US Stocks Hit Record High on Israel Cease-Fire Deal US equity markets surged to all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement. Wall Street posted its seventh straight winning session and new all-time highs despite tariff worries, with the S&P 500 notching its 52nd record this year lifted by hopes for another Federal Reserve rate cut and a mega-cap revival. U.S. short-term...

The Dow Jones Industrial Average logged a record close on Monday, as U.S. Treasury bonds saw their biggest rally in nearly four months after President-elect Donald Trump selected Scott Bessent as his nominee for Treasury secretary. U.S. President-elect Donald Trump said on Monday that on his first day in office he will impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. The announcement sparked a dollar rally. It rose 1% against the...

short-term trend of Nifty seems to have reversed upwards U.S. stocks finished Friday higher, with all three major benchmarks rebounding ahead of the Thanksgiving holiday. Investors took comfort from data pointing to robust economic activity in the world's biggest economy. Crude oil futures settled higher on Friday, with the U.S. crude benchmark up by more than 6% for the week as traders continued to monitor escalating tensions between Ukraine and Russia, which is among the world’s biggest...

U.S. stocks closed higher Thursday, with the blue-chip Dow Jones Industrial Average leading the gains for the three major equity indexes. Optimism around year-end, especially around consumers fueling another crucial holiday-shopping season, helped lift stocks, as did strong earnings from AI-darling Nvidia Corp. Natural-gas futures rallied Thursday to trade 18% higher this week so far, and almost at a year high buoyed by forecasts for colder U.S. weather, recent Russia-Ukraine escalation and...

U.S. stocks finished mixed on Wednesday after choppy trading as investors braced for a key earnings report. Big tech edged lower in afterhours trading following a disappointing revenue forecast from Nvidia Corp. Nvidia reported third-quarter revenue and earnings that met estimates but fell short of the highest estimates for future revenue. India's economic growth is expected to pick up in the current quarter after a slowdown in July-September, the country's central bank said in its monthly...

U.S. stocks ended mostly higher on Monday, as the market attempted to rebound from its worst week in months and investors await Nvidia’s third-quarter earnings report on Wednesday. Crude oil futures settled Monday at their highest in more than a week, with President Joe Biden’s decision to allow Ukraine to use U.S.-supplied long-range missiles to strike deeper inside Russia contributing to a more than 3% rise in prices for the session. In corporate news, Godrej Agrovet (GAVL) has formed a...

US stocks fell on Friday after Jerome Powell signaled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up. Automakers like Tesla Inc. and Rivian Automotive Inc. slumped as Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases. Data earlier Thursday in the US showed producer prices exceeded consensus forecasts. Jobless claims were below expectations and touched the lowest level...

Wall Street's three major indexes closed lower on Tuesday as investors booked some profits from a post-election rally and waited eagerly for U.S. inflation data due this week. Treasury yields soared and the dollar hit the highest level in two years ahead of a key inflation report. India’s retail inflation rose to a 14-month high of 6.2 percent in October compared with 5.5 percent in the previous month, as food inflation galloped on the back of rising vegetable prices. CPI breached RBI’s...

U.S. stocks closed higher Friday, with all three major indices finishing the week at fresh all-time peaks in the wake of Donald Trump's victory in the presidential election. Stocks rose at the end of their best week in 2024 amid solid consumer sentiment data and bets that newly elected President Donald Trump’s pro-growth agenda will keep fuelling Corporate America. More than $2 trillion was added to equities over the five sessions, helped by a $20 billion inflow to funds on Wednesday alone....

U.S. stocks ended in record territory on Wednesday after the Federal Reserve delivered a 25 basis point interest-rate cut that investors had been expecting, helping to keep the postelection rally alive. Stocks hit fresh all-time highs, climbing alongside bonds and commodities. The Federal Reserve on Thursday voted to cut its benchmark interest rate by quarter-percentage point to a range of 4.5%-4.75%. In advance of the Fed, the Bank of England cut interest rates by a quarter point on...

U.S. stocks ended lower on Monday after a choppy session, as investors await the too-close-to-call presidential election on Tuesday. US stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision. The HSBC India Manufacturing Purchasing Managers’ Index rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in operating...

Indian benchmark indices Sensex and Nifty ended on a strong note on special Muhurat trading session for Samvat 2081 on November 1. A broad-based buying was seen across all sectors, led by auto pack, reacting to their strong October sales figures. At close, the Sensex was up 335.06 points or 0.42 percent at 79,724.12, and the Nifty was up 99 points or 0.41 percent at 24,304.30. U.S. stocks closed higher on Friday, but off the session's high, with the S&P 500 and Dow Jones Industrial...

U.S. stocks finished mostly higher on Tuesday, with the Nasdaq Composite scoring its 28th record close of the year, as investors prepared for quarterly earnings from Google parent Alphabet Inc. after the closing bell. Gold hit a fresh record early on Wednesday as Bitcoin traded near its all-time high. Just about a week away from the Federal Reserve decision, data showed US job openings fell to the lowest since early 2021. . The U.S. Federal Reserve will cut its key interest rate by 25 basis...

U.S. stocks closed higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies and the final stretch before the Nov. 5 presidential election, Asian equities were mixed Tuesday as traders prepared for the US election and key economic data that will set the stage for the next Federal Reserve decision. BPCL’s Russia oil intake share falls to 34% in September qurter Airtel to split DTH and entertainment business Prestige estae...

U.S. stocks closed mixed Friday as Treasury yields rose and investors weighed fresh economic data ahead of next week’s jobs report. Banks got hit as New York Community Bancorp tumbled 8.3% on a weaker outlook. Russia’s central bank raised interest rate to 21% to fight inflation boosted by military spending. Nvidia dethroned Apple as the world's most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial...

U.S. stocks closed mixed on Thursday, with the blue-chip Dow extending its losing streak to a fourth straight session and the S&P 500 edging higher as Tesla shares surged. A gauge of the “Magnificent Seven” hit a three-month high, with Tesla Inc. up 22% in its biggest rally since May 2013. In Japan, Governor Kazuo Ueda signaled the central bank won’t hike interest rates next week, with almost all BOJ watchers already expecting no policy shift this month. Reliance and Nvidia are partnering...

The Dow Jones and S&P 500 finished lower for a third straight session, joined by the Nasdaq on Wednesday as investors agonized about rising Treasury yields and the possible outcome of the Nov. 5 presidential election. Big tech climbed in after hours as Tesla Inc. kicked off the “Magnificent Seven” earnings season with solid results. Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against the...

*Nifty at 2 months lows - Oversold, a bounce is overdue* U.S. stocks finished mixed on Tuesday, with the S&P 500 posting its first back-to-back losses since early September, as investors considered rising Treasury yields amid concerns about a soaring U.S. deficit after the upcoming presidential election. US stocks struggled in late hours after downbeat news from some key American companies, with traders also mulling prospects for a slower pace of Federal Reserve rate cuts. Asian shares...

U.S. stocks closed mostly lower on Monday, as 10- and 30-year Treasury yields ended at almost three-month closing highs. Long-dated Treasurys aggressively sold off on Monday amid growing worries about the prospects of a rising U.S. deficit, pushing yields to their highest closing levels in months. Yields on 10- and 30-year government debt jumped about 10 basis points each to close at 4.18% and nearly 4.49%, respectively. The leading indicators of the U.S. economy fell again in September...

All three major U.S. stock indexes closed higher Friday, each reporting a sixth straight week of gains as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. This marked the longest string of weekly advances in 2024 Crude oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook. More than 70 S&P 500 companies have reported...

Major U.S. stock indexes bounced back from a selloff in the prior session to finish higher on Wednesday, buoyed by strong corporate-earnings results from names like Morgan Stanley and United Airlines. Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years. Oil futures fell for a fourth straight session of declines on Wednesday, with prices holding ground at their lowest in...

Wall Street's major stock indexes closed lower on Tuesday, with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as oil prices dropped. US stocks also got hit as a disappointing outlook from Europe’s most-valuable tech company and concern about tighter US restrictions on chip sales spurred a selloff in the industry China’s housing minister is planning to hold a press briefing on Thursday, likely providing more...

U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing. So far, 30 S&P 500 companies have posted results, beating the earnings consensus by about 5% on average India's retail inflation rose to above the central bank's target in September, led by the base effect and rising vegetable price momentum. The Consumer Price Index-based inflation rose to 5.49% in September,...

U.S. stocks closed higher Friday, with the Dow Jones Industrial Average and S&P 500 each ending at record highs after major Wall Street banks JPMorgan Chase & Co. and Wells Fargo & Co. reported quarterly earnings. India's industrial growth shrunk for the first time in 22 months by 0.1 percent in August compared with 4.7 percent in the previous month owing to an unfavourable base and heavier than normal rains. Net direct tax collection in India grew 18.3 percent to about Rs 11.25...