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 […]
Wall street
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 […]
Asia’s shares rose after a significant tech-driven surge in US benchmarks, and investors are waiting for important inflation data later on Wednesday to get a sense of what the Federal Reserve will do next. On Tuesday, May 14, amid mixed global cues, the Sensex and the Nifty 50 finished the day […]
GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge in meme stocks: […]
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 […]
Shares of biopharmaceutical company Incyte Corp climbed more than 8 per cent in morning session on Monday after saying it would buy back up to $2 billion of its stock. At 1:13 p.m. EDT, Incyte Corp shares were at $57.27, 7.93 per cent higher in New York. Shares Buyback Incyte […]
Wall Street: US stocks rose on Monday, following last week’s gains, with investors awaiting inflation data this week. The inflation data – Consumer Price Index (CPI) – is due on Wednesday. On the same day, the US retail sales data will also be released. Both, inflation and retail sales data have […]
Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail […]
US stock indices edged lower on Wednesday as Treasury yields rebounded on worries about the Federal Reserve’s monetary easing plans. At 09:38 a.m. ET, the Dow Jones Industrial Average fell 7.11 points, or 0.02 per cent, to 38,877.15, the S&P 500 lost 16.17 points, or 0.31 per cent, to 5,171.53 and […]
US stock indices advanced on Tuesday, buoyed by expectations that the Federal Reserve will ease monetary policy this year. At 09:46 a.m. ET, the Dow Jones Industrial Average rose 60.27 points, or 0.16 per cent, to 38,912.54, the S&P 500 gained 8.89 points, or 0.17 per cent, to 5,189.63 and […]