On Wall Street in the week ahead, spotlight will be on the jobs data for May, among other economic reports. The jobs data holds significance as it will be the last economic report before the Federal Reserve’s upcoming monetary policy meet on June 11-12. Investors are hoping for a interest […]
S&P 500
The S&P 500 was down 0.4% in afternoon trading, even though the majority of stocks within the index were rising, and remains on track for its first losing week in the last six. The drop for tech stocks dragged the Nasdaq composite down a market-leading 1.1%, as of 2:33 p.m. […]
US stocks slid on Thursday after the revised data showed the US economy grew less than previously expected in the first quarter. US gross domestic product (GDP) growth for the first quarter was lowered to 1.3 per cent from previous estimate of 1.6 per cent. At 12:04 p.m. the Dow […]
US stock indices edged lower on Wednesday, as concerns around the timing and scale of the Federal Reserve’s interest rate cuts pushed Treasury yields higher. Treasury yields rose to near four-week highs after unexpectedly strong consumer confidence data. The 10-year yield rose to 4.58 per cent from 4.54 per cent […]
US stock indices were mixed on Tuesday as investors are awaiting the US Federal Reserve’s preferred inflation data later in the week. The US core Personal Consumption Expenditures (PCE) price index report for April is due on Friday. At 10:14 a.m. ET, the Dow Jones Industrial Average was down 135.40 […]
In the holiday-shortened week ahead on Wall Street, focus of investors will be on the US Federal Reserve’s preferred inflation gauge – the core personal consumption expenditure (PCE) price index, and few major earnings that include Dell, Best Buy, and Costco. The core PCE data has the potential to influence […]
US stocks edged higher on Thursday, driven by strong gains in chip stocks after Nvidia’s upbeat earnings. Nvidia shares rallied 9% on Thursday as its bumper revenue forecast boosred investor confidence in the AI-driven boom in chip demand. ALSO READ: Nvidia profits soar over 600%, revenues above 200% as shares top […]
US stocks were muted on Wednesday ahead of chip giant Nvidia’s quarterly results and the US Federal Reserve’s policy meeting minutes. Nvidia, based in Santa Clara, California, will release its first quarter earnings after the market close on Wednesday. Nvidia’s stock is the third largest on Wall Street, following its […]
US stocks were mixed on Tuesday on Federal Reserve’s monetary policy caution. Investors are awaiting the Fed minutes of last monetary policy and Nvidia’s fiscal first quarter results. Both the events are due on Wednesday. At 9:51 a.m. ET, the Dow Jones Industrial Average was up 28.67 points, or 0.07 […]
US stocks were mixed on Monday, as investors awaited quarterly results from Nvidia and the Federal Reserve’s policy meeting minutes due on Wednesday. At the opening bell, the Dow Jones Industrial Average fell 13.83 points, or 0.03%, to 39,989.76. The S&P 500 was higher by 2.08 points, or 0.04%, at […]