US stocks were drifting on Friday as investors assessed economic data and corporate earnings. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24per cent, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06per cent, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09per cent, to 20,034.29. At…
On Wall Street, market participants will see the holiday-shortened but a busy week ahead. On Monday, markets will remain closed on account of Martin Luther King Jr. Day. As on Monday Donald Trump’s inauguration as US President is scheduled, investors will closely watch the executive orders of the new administration to be announced in the…
The S&P 500 and the Nasdaq slipped on Thursday after ending the previous session on a positive note, while investors assessed some of the last economic datasets ahead of the Federal Reserve’s meeting. The Nasdaq soared past the 20,000 mark for the first time on Wednesday as the technology rally showed no signs of a…
After the strong November payrolls data, released last week, boosted hopes for an interest rate cut in December,the focus of investors in the week ahead will be on the consumer price inflation. The retail inflation data could provide clues on the US Federal Reserve’s last monetary policy of 2024. In addition, the market participants will…
As the economic calendar is fairly light in the week ahead, the major focus of the market participants on Wall Street will be on earnings reports from big names such as chip giant Nvidia Corp, retail heavyweights Walmart Inc and Target Corp. Nvidia, the world’s most valued company by market capitalization will declare its third…
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…
Wall Street in the week ahead will see plenty of economic data and earnings reports from five megacap companies. On the economic front, investors will closely monitor US Q3 GDP numbers, the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures price index, and jobs report. Next week, stocks of five megacap companies — Apple,…
The Oracle of Omaha and CEO of Berkshire Hathaway, Warren Buffett, is an investment prodigy and a legend when it comes to making impeccable financial investments. His knack for making money out of underrated or known stocks inspires many in the investment domain, making him an ideal figure to pay heed to. As we continue…
(Bloomberg) — US stocks and bonds wavered on Monday as traders awaited remarks from the Federal Reserve Chair later in the session. S&P 500 was little changed with declines in Amazon.com Inc. and Nvidia Corp. weighing on the benchmark index. Despite Monday’s weakness, a record-setting rally has put the equities gauge on track for its…
Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank speakers, including Fed…