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Source: Live Mint A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December. Wall Street traders also refrained from making riskier bets amid intense volatility…
Source: Live Mint Wall Street stocks were muted on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the last session. At the opening bell, the Dow Jones Industrial Average fell 12.4 points, or 0.03%, to 44769.58. The S&P 500 fell 4.2 points, or 0.07%, to 6042.97, while the Nasdaq Composite…
Source: Live Mint US stock indices were mixed on Monday amid signs of strong Black Friday sales and after a report showed the US manufacturing sector is doing slightly better than feared. According to the Institute for Supply Management, manufacturing contracted again in November, but not by as much as expected, The week ahead is…
Source: Live Mint US stock indices were mixed on Wednesday as investors assessed Personal Consumption Expenditure (PCE) inflation report. At 10:03 a.m. the Dow Jones Industrial Average rose 47.83 points, or 0.11 per cent, to 44,908.14, the S&P 500 lost 8.68 points, or 0.14 per cent, to 6,012.95 and the Nasdaq Composite lost 87.31 points,…
Source: Live Mint US stocks showed a mixed performance on Tuesday as attention turned to President-elect Donald Trump’s proposed trade tariffs on Mexico and Canada. At 9:42 am ET, the Dow Jones Industrial Average dropped 197.32 points (0.44 per cent) to 44,539.25. Meanwhile, the S&P 500 rose 11.76 points (0.20 per cent) to 5,999.13, and…
Source: Live Mint US stocks advanced on Monday after Scott Bessent was nominated as Treasury Secretary in the incoming Donald Trump administration. At 09:50 a.m. the Dow Jones Industrial Average rose 459.25 points, or 1.03 per cent, to 44,753.77, the S&P 500 gained 43.12 points, or 0.72 per cent, to 6,012.50 and the Nasdaq Composite…
Source: Live Mint Market participants on Wall Street in the holiday-shortened week ahead will have a lot of significant economic data to watch for. Among the economic reports, the week will see third quarter gross domestic product (GDP) numbers, the personal income and Personal Consumption Expenditures price index data, the Fed’s preferred inflation gauge, for…
Source: Live Mint The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors (FPIs), and escalating geopolitical tensions continued to weigh heavily on the local currency. The US Dollar index, which tracks the dollar’s performance…
Source: Live Mint US stocks were subdued on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia’s quarterly results. At the opening bell, the Dow Jones Industrial Average rose 27.1 points, or 0.06 per cent, to 43,296.05. The S&P 500 fell 2.6 points, or 0.04 per cent, to…
Source: Live Mint US stock indices slipped on Tuesday, as investors rush to safe-haven assets on escalating tensions between Russia and Ukraine. At the opening bell, the Dow Jones Industrial Average fell 146.3 points, or 0.34%, to 43,243.27. The S&P 500 fell 23.6 points, or 0.40%, to 5,870.05, while the Nasdaq Composite dropped 92.1 points,…
