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Source: Live Mint US stocks were drifting on Thursday after mixed earnings reports and economic data. Economic reports released on Thursday were mixed, with one report showing retail sales rising 0.4 per cent in December, while another showed that the jobless claims rose more than expected last week. At 9:54 am ET, the Dow Jones…
Source: Live Mint As the world prepares for Donald Trump’s second term as US President, there are growing apprehensions that his policies on trade, immigration, and climate change could profoundly impact the global economic landscape. Donald Trump is set to take office on Monday, January 20. The United States, as the world’s largest economy and…
Source: Live Mint US stocks climbed on Wednesday after inflation data boosted investors’ hopes for interest rate cut by the Federal Reserve this year. Investors also cheered a strong set of quarterly results from the biggest US banks. At the opening bell, the Dow Jones Industrial Average rose 409.5 points, or 0.96%, to 42,927.76. The…
Source: Live Mint US stock indices gained on Tuesday after softer-than-expected producer inflation data. The Producer Price Index (PPI) rose 3.3 per cent on an annual basis in December 2024. On a monthly basis, the index rose 0.2 per cent, showed a Labor Department report. At 09:50 a.m. ET, the Dow Jones Industrial Average rose…
Source: Live Mint Moderna slides after cutting 2025 sales forecast Chip stocks fall as US tightens grip on AI chip flows Health insurers rise after US proposes 2026 payment rates (Updates to U.S. market close) NEW YORK, Jan 13 (Reuters) – The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month…
Source: Live Mint Wall Street stocks edged lower on Monday, as Treasury yields climbed after robust jobs data last week bolstered expectations of a hawkish stance by the Federal Reserve for this year. Artificial-intelligence companies and bitcoin-related stocks were leading the markets down. At 09:50 a.m. the Dow Jones Industrial Average rose 105.06 points, or…
Source: Live Mint What is going on? Central bankers across the rich world have cut rates—yet the real economy is seeing little or no relief. The borrowing costs facing businesses and households have barely budged. In the euro area the interest rate on new business loans has fallen by less than a percentage point. A…
Source: Live Mint The week ahead for Wall Street investors is going to be busy as they will witness crucial inflation data, with producer and consumer price reports slated to be declared. Among other economic data, market participants will also get retail sales and industrial production reports to monitor. The week will also see earnings…
Source: Live Mint Equities continued to dominate investors’ minds in 2024. This is despite an eventful year with high volatility due to multiple global events, including a new war, weaker-than-expected economic growth, disappointing earnings, and subsequent FPI outflows. Going forward, factors like corporate earnings slowdown, sticky inflation, geopolitical tensions, higher US bond yields, strong dollar…
Source: Live Mint US stock indices declined on Wednesday after softer-than-expected jobs data and a media report that said President-elect Donald Trump was mulling a national economic emergency declaration. An ADP National Employment report showed the US added 122,000 jobs in the private sector in December 2024. A separate Labor Department report showed jobless claims…
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