Tesla Inc. stock rallied 10% on Tuesday after the EV maker reported a milder drop in sales for April through June. At 10:36 am EDT, Tesla stock was at $230.86, higher by $21.00 or 10.01%. The electric vehicle maker’s global sales dropped for the second straight quarter despite price cuts […]
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US stocks were mixed on Monday after a report showed manufacturing weakened last month. The S&P 500 was steady in midday trading. The Dow Jones Industrial Average rose 0.1 per cent and the Nasdaq composite was 0.3 per cent higher. This week the investors’ main focus is on jobs data […]
Oil prices rose on Monday, fuelled by increasing summer demand optimism and the supply cuts by the Organisation of the Petroleum Exporting Countries (OPEC). The rising gains in the oil market were controlled by other producers, indicating volatility, reported Reuters. On Monday, Brent crude futures rose 0.81 per cent or […]
Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data. Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market participants. […]
Nvidia Corp stock rebounded on Tuesday, lifting other AI-linked shares and tech-heavy Nasdaq higher. At 11:16am EDT, Nvidia Corp stock was at $124.03, up $5.92or5.01per cent. It is on track to break a three-day losing streak. US-listed Taiwan Semiconductor Manufacturing , Broadcom and Qualcomm gained between 0.5 per cent and […]
Nvidia Corp. stock continued its decline for the third straight session on Monday dragging on the Nasdaq. At 11:02 am EDT, the Nvidia stock was at $120.08, down $6.49 or 5.13 per cent. On Friday, the stock had ended at $126.57. The chip maker’s stock is falling mainly on profit […]
Wall Street investors in the week ahead will be eyeing the US Federal Reserve preferred inflation gauge – PCE, and the personal income and spending data. Among the other crucial data, the second revised estimate of first quarter GDP (gross domestic product) growth and May home sales numbers are due […]
On Wall Street in the week ahead, the stock markets would be guided by key economic data such as US retail sales and factory output among others. The holiday-shortened week will also see few big earnings such as IT and consulting services firm Accenture and supermarket chain Kroger. Economic events […]
US stocks declined on Tuesday as investors await crucial inflation data and the Federal Reserve’s policy decision. The consumer price index (CPI) report for May and the conclusion of the Fed’s two-day policy meeting will be announced on Wednesday. As of 10:01 a.m. Eastern, the Dow Jones Industrial Average fell […]
The spotlight on Wall Street in the week ahead will be on the US Federal Reserve’s June monetary policy decisions along with consumer inflation data and economic projections. The US central bank is widely expected to hold interest rates steady. Stronger-than-expected jobs data for May released on Friday has fuelled […]