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  • S&P, Nasdaq edge to record closes, energy stocks buoyant Sep 03, 2021 07:34 AM IST

    S&P, Nasdaq edge to record closes, energy stocks buoyant

    The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.

  • S&P hits new record amid rising concerns about pandemic Aug 17, 2021 08:39 AM IST

    S&P hits new record amid rising concerns about pandemic

    The S&P 500 index ended 0.3% higher after having been down as much as 0.7%. The Dow Jones Industrial Average also rose 0.3%, while the Nasdaq composite fell 0.2%.

  • In-Depth: Political climate heats up in Uttar Pradesh as clock ticks on 2022 Assembly polls Aug 13, 2021 10:02 PM IST

    In-Depth: Political climate heats up in Uttar Pradesh as clock ticks on 2022 Assembly polls

    The stage is set for an interesting ballot battle in UP where the incumbent Yogi Adityanath-led government will try to retain power, while the Opposition parties will make all possible efforts to rule the country’s biggest and politically crucial state.

  • Farmers will unitedly vote against BJP in next Uttar Pradesh polls: Akhilesh Yadav Aug 12, 2021 12:11 PM IST

    Farmers will unitedly vote against BJP in next Uttar Pradesh polls: Akhilesh Yadav

    Ahead of the 2022 Assembly elections in Uttar Pradesh, the BJP is going to launch a farmer outreach programme, "Kisan Samvad", from August 16 to 23.

  • Asian shares down, set for worst month since March 2020 Jul 30, 2021 08:18 AM IST

    Asian shares down, set for worst month since March 2020

    But the stock market losses were moderate compared with sharp falls earlier in the week that had been sparked by investor fears over the impact of regulatory actions in China against the education, property and tech sectors.

  • Wall Street roars to record peak on rosy earnings, dollar wilts Jul 30, 2021 08:06 AM IST

    Wall Street roars to record peak on rosy earnings, dollar wilts

    Following a spate of strong corporate earnings reports from Ford Motor Co to KFC owner Yum Brands Inc overnight, investors were further cheered by data showing the U.S. economy grew at a solid annualized pace of 6.5% in the second quarter.

  • Tesla lifts Wall Street to close at record highs Jul 13, 2021 07:15 AM IST

    Tesla lifts Wall Street to close at record highs

    Financials, communication services and real estate were among the leaders of the 11 S&P 500 sector indexes.

  • Wall Street ends lower as recovery momentum concerns spark sell-off Jul 09, 2021 07:42 AM IST

    Wall Street ends lower as recovery momentum concerns spark sell-off

    As the bond market rallied on a flight to safety, all three major U.S. stock indexes tumbled. The Dow’s economically sensitive transports plunged 3.3%, its biggest daily drop since October.

  • S&P 500 notches fifth straight record closing high, fifth straight quarterly gain Jul 01, 2021 07:42 AM IST

    S&P 500 notches fifth straight record closing high, fifth straight quarterly gain

    In the last session of 2021's first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.

  • Indian banks face systemic risk as the country sorts through the aftermath of the COVID second wave, says S&P Jun 30, 2021 03:44 PM IST

    Indian banks face systemic risk as the country sorts through the aftermath of the COVID second wave, says S&P

    The global rating agency said that the banking sector's weak loans will likely remain elevated at 11%-12% over the next 12 to 18 months, adding credit losses should remain high at 2.2% before recovering to 1.8% in FY23.

  • Global stocks finish at record highs, oil climbs for 5th week Jun 26, 2021 07:39 AM IST

    Global stocks finish at record highs, oil climbs for 5th week

    Weaker-than-expected inflation data and news that U.S. President Joe Biden has secured a bipartisan infrastructure agreement with lawmakers gave a boost to stocks. The plan is valued at $1.2 trillion over eight years, of which $579 billion is new spending.

  • Wall Street ekes out gains to close languid week Jun 12, 2021 08:12 AM IST

    Wall Street ekes out gains to close languid week

    The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high.

  • S&P 500 closes little changed as "meme stocks" extend rally Jun 09, 2021 07:52 AM IST

    S&P 500 closes little changed as "meme stocks" extend rally

    All three major U.S. stock indexes ended the range-bound session near flat or higher, with the S&P 500 and the Dow closing within about 0.5% of record highs.

  • S&P closes nominally lower as investors wait for a catalyst Jun 08, 2021 07:42 AM IST

    S&P closes nominally lower as investors wait for a catalyst

    The Dow closed well within negative territory, while the Nasdaq advanced. Still, the S&P and the Dow remained inside one percentage point of their record closing highs.

  • Will equal weight index funds change the face of passive investing? May 29, 2021 05:24 PM IST

    Will equal weight index funds change the face of passive investing?

    If you look at the weights of various sectors in the Sensex, you’ll find that the index is heavily concentrated around Banking and Finance and Information Technology. The Nifty follows a similar pattern.

  • S&P 500 gains 1% as tech shares rally, Treasury yields fall May 21, 2021 08:02 AM IST

    S&P 500 gains 1% as tech shares rally, Treasury yields fall

    The yield on benchmark 10-year Treasury notes fell 4.3 basis points to 1.640%.

  • Surging India virus cases may derail recovery but ratings outlook stable: S&P May 07, 2021 03:12 PM IST

    Surging India virus cases may derail recovery but ratings outlook stable: S&P

    The rating agency, however, said the second wave should not hit the economy as hard as the first wave did in the April-June quarter of the 2020/21.

  • S&P slashes India's GDP growth forecast to 9.8% for this fiscal May 05, 2021 01:36 PM IST

    S&P slashes India's GDP growth forecast to 9.8% for this fiscal

    The US-based rating agency in March had a 11 per cent GDP growth forecast for India for the April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.

  • Wall Street Week Ahead: Blow-out U.S. earnings suggest market has room to run May 01, 2021 03:15 PM IST

    Wall Street Week Ahead: Blow-out U.S. earnings suggest market has room to run

    While the risks of higher inflation and possibly higher taxes have given some investors reason to become more cautious on growth shares, earnings may make them think twice about avoiding the group.

  • Wall Street: S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data Apr 30, 2021 07:30 AM IST

    Wall Street: S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data

    Apple Inc gained 1.0% after posting sales and profits ahead of Wall Street estimates, led by much stronger-than-expected iPhone and Mac sales.

  • S&P 500, Nasdaq close at record highs ahead of tech earnings wave Apr 27, 2021 08:39 AM IST

    S&P 500, Nasdaq close at record highs ahead of tech earnings wave

    The Nasdaq's record high close confirmed the end of an 11% correction in the index that began after its previous record high close on Feb. 12, with the index closing at a low on March 8.

  • S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns Apr 22, 2021 03:11 PM IST

    S&P forecasts 11% growth for India this fiscal, flags 'substantial' impact of broader lockdowns

    In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.

  • Adani Ports removed from S&P index due to links with Myanmar military Apr 13, 2021 07:39 AM IST

    Adani Ports removed from S&P index due to links with Myanmar military

    India's largest private multi-port operator is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC).

  • S&P closes at record on tech boost as US Treasury yields retreat Apr 09, 2021 08:25 AM IST

    S&P closes at record on tech boost as US Treasury yields retreat

    Weekly initial jobless claims data showed a second straight rise, conflicting with the recent payrolls report, and buttressed the Federal Reserve’s dovish policy stance to keep interest rates lower for a substantial period.

  • West Bengal Election 2021: Jaya Bachchan to campaign for TMC’s Arup Biswas, Babul Supriyo's rival Apr 05, 2021 09:39 AM IST

    West Bengal Election 2021: Jaya Bachchan to campaign for TMC’s Arup Biswas, Babul Supriyo's rival

    Tollygunge MLA Aroop Biswas will take on singer-turned-politician Babul Supriyo on April 10 polls.

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