobs data. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02%, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97%, to 5,658.73 and the Nasdaq Composite gained 159.60 points, or 0.87%, to 17,864.97. Read Full Article
Source: Live Mint (Bloomberg) — US bond investors have been piling into bets that President Donald Trump’s tariffs will slow the world’s largest economy and force the Federal Reserve to lower interest rates. Ahead of Friday’s jobs report, money markets are pricing in almost four quarter-point rate cuts in 2025, one more than was anticipated…
Source: Live Mint (Bloomberg) — The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled to the lowest in nearly four months. Bank reserves fell by about $209 billion to $3 trillion in the week through April 30, according to Fed data released on Thursday….
Source: Live Mint US stock indices jumped on Thursday, lifted by shares of tech giants Meta Platforms and Microsoft after their strong first quarter results. At 11:38 AMEDT, the S&P 500 was up 1.42%, the Dow Jones Industrial Average was up 0.95%, the Nasdaq Composite was 2.40% higher. At the opening bell, the Dow Jones…
Source: Live Mint Wall Street stocks declined sharply on Wednesday after data showed the US economy contracted in the first quarter, deepening concerns about the economic impact from President Donald Trump’s tariff policies. As of 1:10 PM Eastern time, the S&P 500 was down 1.2%. The Dow Jones Industrial Average was down 0.8%, and the…
Source: Live Mint US stock indices were mixed on Tuesday as markets digested a trove of earnings reports amid the US-China trade war. At the opening bell, the Dow Jones Industrial Average rose 6.4 points, or 0.02%, to 40,233.98. The S&P 500 fell 19.9 points, or 0.36%, to 5,508.87, while the Nasdaq Composite dropped 95.4 points,…
Source: Live Mint US stock indices opened slightly higher on Monday, ahead of key economic data and earnings from some big tech companies. At the opening bell, the Dow Jones Industrial Average rose 58.2 points, or 0.15%, to 40,171.74. The S&P 500 rose 4.0 points, or 0.07%, to 5,529.22, while the Nasdaq Composite rose 8.0…
Source: Live Mint Wall Street investors in the week ahead will have plenty of economic data and quarter results from four of the seven magnificent companies. Amid uncertainty over tariffs battle between the United States and China, market participants will closely watch key economic data including GDP numbers for first quarter, consumer spending for March,…
Source: Live Mint Cautious optimism markets may stabilize after sharp volatility But trade deal hopes may not last long Perceived Fed’s flexibility on rate cuts helps push yields lower Yield curve ‘bull-flattens’ on cloudy economic outlook (Adds analyst comments, economic data, graphic; updates market levels) NEW YORK, April 25 (Reuters) – U.S. Treasury yields declined…
