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Source: Live Mint Goldman Sachs is becoming more cautious about US credit and equity markets, becoming the latest Wall Street banking major to sound the alarm amid concerns of the escalating trade war battering the world’s largest economy. For equities, a team led by Goldman Sachs’s David Kostin cut their year-end S&P 500 target to…
Source: Live Mint US stocks extended losses on Tuesday after President Donald Trump threatened more tariffs on Canada. Trump said he would raise tariffs on steel and aluminum coming from Canada. As of 11 AM Eastern time, the S&P 500 was down 0.9%, the Dow Jones Industrial Average was down 1.3%, and the Nasdaq Composite…
Source: Live Mint US stock indices fell on Monday as President Donald Trump’s comments over the weekend stoked fears that a trade war could spark an economic recession. At 09:50 a.m. ET the Dow Jones Industrial Average fell 307.75 points, or 0.72%, to 42,492.47, the S&P 500 lost 74.89 points, or 1.30%, to 5,695.31, and…
Source: Live Mint On Wall Street in the week ahead, the spotlight will be on consumer price inflation data, slated to be released on Wednesday. Besides, investors will also get Producer Price Index data and consumer sentiment report to analyse. According to a Bloomberg report, Bureau of Labor Statistics’ data are projected to show that…
Source: Live Mint US equities were muted on Wednesday, after a jobs report fanned concerns of a slowing economy. At the opening bell, the Dow Jones Industrial Average fell 2.6 points, or 0.01%, to 42,518.37. The S&P 500 rose 3.2 points, or 0.06%, to 5,781.36, while the Nasdaq Composite rose 27.8 points, or 0.15%, to…
Source: Live Mint US stock indices opened higher on Monday, ahead of President Donald Trump’s latest deadline on tariffs on top trade partners. At the opening bell, the Dow Jones Industrial Average rose 59.6 points, or 0.14 per cent, to 43,900.49. The S&P 500 rose 13.8 points, or 0.23 per cent, to 5,968.33, while the…
Source: Live Mint Investors on Wall Street in the week ahead will have plenty of economic data to analyse, with the major focus on jobs report for February. Among other reports, monthly purchasing managers data from S&P Global and the Institute for Supply Management (ISM), and factory orders will be released. The earnings calendar will…
Source: Live Mint US stock indices were mixed on Friday after data showed a slight easing in the Federal Reserve’s preferred inflation. At the opening bell, the Dow Jones Industrial Average rose 20.3 points, or 0.05%, to 43,259.84. The S&P 500 fell 4.8 points, or 0.08%, to 5,856.74, while the Nasdaq Composite dropped 67.2 points,…
Source: Live Mint US equities pared early gains to decline on Monday, dragged down by technology companies ahead of Nvidia earnings and the PCE inflation data this week. As of 10:05 am Eastern time, the S&P 500 was down 0.4 per cent, the Dow Jones Industrial Average was down 0.1 per cent, and the Nasdaq…
Source: Live Mint On Wall Street in the week ahead, the spotlight will be on the two economic data – the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, and the second estimate for fourth quarter gross domestic product (GDP). Investors will also closely monitor reports on personal income and spending…
