Wall Street

[ad_1] Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favourite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.  The nascent swing highlights how funds are starting to buy into the narrative that China’s policy support will be enough to revive growth. While major Wall Street banks continue…

[ad_1] 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…

[ad_1] “Value” stocks are deeply unfashionable, and with good reason. They are defined as shares with prices that are low compared with their underlying assets or earnings (as opposed to “growth” stocks with prices that are high on these measures, yet which promise rapidly rising profits). If that sounds appealing, the returns of recent years have not been. Over the past decade value stocks have lagged behind the broader…

[ad_1] 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…

[ad_1] Nike’s stock plunged by almost 8% on New York Stock Exchange (NYSE) during early trading on Friday following the company’s announcement that it anticipates a decline in sales during the first half.  This projection comes as Nike shifts focus from older styles to more fashionable sneakers in its competitive battle for market dominance against emerging brands. Also read: Despite regulatory challenges, Paytm shares can cross ₹500, believes Motilal…

[ad_1] 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…

[ad_1] 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…