Former Finance Minister and Congress leader P Chidambaram has taken a swipe at the BJP-led Central government, saying that the Indian economy is in “severe distress”. Chidambaram said that the BJP’s claims about a “robust Indian economy” are false as overseas investment has dropped by 31%. The Congress leader said that foreign investors’ confidence in the Indian economy has declined. “BJP claims that the Indian economy is in robust…
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US stock indices edged higher on Tuesday as most megacap stocks and chipmakers jumped on optimism over three interest rate cuts this year. At 09:33 a.m. ET, the Dow Jones Industrial Average was up 70.78 points, or 0.18 per cent, at 39,384.42, the S&P 500 was up 15.22 points, or 0.29 per cent, at 5,233.41, and the Nasdaq Composite was up 73.22 points, or 0.45 per cent, at 16,457.68.…
Read More »Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumer confidence. Last week, the US central bank kept its interest rates unchanged and also signalled three rate cuts in…
Read More »US stocks opened mixed on Tuesday ahead of the Federal Reserve’s interest rate decision due on Wednesday. The S&P 500 opened lower by 10.33 points, or 0.20%, at 5,139.09, while the Nasdaq Composite dropped 71.52 points, or 0.44%, to 16,031.93 at the opening bell. The Dow Jones Industrial Average rose 29.18 points, or 0.08%, at the open to 38,819.61. Milestone Alert! Livemint tops charts as the fastest growing news…
Read More »US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week. Fed policymakers are widely expected to keep interest rate unchanged as inflation data released last week showed that the consumer prices in the US rose in February. At 9:34 a.m. ET, the Dow Jones Industrial Average was up 150.05 points, or 0.39 per cent, at 38,864.82, the S&P 500 was…
Read More »For nearly a year, the world has eagerly awaited clear indications of rate cuts from the Fed, yet the central bank has consistently emphasized the possibility of prolonged higher rates. There are no expectations of a cut at this juncture but hopes are alive that the Fed will go for a cut in June this year. Meanwhile, inflation remains above the Fed’s 2 per cent target. The US Consumer…
Read More »In the week ahead on Wall Street all eyes will be on the US Federal Reserve’s monetary policy meeting. After inflation data released last week showed that the consumer prices in the US rose in February, the Fed policymakers are widely expected to keep interest rate unchanged. The FOMC’s (Federal Open Market Committee) interest rate decision is slated to be released on March 20, followed by Fed Chair Jerome…
Read More »US equities slid on Thursday after hotter-than-expected producer prices data. At 10:01 a.m. ET, the Dow Jones Industrial Average was down 168.41 points, or 0.43 per cent, at 38,874.91, the S&P 500 was down 26.56 points, or 0.51 per cent, at 5,138.75, and the Nasdaq Composite was down 96.03 points, or 0.59 per cent, at 16,081.74. The Producer Price Index (PPI) rose 0.6 per cent month-on-month in February, showed…
Read More »US stock indices were mixed on Wednesday as Treasury yields rose. At 9:50 a.m. ET, the Dow Jones Industrial Average was up 54.74 points, or 0.14%, at 39,060.23, the S&P 500 was down 7.63 points, or 0.15%, at 5,167.64, and the Nasdaq Composite was down 79.22 points, or 0.49%, at 16,186.42. Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here…
Read More »US stocks declined on Monday, as investors awaited key inflation data that could offer cues on the US Federal Reserve’s interest rate cut plans At 9:39 a.m. ET, the Dow Jones Industrial Average was down 75.72 points, or 0.20%, at 38,646.97, the S&P 500 was down 9.74 points, or 0.19%, at 5,113.95, and the Nasdaq Composite was down 21.81 points, or 0.14%, at 16,063.31. Milestone Alert! Livemint tops charts…
Read More »US stocks opened lower on Tuesday ahead of a slew of economic data. At the opening bell, the Dow Jones Industrial Average fell 82.85 points, or 0.21%, to 38,906.98. The S&P 500 opened lower by 20.43 points, or 0.40%, at 5,110.52, while the Nasdaq Composite dropped 129.77 points, or 0.80%, to 16,077.74. In Europe, Britain’s FTSE 100 edged up 0.1 per cent at 7,646.34 points. France’s CAC 40 was flat at 7,959.76. Germany’s DAX…
Read More »In the week ahead on Wall Street, US Federal Reserve chairman Jerome Powell’s congressional testimony and the US jobs report for February will be the major focus of the stock market investors. The two major events could offer clues to investors on the US central bank’s interest rate plans this year. The Federal Reserve Open Market Committee’s (FOMC) next policy decision outcome is scheduled on March 20. ALSO READ: Fed’s…
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