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 Markets
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 […]
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 […]
Micron Technology shares climbed 4 per cent in morning session on Monday after Morgan Stanley upgraded the memory chipmaker to “equal-weight” from “underweight”. At 12:37 p.m. ED, Micron Technology stock was trading higher 3.25 per cent, or $4.07, at $129.36. Morgan Stanley also raised the price target for Micron shares […]
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 […]
US stocks were mixed on Thursday, a day after inflation-driven momentum cooled off. On Wednesday, the Dow Jones, S&P 500 and Nasdaq rose to record highs after data showed consumer prices eased in April in the US. At 09:54 a.m. ET, the Dow Jones Industrial Average rose 0.76 points to […]
US stocks surged on Wednesday, after consumer inflation eased slightly last month. The annual Consumer Price Index (CPI) came in at 3.4 per cent in April, down 0.1 percentage point from March, the Labor Department said in a statement. The April inflation data has bolstered hopes of interest rate cuts […]
US stock indices edged higher on Tuesday after stronger-than-expected producer prices inflation and ahead of Federal Reserve Chair Jerome Powell’s speech later in the day. A report showed that US producer prices (Producer Price Index) rose more than expected in April amid strong gains in the costs of services and […]