US stocks rally again, close out best month since November 2020

US stocks rally again, close out best month since November 2020

US stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market. The S&P 500 index, a benchmark for many stock funds, rose 1.4% and finished 9.1% higher for July. A rebound in technology stocks, big retailers … Read more

S&P 500, Dow close lower after bank earnings, inflation data

S&P 500, Dow close lower after bank earnings, inflation data

The S&P 500 pared early losses to close modestly lower on Thursday after investors digested disappointing quarterly results from two large U.S. banks and hotter-than-expected inflation data. Initially, all three major U.S. stock indexes sold off sharply in the wake of second-quarter earnings from JPMorgan Chase & Co and Morgan Stanley. Both reported slumping profits … Read more

S&P, Nasdaq end higher as July hot streak continues

S&P, Nasdaq end higher as July hot streak continues

Wall Street benchmarks ended up on Thursday, with the S&P 500 and Nasdaq recording their fourth successive higher closes, as traders leaned in to U.S. equities after the Federal Reserve hinted at a more tempered program of interest rate hikes. U.S. stock markets have stabilized in July after a brutal selloff in the first half … Read more

S&P 500, Nasdaq end higher as investors eye economic path

S&P 500, Nasdaq end higher as investors eye economic path

The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped. U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, … Read more

Wall Street stumbles as consumer pessimism stokes growth fears

Wall Street stumbles as consumer pessimism stokes growth fears

Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season. The S&P and the Nasdaq fell about 2% and 3% respectively, with Apple Inc, Microsoft Corp and Amazon.com weighing the heaviest. The blue-chip Dow shed about … Read more

US stocks climb as yields fall to two-week low; copper tumbles

US stocks climb as yields fall to two-week low; copper tumbles

NEW YORK – Stocks in global markets rose on Thursday as U.S. Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown. The Nasdaq led the way higher on Wall Street, rising more than 1.6%. Technology shares including Apple Inc and defensive shares gave … Read more

Wall Street gains over 2% in broad rebound

Wall Street gains over 2% in broad rebound

Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn. All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly … Read more

Tech View: Nifty50 forms ‘Inverted Hammer’, recovery possible

Tech View: Nifty50 forms ‘Inverted Hammer’, recovery possible

New Delhi: Nifty50 on Tuesday formed an ‘Inverted Hammer’ candle on the daily chart, which at many a time is formed around bottoms, as traders remain sceptical about the initial pullback attempts, said analysts. Analysts added that the level of 15,600-700 remains a strong support for the index going ahead. They see resistance at 16,850 … Read more

Top tier IT valuations attractive: Macquarie

Top tier IT valuations attractive: Macquarie

Macquarie said worries over demand in the IT sector are overdone and all tier-I IT companies are trading in attractive territory after the recent fall in the sector. The brokerage’s optimistic forecast comes soon after recent downgrades of frontline IT stocks by Nomura and JP Morgan. Macquarie has upgraded to outperform and rated and as … Read more