Bank of America, a leading US financial institution, has stated that global investors have invested ~$40 billion in stocks since Oct. 9. This was the biggest 2-week inflow since the month of February in 2022. As a result this increased investments in the overall market, equities on Wall Street saw a significant rally. In just
Stocks saw a mixed finish on Friday after the end of half-day trading session as the markets opened after the thanksgiving holiday. On Friday, S&P 500 went up by ~0.1% after fluctuating between small gains and losses for most part of the day. The Dow Jones went up by ~0.3% and Nasdaq composite was down
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
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
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,
Officials of the US Federal Reserve have recently hinted that they “are not confident” that rates of interest are high enough. That is to say that further tightening might be in the offing to finish the battle with inflation. US Fed’s Chair Jerome Powell dictated that US Fed “is committed to achieving that monetary policy
As widely anticipated, the RBI has decided to keep the repo rate unchanged at 6.5%. India continues to outperform other countries in terms of consumption and with the festive season coming up, the RBI will not risk denting it. This is nothing but good news for aspiring homebuyers on the market for a purchase in
On Tuesday 25th July 2023, crude oil prices were able to stabilize near three-month highs. Much of this stabilization was because traders were waiting for the US Federal Reserve meeting after there have been signs regarding the tighter supplies and assurance by Chinese authorities to shore up their economy. Crude benchmarks have seen 4 consecutive
Dow Jones Industrial Average (DJIA) saw its tenth consecutive positive session on Friday (21 July 2023). Blue chip index only gained 0.01% by end of trading day on Friday. Therefore, market watchers see this closing as “suspenseful”. Several factors impact the performance of Dow Jones index, including but not limited to, earnings results, global macro
