WALL STREET
US stocks open slightly higher on rising bets of bigger Fed rate cut
Wall Street opened slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week.
Fed factor: Rate cut theory suggests higher equity valuations, but history tells a different story
The Nifty Index showed mixed results following recent Fed rate cut cycles, defying the theory that lower rates boost equity valuations. After the 2001 cuts, it fell 35% over a year. In 2007-08, it first rose 30% then plunged 60%. Post-2019 cuts, returns were flat, between 0% and 5%.
Wall Street indexes close up; data keeps smaller Fed rate cut in view
Wall Street's main indexes closed higher after inflation data supported expectations for a 25-basis point rate cut by the Federal Reserve. The producer price index rose more than expected, while initial unemployment claims met estimates. Moderna's weak revenue forecast made it the S&P 500's biggest percentage loser.
Wall St muted as hot PPI keeps smaller rate cut in view; Moderna slumps 17%
Wall Street's main indexes were subdued at the open on Thursday as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the Federal Reserve firmly on the table.
Japan's Nikkei rallies on Wall Street gains, softer yen
Among the Tokyo Stock Exchange's 33 industry groupings, transport equipment, which includes automakers, climbed 2.4% and was among the top performers. Toyota Motor gained 3.8%, while Kawasaki Heavy Industries led the sector with a 6.3% rise. Japan's technology shares tracked their U.S. peers higher to offer the Nikkei the largest lift.
Dow slips over 400 points as sticky inflation hampers bumper rate-cut bets
Wall Street's main indexes were mixed at the open on Wednesday as uncertainty about the Federal Reserve's interest rate path increased following the latest inflation data.
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Nasdaq, S&P gain on megacap boost in lead up to inflation report
The S&P 500 and Nasdaq saw gains as most megacap stocks rose, with Tesla leading the way. Investors are now focusing on key inflation data due later this week. Apple fell after losing a tax battle in the EU, while Oracle surged following strong quarterly results.
Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Wall Street's major indexes rose over 1% on Monday as investors sought bargains after last week's sell-off. They await upcoming inflation reports and the Federal Reserve's policy decision. Key events include the consumer price index report and a debate between U.S. presidential candidates Kamala Harris and Donald Trump.
US stocks bounce as focus shifts to rates outlook ahead of inflation data
Wall Street's main indexes opened higher on Monday following heavy losses last week, as investors remained optimistic about soft landing prospects for the U.S. economy ahead of a crucial inflation report later in the week.
Conservative BofA joins peers with forecast of three US rate cuts this year
Bank of America, the most conservative among Wall Street's brokerages on the size of the Federal Reserve's expected interest rate cuts this year, has raised its forecast to match most of its peers after the recent nonfarm payrolls data.
Ola Electric shares fall 4% as lock-in ends for 18 crore shares
Ola Electric Share Price: The expiry of the anchor lock-in period has released 18.18 lakh shares for trading. This marks the end of a regulatory restriction designed to prevent large-scale selling and stabilize stock prices after an IPO. Typically, anchor investors are required to hold 50% of their shares for 30 days and the remaining 50% for 90 days. With these shares now freely tradable, there could be an increase in market activity and potential price volatility for the stock in the short term.
China bulls getting tired of waiting, stock recovery remains elusive
Weakness in Chinese equities is eroding confidence among Wall Street supporters, with hopes for a turnaround fading. Major financial institutions like UBS, Nomura, and JPMorgan have downgraded China's equities due to various concerns. This shift is leading to increased interest in markets like India and Southeast Asia, as China struggles to meet its growth targets.
China bulls getting tired of waiting for elusive stock recovery
Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.
Wall Street Week Ahead: Economic worries back on Wall Street's radar after jobs data
Uncertainty over the U.S. economy's health is affecting markets, with investors concerned about Federal Reserve policy shifts, a tight U.S. election, and high valuations. Recent jobs data suggests a slowing labor market, raising fears of economic pressure from elevated borrowing costs. The S&P 500 dropped 1.7% on Friday, highlighting market volatility.
Wall Street stocks fall, big weekly drop as market waits for Fed to move
All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.
Nasdaq slumps 2%, S&P 1.5% as jobs data misses market expectations
Wall Street's main indexes fell on Friday after a crucial jobs report failed to clarify the Federal Reserve's upcoming interest rate cut. The Dow Jones, S&P 500, and Nasdaq Composite all saw declines. Rate-sensitive growth stocks were mixed, with Apple rising while Tesla and Nvidia fell.
S&P 500, Nasdaq edge higher after services activity data
The S&P 500 and the Dow were subdued at the open on Thursday as investors parsed through mixed labor market data to gauge the size of the Federal Reserve's interest rate cut that is expected later this month.
Weak US data halts Nifty’s strong 14-day run
Indian equity indices fell on Wednesday, influenced by a sell-off on Wall Street due to weak US manufacturing data. The Nifty dropped 0.3% and Sensex declined 0.25%. Losses were limited by falling global oil prices. Analysts suggest a short-term correction but expect the market to resume its rally soon.
Wall Street ends slightly down after weak labor market data, dovish Fed comments
U.S. stocks ended slightly down in volatile trading after labor market data and comments from a Federal Reserve official suggested an interest rate cut might be imminent. Job openings fell to a 3-1/2-year low, potentially supporting the Fed's decision. Nvidia and other tech stocks slipped, while Tesla shares rose.
Nasdaq slips, S&P 500 subdued after soft job openings report
The Nasdaq slipped and the S&P 500 remained flat after a soft job openings report raised concerns about the U.S. economy. Job openings in July were lower than expected, ahead of crucial August payroll data. The Dow Jones rose slightly, while technology stocks continued to decline.
Asia tracks worst US selloff since August crash: Markets wrap
Asian stocks fell after Wall Street experienced its worst day since August 5, driven by weak US data and declining oil prices. The upcoming August jobs report is expected to show a modest increase in payrolls, while the Federal Reserve considers rate cuts to address economic concerns.
Wall Street drops on September worries, upcoming data
U.S. stocks fell sharply on Tuesday, marking the start of a historically weak month for the market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw their biggest declines since early August. Weak manufacturing data and anticipation of Federal Reserve interest rate decisions contributed to the downturn.
Dow drops 500 pts, Nasdaq 343 pts following weak manufacturing data
U.S. stocks fell on Tuesday following weak economic updates. The S&P 500, Dow Jones, and Nasdaq all saw declines. Treasury yields also dropped after a report showed U.S. manufacturing contracted in August. Investors are now looking to upcoming economic reports and the Federal Reserve's potential interest rate cuts to gauge the economy's health.
Asian equities advance as Yen steadies after drop: Markets wrap
Asian stocks saw gains with Japan leading, while the yen steadied after a recent drop. Traders are watching for signs of China's economic troubles and upcoming US jobs data, which could influence Federal Reserve actions. Oil prices rose due to supply disruptions in Libya.
Ahead of Market: 10 things that will decide D-Street action on Monday
Nifty ended Friday's session with an 84-point gain and formed a rounding bottom pattern on the daily chart, signaling strength. This breakout suggests the index could rise towards 25,500 in the short term. If Nifty maintains levels above 25,500, it might advance towards the 26,000-26,250 range, aligning with the rounding bottom pattern target, according to Hrishikesh Yedve of Asit C Mehta Investment Intermediates.
Once-in-lifetime Wall Street rally raises soft-landing stakes
Traders are leaning into bets with zeal even as serious questions linger about the economy and inflation — and how central bankers will respond. Before the Federal Reserve has even begun to act, bond markets have priced in a slew of rate cuts, measures of default risk are falling and surging equities reflect sure-thing bets the economy will boom.
Wall Street ends down; investors brace for Nvidia report
U.S. stocks fell on Wednesday as investors awaited Nvidia's quarterly report, seen as a key event given the company's significant gains from the AI boom. Nvidia shares dipped, influencing other tech giants. Anticipation also surrounded the U.S. Federal Reserve's possible interest rate cut at its September meeting.
Wall Street ends up as investors focus on Nvidia results
The S&P 500 ended higher driven by anticipation of Nvidia's quarterly report. Nvidia's shares rose 1.5%, being the most-traded company, while heavyweight tech stocks were mixed. Meanwhile, economic data showed increased consumer confidence, influencing investor expectations for future interest rate cuts. Paramount Global and Tesla shares declined amid specific company news.
Japan's Nikkei falls as Wall Street tech losses weigh
In early trading on Tuesday, Japan's Nikkei share average fell 0.5% to 37,936.68 following declines on Wall Street. Technology stocks led the drop, with companies like Tokyo Electron and Advantest pulling the index down. Broader Topix also dipped 0.2%. The yen's recent strength against the dollar further dampened market mood.
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