Wall Street cruised to record highs on Friday, buoyed by cooler inflation data that strengthened expectations of faster rate cuts by the Federal Reserve, while Intel’s upbeat earnings kept momentum in AI-related stocks alive. A softer-than-expected inflation print for September solidified bets that the Fed will ease rates again next week. Traders brought forward their…
Indian equity benchmarks started on a strong note during the special one-hour Muhurat trading session on Tuesday but pared gains by the close. Both the Nifty and Sensex touched fresh 52-week highs during the session, though the early optimism faded later. The 30-share BSE Sensex ended 63 points, or 0.07%, higher at 84,426, while the…
Wall Street‘s main indexes opened flat on Tuesday, as investors assessed a wave of quarterly earnings from corporate majors.At 09:30 a.m., the Dow Jones Industrial Average rose 13.17 points, or 0.03%, to 46,719.75. The S&P 500 gained 2.85 points, or 0.04%, to 6,737.98, while the Nasdaq Composite lost 9.71 points, or 0.04%, to 22,980.83. Source…
Wall Street advanced on Monday as investor concerns over the stability of regional banks eased, turning focus to a wave of corporate earnings and a closely watched inflation report. Earnings season shifts into high gear this week, with Wall Street heavyweights, including Tesla, Ford, GM , Netflix, Procter & Gamble, Coca-Cola , IBM and Intel,…
Wall Street‘s main indexes opened lower on Tuesday with renewed trade tensions between U.S. and China souring sentiment, while investors also parsed results from big U.S. banks that kicked off the third-quarter earnings season.The Dow Jones slipped 447.27 points or 0.97% to 45,620.31, the S&P 500 fell 81.28 points or 1.22% to 6,573.41, while the…
A monthslong calm on Wall Street is breaking on Friday, and U.S. stocks are tumbling after President Donald Trump threatened to crank tariffs even higher on China. The S&P 500 fell 1.5% and was on track for its sharpest loss since Aug. 1. The Dow Jones Industrial Average was down 456 points, or 1%, as…
America’s top banker Jamie Dimon has cautioned that U.S. stocks face a higher risk of a major correction than markets currently reflect, which he believes could occur within the next six months to two years. Dimon, who heads the country’s largest bank, JP Morgan, said he is “far more worried about the correction than others,”…
The Dow Jones jumped over 400 points on Wednesday after the U.S. Federal Reserve cut interest rates by 25 basis points and indicated more cuts while flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump. At 2:08 p.m. ET, the Dow Jones jumped 450.24 points, or 0.98%,…
Asian stocks posted modest gains at the open Tuesday, with attention back on technology shares and the artificial intelligence sector following the surge in Alibaba Group Holding Ltd.’s shares. Shares in Japan and South Korea rebounded after Monday’s losses while Australia’s declined. US equity-index futures edged lower after cash markets were closed Monday for Labor…
Shares of UnitedHealth Group surged more than 9% on Friday after a fresh investment from billionaire Warren Buffett’s Berkshire Hathaway boosted investor confidence in the troubled health conglomerate. The company is dealing with multiple challenges that have emerged in the last two years, including rising costs, a federal investigation into its government-backed health plans, a…