Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset uncertainty about escalating turmoil in the Middle East. All three major U.S. stock indexes closed sharply higher. Consumer discretionary stocks led the sector gainers, with a solid boost from Tesla. “The rally is a bit…
The Indian stock market fell for a second straight session on Friday, with the benchmark indices ending with weekly declines of 1.4% amid growing tension between India and Pakistan. On Friday, the benchmark BSE Sensex declined 880.34 points or 1.10% to close at 79,454.47, while the broader Nifty 50 index closed at 24,008, lower by…
U.S. stock indexes fell sharply following the Federal Reserve‘s decision to hold rates steady, even as a steep decline in shares of Google-parent Alphabet weighed heavily on the Nasdaq. The Dow Jones was up 64.77 points or 0.16% to 40,893.77, down about 300 points from day’s high, while the S&P 500 fell 20.73 points or…
Wall Street‘s main indexes rebounded on Tuesday from a steep selloff in the previous session sparked by President Donald Trump’s mounting criticism of Federal Reserve Chair Jerome Powell, as market focus shifted to corporate results. At 12.30 pm, the Dow Jones surged 1,063 points or 2.79% to 39,234.26, the S&P 500 rose 146 points or…
Wall Street‘s main indexes pared early gains to trade flat on Monday as an early rally in technology stocks after the White House exempted smartphones and computers from new tariffs gave way to worries about economic growth and future levies. The United States unveiled the exemptions on Friday, but President Donald Trump said he would…
U.S. stocks rebounded on Friday, but all three main indexes were on track for weekly declines following a selloff earlier in the week, triggered by fears of a growth slowdown due to the Trump administration’s erratic trade policies. The Dow Jones Industrial Average rose 244.0 points, or 0.60%, at the open to 41,057.57. The S&P…
Wall Street‘s main indexes ticked up in choppy trading, boosted by a jump in energy stocks, while investors assessed a key jobs report and awaited comments from Federal Reserve Chair Jerome Powell for clues on the health of the U.S. economy. At 09:51 a.m. ET the Dow Jones Industrial Average rose 124.23 points, or 0.29%,…
Wall Street’s main stock indexes closed sharply lower on Monday after President Donald Trump announced the start of 25% tariffs on Canada and Mexico, with the S&P 500 posting its biggest daily percentage decline since December 18. Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25% tariffs on…
Wall Street‘s main indexes were mixed in choppy trading on Friday as investors avoided large bets after data showed consumer spending fell in January, exacerbating worries that the world’s largest economy might be stalling. A Commerce Department report showed that inflation rose in line with expectations in the previous month. However, consumer spending, which accounts…
Wall Street‘s main indexes opened higher on Wednesday, with the benchmark S&P 500 just shy of a record high, as investors cheered streaming giant Netflix’s strong quarterly performance and President Donald Trump’s multi-billion dollar support to bolster AI infrastructure. The Dow Jones Industrial Average rose 152.3 points, or 0.35%, at the open to 44,178.06. The…