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Source: Live Mint US stocks declined on Thursday following mixed economic data and as UnitedHealth Group slumped on a report of a US criminal inquiry against it. Data showed US retail sales were near-flat in April, while wholesale inflation Producer Price Index (PPI) unexpectedly dropped last month. The PPI dropped 0.5% in April as the…
Source: Live Mint Stock markets have characteristically been volatile in the past few days. After delivering the best session of four years on Monday by rising 3.7 percent, Sensex dropped 1.6 percent on Tuesday. In the last two sessions of the previous week, Indian markets lost $83 billion in market cap on the India Pakistan conflict following Operation…
Source: Live Mint Wall Street’s key indices opened higher on Wednesday as Donald Trump’s Gulf tour stoked hopes of more trade deals. At the opening bell, the Dow Jones Industrial Average rose 9.7 points, or 0.02%, to 42150.09. The S&P 500 rose 10.2 points, or 0.17%, to 5896.74, while the Nasdaq Composite rose 64.6 points,…
Source: Live Mint US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 11:47 AM EDT, the Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.93%, and the Nasdaq Composite rose 1.65%. At 10:48…
Source: Live Mint Over the weekend, India and Pakistan agreed to end four days of conflict, while the US and China agreed to slash tariffs for 90 days. Stocks took off in response, turning investors wealthier by ₹16 trillion, the most since 25 May, 2021. The Nifty 50 shot up 3.8% to close at 24,924.70,…
Source: Live Mint Wall Street key stock indices opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs. China and the United States announced a 90-day truce in their trade war, agreeing to cut most of their tariffs. At the opening bell, the Dow Jones Industrial Average rose…
Source: Live Mint Wall Street investors in the week ahead will have a plenty of economic data to analyse such as consumer price inflation, retail sales, and Producer Price Index. Besides economic data, the spotlight will also be on the outcome of trade talks between the United States and China, a speech by Federal Reserve…
Source: Live Mint Corporate spreads have narrowed, and Treasury yields are less volatile, soothed by positive talk on tariffs. Stocks have recovered from their April 2 “Liberation Day” losses, but the dollar remains under pressure. Gold is the safe haven of choice. But worries that tariffs and trade disruptions will impact the economy remain, and…
Source: Live Mint The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving…
Source: Live Mint Wall Street’s key stock indices opened higher on Thursday on hopes of a trade agreement between the United States and the United Kingdom. US President Donald Trump said he was set to announce a trade deal with the UK. At the opening bell, the Dow Jones Industrial Average rose 198.6 points, or…
