-
May 05, 2022 11:02 PM IST The US central bank on Wednesday raised interest rates by half a percentage point but Fed Chair Jerome Powell explicitly ruled out a hike of 75 basis points in a coming meeting. Traders, however, on Thursday raised their bets on a 75 basis point hike at the Fed's June meeting.
-
March 21, 2022 08:42 PM IST The Dow Jones Industrial Average fell 197.09 points, or 0.57%, to 34,557.84, the S&P 500 lost 17.31 points, or 0.39%, to 4,445.81 and the Nasdaq Composite dropped 160.70 points, or 1.16%, to 13,733.14.
- November 10, 2021 10:01 PM IST
The US consumer price index rose 0.9% in October after gaining 0.4% in September, accelerating 6.2% in the 12 months through October, the largest year-on-year advance since November 1990.
- November 04, 2021 08:44 PM IST
Technology stocks led the gains as investors continued their focus on the latest round of corporate earnings.
- November 03, 2021 08:02 PM IST
Major indices have closed at records the last three sessions, but were under pressure ahead of an expected Fed announcement later Wednesday to trim back stimulus bond purchases.
- November 02, 2021 07:31 PM IST
The yield on the 10-year Treasury note fell to 1.55%. Pfizer was up 1.3% after delivering a strong profit report.
- November 01, 2021 09:10 PM IST
The yen neared a four-year low against the dollar with Japan seemingly not on course to tighten monetary policy in the short term, in contrast to the Federal Reserve which this week could announce plans to begin tapering its pandemic-fuelled stimulus support.
- October 29, 2021 08:22 PM IST
The benchmark S&P 500 had more gainers than losers, but big technology stocks were falling and weighing down the broader market. A mix of companies that rely on direct consumer spending also fell and offset gains elsewhere.
- October 27, 2021 07:47 PM IST
A strong corporate earnings season has provided some much-needed support to investors in recent weeks as companies showed resilience in the face of supply snarls, surging commodity and wage costs, as well as spiking Covid-19 cases.
- October 26, 2021 07:50 PM IST
The S&P 500 and Dow both powered to new intra-day highs as the opening bell rang after closing at record levels on Monday.
- October 25, 2021 07:44 PM IST
Investors have been pleased with most of the reports so far, which have confirmed worries about higher costs, but also offered encouraging commentary about strong consumer demand that is enabling many companies to pass on price increases.
- October 20, 2021 07:25 PM IST
Abbott Laboratories, Biogen and Anthem rose after reporting quarterly results that beat analysts’ expectations.
- October 19, 2021 07:27 PM IST
Health care companies were making some of the biggest gains in the early going.
- October 18, 2021 07:33 PM IST
Technology and health care companies were leading the way lower, while energy companies bucked the downward trend and moved higher.
- October 14, 2021 07:26 PM IST
The S&P 500 added 0.9% early Thursday, putting the benchmark index into the green for the week.
- October 13, 2021 07:36 PM IST
Delta Air Lines fell 3.4% despite reporting higher earnings as the airline warned that higher fuel and labor costs could affect its profitability going forward.
- October 12, 2021 07:21 PM IST
Technology stocks were doing better than the rest of the market, and that helped send the Nasdaq up 0.3%.
- October 11, 2021 07:22 PM IST
This week's calendar includes an update on US consumer prices, as well as earnings reports from JPMorgan Chase and other leading banks.
- October 07, 2021 08:45 PM IST
The market snapped out of a days-long bout of volatility late Wednesday after Senate GOP leader Mitch McConnell made an offer that would allow an emergency extension of the debt ceiling into December.
- October 07, 2021 07:50 PM IST
The dollar was mixed against its main rivals ahead of key US jobs data due Friday.
- October 06, 2021 07:29 PM IST
International markets also sold off, with exchanges in Japan, South Korea, Germany and France all dropping more than 1%.
- October 05, 2021 07:42 PM IST
Among individual companies, PepsiCo climbed 0.6 percent as it lifted its full-year forecast following better-than-expected profits.
- October 04, 2021 09:54 PM IST
Investors are preparing for the latest round of corporate earnings, which will ramp up in the next several weeks.
- October 01, 2021 07:43 PM IST
The Commerce Department's personal consumption expenditures price index was up 4.3 percent from August 2020 as the world's largest economy struggles with supply chain delays and shortages amid its bounceback from the pandemic's business closures.
- September 30, 2021 07:54 PM IST
The Senate was expected to approve later Thursday a stopgap measure to fund the government and avert a shutdown. However Washington remains mired in partisan conflict over President Joe Biden's wider legislative agenda.
