US stock indices opened higher on Tuesday after Monday’s rout in global markets. At the opening bell, the Dow Jones Industrial Average rose 1.16 points to 38,704.43. The S&P 500 was higher by 17.73 points, or 0.34%, at 5,204.06, while the Nasdaq Composite was up 63.7 points, or 0.39%, to […]
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After a weak jobs report stoked fears of US economic recession last week, Wall Street investors will stay cautious and closely watch the upcoming economic data in the week ahead. A report on Friday showed hiring by US employers slowed in July by much more than economists had expected. Next […]
View Full Image Graphic: The Economist Look beneath the surface, at individual sectors and firms, and the mood is even wilder. The Philadelphia semiconductor index, which tracks companies in the chipmaking supply chain globally, has fallen by more than a fifth in a matter of weeks. Arm, one such firm, […]
US stocks rose on Thursday after the Federal Reserve signalled interest rate cut in September. At the opening bell, the Dow Jones Industrial Average rose 74.2 points, or 0.18%, to 40,916.96. The S&P 500 rose 15.5 points, or 0.28%, to 5,537.84, while the Nasdaq Composite rose 47.6 points, or 0.27%, […]
On Wall Street, the S&P 500 and the Nasdaq were sharply higher after chip stocks rallied following bullish forecast from AMD. At 9:54 a.m. ET, the Dow Jones Industrial Average was down 33.60 points, or 0.08 per cent, at 40,709.73, the S&P 500 was up 65.74 points, or 1.21 per […]
On Wall Street, the benchmark S&P 500 and the blue-chip Dow Jones gained on Tuesday, led by financial stocks amid anticipation of interest rate decision from the Federal Reserve. Investors are keenly awaiting Fed’s interest rate decision to be announced on Wednesday. At 10:10 a.m. ET, the Dow Jones Industrial […]
China, traditionally one of Asia’s biggest consumers of gold alongside India, appears to be turning its back on the yellow metal, according to Christopher Wood, Global Head of Equity Strategy at Jefferies. In his latest “Greed & Fear” report, Wood outlines the signs of weakening Chinese demand, reflecting a shift […]
US stocks edged higher on Monday, ahead of a Federal Reserve interest rate decision and Big Tech earnings. At the opening bell, the Dow Jones Industrial Average rose 76.37 points, or 0.19%, to 40,665.71. The S&P 500 was higher by 17.45 points, or 0.32%, at 5,476.55, while the Nasdaq Composite […]
Next week, the focus of Wall Street investors will be on the US Federal Reserve’s monetary policy decision and Chair Jerome Powell’s press conference. The central bank is widely expected to hold the interest rate steady. Among the earnings, the four companies from the ‘Magnificent 7’ — Microsoft, Meta Platforms, […]
Gold dropped more than 1 per cent on Thursday, reaching its lowest point in two weeks, as investors adjusted their positions to concentrate on upcoming U.S. economic data that might provide further clues on when the Federal Reserve could cut interest rates. By 1302 GMT, spot gold had decreased by […]