Stock Market Today: Dow Notches 7-Day Losing Streak As Yields Jump Before Fed
US stocks were mixed on Friday as investors prepare for the Fed’s interest rate decision next week. Tech stocks, led by Broadcom, helped drive the Nasdaq higher despite rate pressures. Investors have a lot of economic data to digest next week, including US retail sales and revised 3rd-quarter GDP. Thanks for signing up! Look out…
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US stocks rise after monthly jobs data boosts December rate-cut bets
Wall Street’s main indexes edged higher on Friday, with the S&P 500 and the Nasdaq touching intraday record highs as traders increased bets on a Federal Reserve rate cut this month following robust November payrolls data. U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but this is unlikely to…
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Gold Price Today: Gold prices dip by Rs 1,200/10 gm in 1 week, silver down by Rs 3,800/kg
Gold December futures contracts at MCX opened flat today at Rs 75,063 per 10 gram, which is up by 0.17% or Rs 129 while silver December futures contracts were trading at Rs 89,157/kg, up by 0.32% or Rs 285. Gold prices have been witnessing some profit booking in the last few sessions. In the last…
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Fed’s Barkin says price pressures may not fade as fast as expected
The U.S. central bank’s fight to return inflation to its 2% target may take longer than expected to complete and limit how far interest rates can be cut, Richmond Federal Reserve President Thomas Barkin said on Wednesday. In an interview with Reuters, Barkin said he supported the half-percentage-point rate cut the Fed approved last month…
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62 BSE500 stocks give double-digit returns in September as market scales record highs. What’s next?
Indian equity markets scaled new highs in the month of September on the back of 50 bps rate cut by the US Federal Reserve, boosting the sentiments of investors that the easing cycle is here to stay. The markets clocked gains in three out of four weeks during the month. Benchmark Sensex rose 1.22% in…
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SBI among top 10 stock picks from Axis Securities with upside potential of up to 42% – Stock Ideas
Indian Railway Finance Corporation Share Price 161.43 04:01 PM | 20 Sep 2024 6.19(3.99%) Suzlon Energy Share Price 83.45 03:59 PM | 20 Sep 2024 2.49(3.07%) Indian Renewable Energy Development Agency Share Price 232.37 03:59 PM | 20 Sep 2024 2.37(1.03%) Tata Motors Share Price 970.85 03:59 PM | 20 Sep 2024 3.86(0.4%) YES Bank…
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ET Explainer: How Fedβs more-than-expected rate cut will impact markets
The US Federal Reserve cut interest rates for the first time in more than four years citing lower inflation expectations and a slowing jobs market. A look at what it means for investors and Indian equities: What is the significance of the Fed’s interest rate cut? The Fed’s higher-than-expected rate cut of 50 basis points…
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Prospect of steeper Fed cuts boosts stocks, drives record gold prices
U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its policy meeting next week. Futures tied to the Fed’s policy rate now reflect about a 47% chance the Fed will cut its policy rate by half…
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Dow jumps over 400 points as Fed’s Powell hints at rate cut
Stock markets jumped on Friday after US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates as inflation is cooling. The Dow was up 476 points or 1.17 percent following the speech while the broad-based S&P 500 gained more than one percent and the Nasdaq bounced by…
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Australian shares subdued as tepid miners counter banks, gold boost
Australian shares were largely flat on Monday, as downbeat performances in most sectors partially offset support from financials and gold miners, while investors cut back fears of a possible U.S. recession following robust economic data. The S&P/ASX 200 index held its ground at 7,957.1 points, as of 0021 GMT. The benchmark closed 1.3% higher on…
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