French stocks led a rebound in European stocks on Wednesday, as the country’s political parties maneuvered to block the far-right from obtaining an absolute majority in Sunday’s vote. The CAC 40 Index rose 1.6% as of 1:09 p.m. in Paris, with heavyweights such as LVMH and BNP Paribas SA topping […]
Wall street
European stocks gained, boosted by a record-high close on Wall Street, after Federal Reserve Chair Jerome Powell said inflation was heading downwards. The CAC 40 Index outperformed at open, rising 0.7% as of 9:20 a.m. in Paris, as more than 200 candidates withdrew from France’s second election round in an […]
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 […]
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 […]
Futures for major U.S. indexes, which were each up a modest 0.1% before the report was released, shot up after the report was made public. Futures for the Dow Jones Industrial Average and the S&P 500 each climbed 0.7% less than an hour before markets opened. Treasury yields fell, with […]