The US stocks close higher on Wednesday as Wall Street braces itself for the Thanksgiving holiday break as fresh economic reports get released. Weekly jobless claims saw the fall of ~24,000 in comparison to ~209,000. Apart from this, the reading of University of Michigan consumer sentiment survey exhibited that year-ahead expectations for inflation increased to
On 21 November 2023, the US stocks retraced, with S&P 500 and Nasdaq ending their respective five-session winning streaks because retailers saw a fall post some unfavourable outlooks and there was a decline in technology shares. After the release of US Federal Reserve minutes, the indexes were lower as these minutes showed that officials have
While analysing the performance of Asian markets, Indian benchmark indexes kicked off the week with the negative opening as both the benchmark indexes traded lower. Markets continue to trade lower as banking and finance stocks suffered some losses post the central bank’s tightening guidelines about the lending rules. National stock exchange (NSE) Nifty 50 index
As per the data release by National Retail Federation (NRF), the US holiday sales in 2023 should increase at the slowest pace over past 5 years. This is because Americans continue to grapple with higher inflation. Therefore, people in America are expected to think twice before they spend in this shopping season. Experts believe that
For the week ended 17th November 2023, the global indexes ended on a higher note as Nasdaq Composite saw an increase of ~2.76% and Dow Jones went up by ~2.01%. While Nasdaq-100 saw an increase of ~2.38%, S&P 500 Index was up by ~2.44%. Much of these increases were seen due to the favourable inflation
Over the past few days, the technology sector continues to dominate the increases in the stock market rally, with NASDAQ-100 Technology Sector gaining as much as ~4.20% over the week ended Friday (17 November 2023). Global stock market experts and analysts believe that technology sector has demonstrated strong performance in 2023, despite the US Federal
S&P 500 closed higher on Friday (17 November 2023) and, with this, the index saw 3rd straight winning week in the hot rally seen in November. Index added ~0.13% to end at ~4,514.02. Dow Jones inched slightly higher by ~0.01%, or 1.81 points, and closed the session at ~34,947.28. Nasdaq Composite went up by ~0.08% to close
All the big US stock indexes continues to exhibit the mixed performance after their recent rally, which was supported by the latest consumer and producer inflation data. The Dow Jones Industrial Average, S&P 500 Index, and Nasdaq-100 continue to display fluctuating trends. This can be because the global markets are adjusting to the new economic information. As Dow
Wall Street stocks extended their rally on Wednesday (15th November 2023) as investors continued to embrace idea that cooling down of inflation should put interest rate hikes on the pause. Dow Jones Industrial Average ended the day higher, with the index increasing by ~0.5%. Benchmark S&P 500 went up by ~0.2%, while the Nasdaq Composite closing barely
The US stock futures ticked higher off late as futures tied to S&P 500 index saw an increase of ~0.26%. Dow Jones Industrial Average futures went up by ~66 points, or ~0.18%, with Nasdaq 100 futures advancing ~0.25%. Late Tuesday, the House of Representatives saw the passing of bill which focused on averting the government shutdown. Now, as the regulatory process,
