In a significant uptrend, the total number of Demat accounts surged to 16.2 crore in June 2024, according to a report by Motilal Oswal Financial Services. As per the report, new additions spiked by 42 lakh in June, marking the highest account opening rate since February 2024. This indicates a […]
crude oil
Oil prices stabilized on Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) maintained its growth forecast for oil demand for this year and next, while U.S. crude and gasoline inventories likely decreased last week. At 1312 GMT, Brent futures rose by 1 cent, or 0.01%, to $84.67 a […]
Oil prices dipped on Monday after four weeks of gains, as concerns over supply disruptions eased amid hopes for a ceasefire deal in Gaza. However, the potential impact of Hurricane Beryl on supplies limited the decline. By 12:30 GMT, Brent crude futures had fallen 42 cents, or 0.5%, to $86.12 […]
US stocks on Monday edged higher ahead of consumer inflation and Federal Reserve Chair Jerome Powell’s testimony to the Congress this week. In the early trading, the S&P 500 was up 0.2%, the Nasdaq edged up 0.1%, and the Dow Jones Industrial Average was up 0.6%. Oil prices declined on […]
Wall Street in the week ahead will see some key economic reports that could influence the stock markets. Among the economic events, the major focus of investors will be on consumer inflation for June and Federal Reserve chair Jerome Powell’s testimony to the US Congress. The Consumer Price Index (CPI) […]
US stocks were mixed on Friday following a report on the job market that showed a slowdown in hiring. At 9:50 a.m. ET, the Dow Jones Industrial Average was down 33.29 points, or 0.08 per cent, at 39,274.71, the S&P 500 was up 0.80 points, or 0.01 per cent, at […]
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 […]
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. […]