Topline A broader stock market rally on Monday, fueled by eight Senate Democrats siding with Republicans to back a deal that would end the government shutdown, added tens of billions of dollars to the fortunes of the world’s richest people. The world’s wealthiest people had billions added to their combined net worth on Monday. Getty…
Global stock markets rose sharply on Monday as investors showed optimism amid reports that the US government shutdown could soon be resolved, after a breakthrough in the record 40-day standoff.Dow was trading up 115 points or 0.25%, reaching 47,103. Nasdaq also inched 1.95% or 448 points, to trade at 23,452 at 8:50 PM IST. S&P…
U.S Stock Market has witnessed a sudden fall in last few days undermining a rally that had driven stocks to a series of record highs. Amidst the talks of AI bubble, S&P 500 has fallen 2.4 per cent over the last eight sessions. However, several investors have welcomed the pullback a necessary corrections, rather than…
Conservative commentator Scott Jennings recently joked on X that “President Trump should hire Nancy Pelosi in retirement to manage Americans’ stock market portfolios. She beat the S&P 500 by 559%. We could all be retired in 6 months!” (1) The sarcasm aside, the numbers Pelosi leaves behind heading into retirement tell a startling truth. Over…
FX Empire – ISM Manufacturing PMI – Sub-ComponentsRising prices and falling employment may fuel speculation about stagflation, potentially weighing on US stock futures. On the other hand, lower prices could boost bets on a December Fed rate cut. Beyond the data, traders should monitor Fed speeches closely. Fed calls to maintain or cut rates amid…
Topline Shares of Palantir fell more than 8% after market open on Tuesday, leading a broader market decline after the software firm reported better-than-expected earnings, as some economists warned of “rally exhaustion” after a meteoric rise for several stocks this year. One analyst suggested stocks may be suffering from “rally exhaustion.” AFP via Getty Images…
Russian crude shipments fell by the widest margin seen since January 2024 over the past month, according to vessel-tracking data from Bloomberg, as US sanctions have begun to show their effect. Four-week average volumes of crude oil shipped from Russia’s ports tallied 3.58 million barrels per day for the period ended November 2, down by…
Tech led a sharp retreat in US stock futures on Tuesday after a mixed session on Wall Street that saw AI optimism in megacap companies drive the S&P 500 and Nasdaq Composite higher. S&P 500 futures (ES=F) sank 0.9%, while those on the tech-heavy Nasdaq 100 (NQ=F) tumbled roughly 1.3%. Contracts on the Dow Jones…
US stock futures were little changed Monday evening after a mixed session on Wall Street that saw AI optimism drive the S&P 500 and Nasdaq Composite higher. Dow Jones Industrial Average futures (YM=F) slipped about 0.1%. S&P 500 futures (ES=F) and Nasdaq 100 futures (NQ=F) also edged down 0.1%. AI-heavy tech names once again fueled…
2025 -Wall Street futures gained on Monday, kicking off November on firmer ground, on the back of optimism around AI demand and a U.S.-China trade truce. The benchmark S&P 500 posted its sixth consecutive monthly gain in October, its longest such streak in four years, while the tech-heavy Nasdaq logged its longest streak since January…