Stock market today: BSE Sensex surges over 500 points, crosses 71,000; Nifty50 above 21,500
India Business News: Stock market today: Get the latest updates on the stock market today. BSE Sensex surges over 500 points to cross the 71,000 mark again, while Nifty50 remains above 21,500. Stay informed about the market-moving events and Budget 2024. Key Points
Times Of IndiaS&P 500 ends near record high as AI optimism lifts chipmakers
U.S. stocks ended sharply up on Thursday, with the S&P 500 approaching record highs as AI optimism drove gains in Nvidia and other chipmakers. Key Points
Economic TimesS&P 500 posts longest weekly winning streak since 2017; finishes flat on day
The Dow Jones Industrial Average rose 56.81 points, or 0.15%, to 37,305.16, the S&P 500 lost 0.36 points, or 0.01%, to 4,719.19 and the Nasdaq Composite added 52.36 points, or 0.35%, to 14,813.92. For the week, the Dow gained 2.9%, the Nasdaq climbed 2.8% and the S&P 500 added 2.5%. Key Points
Economic TimesWells Fargo sees economic "soft patch" capping further S&P 500 gains
An upcoming "economic soft patch" will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap stocks, strategists at the Wells Fargo Investment Institute warned in a note on Monday. Key Points
ReutersWall St Week Ahead Broadening of U.S. stock rally feeds investor optimism
Signs the U.S. stock market rally is broadening from the so-called Magnificent Seven of mega-cap growth and technology companies is bolstering investor hopes for a rally through year-end. Key Points
Reuters
US stocks: S&P 500, Nasdaq end up as Nvidia surge leads megacap higher
International Business News: The S&P 500 and the Nasdaq rose, driven by a surge in Nvidia's stock after an optimistic note from Morgan Stanley. Nvidia's shares rose by 7.1%, prope Key Points
Times Of IndiaUS stocks: Wall Street tumbles to its worst loss in months
International Business News: The Dow Jones Industrial Average fell 1% and the S&P 500 dropped 1.4%, the two indices sustaining their biggest falls since April. The Nasdaq composit Key Points
Times Of IndiaDow, S&P 500 rise after upbeat earnings from big banks
U.S. Federal Reserve's rapid interest rate hikes helped some of the largest U.S. banks, including JPMorgan Chase and Wells Fargo, record a profit boost that pointed towards a resilient economy Key Points
Business TodayWall St week ahead: Lofty valuations on US stocks a growing worry for investors
Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels. Key Points
Economic TimesUS stocks: Wall Street ends down as debt-ceiling clouds hover
International Business News: US stocks fell, with the S&P 500 and the Dow Jones Industrial Average both down by 0.73% and 0.77%, respectively. The Nasdaq Composite dropped 0.61%. Key Points
Times Of India
Indy 500 Pole Qualifying: How to watch, TV schedule, live streaming and more
The Indy 500 qualifying coverage on Sunday will determine the pole position and 14 additional spots. The Fast 12 round starts at 2 p.m. ET on Peacock, with six cars advancing to the Fast Six round for the pole position. Key Points
Economic TimesUS stocks: Nasdaq outperforms as investors cheer Microsoft
International Business News: The Nasdaq closed higher due to strong Microsoft results. However, the S&P 500 and Dow fell due to concerns about the US economy and banking sector. M Key Points
Times Of IndiaUS stocks: Nasdaq underperforms on worries about tech earnings ahead
International Business News: The Dow Jones Industrial Average rose 66.44 points, or 0.2%, to 33,875.4 while the S&P 500 gained 3.52 points, or 0.09%, at 4,137.04. The Nasdaq Compo Key Points
Times Of IndiaUS stocks: Wall Street ends higher; investors await earnings, Fed cues
International Business News: The Dow Jones Industrial Average rose 100.71 points or 0.3% to 33,987.18. The S&P 500 climbed 13.68 points, or 0.33%, to 4,151.32, and the Nasdaq Comp Key Points
Times Of IndiaUS stocks: Wall Street ends higher as investors eye upcoming jobs data
International Business News: Alphabet Inc rallied 3.8% and Microsoft climbed 2.6%, with both leading the gains and powering the S&P 500 higher. The Labor Department's data showed Key Points
Times Of India
Dow Jones rallies to year's highest close, caps blockbuster month
The S&P 500 and the Nasdaq notched their largest monthly percentage gain since July 2022. November was the Dow's best month for percentage gains since October 2022. Key Points
mintUS stocks: Wall Street closes up, regains ground as US inflation report nears
International Business News: US stocks rebounded on Monday after investors added positions ahead of Thursday's US inflation report. The US and S&P 500 rose 1.16% and 0.90% respect Key Points
Times Of IndiaGlobal market: US stocks slip on debt ceiling uncertainty
On Friday, the Dow Jones Industrial Average fell 109.28 points, the S&P 500 lost 6.07 points and the Nasdaq Composite dropped 30.94 points. Overall, the Wall Street ended the week on a softer note with focus on US debt ceiling and key macro data. Key Points
mintUS Stocks: Futures mixed as focus shifts to inflation data, earnings
Analysts expect first-quarter profits at S&P 500 companies to fall 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the year, according to Refinitiv data. Key Points
FinancialexpressAsia Set for Muted Open; US Bond Sales in Focus: Markets Wrap
Stocks were poised for a muted open in Asia after the S&P 500 nudged higher. Wall Street saw another busy session of bond sales as issuers looked to borrow before key economic data later this week. Key Points
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S&P 500 falls after inflation data as weak quarter nears end
The S&P 500 fell on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve's interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks. Key Points
ReutersUS stocks: Wall Street ends sharply lower on deadlocked debt ceiling talks
India Business News: The S&P 500 benchmark index declined 1.12% to finish at 4,145.58 points, and the Nasdaq Composite fell 1.26% while the Dow Jones Industrial Average sl Key Points
Times Of IndiaUS stocks: Dow, S&P edge up as data, debt ceiling curb gains
International Business News: The Dow and S&P 500 closed slightly higher on Monday, while the Nasdaq rose over 0.5%. A fall in manufacturing data contributed to concern over the US Key Points
Times Of IndiaS&P 500, Nasdaq hit record highs as jobs data strengthens rate cut bets
At 09:37 a.m. ET, the Dow Jones Industrial Average was up 8.98 points, or 0.02%, at 38,800.33, the S&P 500 was up 9.57 points, or 0.19%, at 5,166.93, and the Nasdaq Composite was up 55.76 points, or 0.34%, at 16,329.14. Key Points
Economic TimesWall St inches higher, Treasury yields gain as S&P 500 inches closer to record high
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were lifted by semiconductor shares on Wednesday, and the benchmark Treasury yield continued to climb to a more than one-month high amid cooling Key Points
ThePrint
Dow Jones drops to near one-month low as Treasury yields hurt megacaps after retail sales data
At 9:54 a.m. ET, the Dow Jones Industrial Average was down 110.22 points, or 0.30%, at 37,250.90, the S&P 500 was down 36.50 points, or 0.77%, at 4,729.48, and the Nasdaq Composite was down 210.44 points, or 1.41%, at 14,733.90. Key Points
Economic TimesUS stocks: Wall Street closes down as focus shifts to inflation data, debt talks
International Business News: The Dow Jones Industrial Average closed below its last session by almost 57 points, or 0.17%, the S&P 500 lost 18.95 points, or 0.46%, and the Nasdaq Key Points
Times Of IndiaStocks gain, US treasury yields rise as banking fear eases
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.3% by early morning Hong Kong time. U.S. stock futures, the S&P 500 e-minis, were up 0.21%. Key Points
FinancialexpressRivals Turn Partners: Adani, Ambani Sign ‘Power-Pact’ | What Brought Them Together? | Details
As per exchange filings, Mukesh Ambani’s Reliance has picked up a 26% stake in Adani Power’s project in MP. The pact has been signed to use the plant’s 500 MW of electricity for captive use. This stake has been bought in the form of stocks with face value of Rs10 at par ( Rs50 crore). This will allow reliance use of 500 MW of generation capacity for captive use, as per the filings of both firms in separate stock exchange filings. But why did Adani and Ambani who have often been portrayed as business rivals shake hands? Watch this video to find out. Key Points
https://www.livemint.comLandslide traps 47 people in southwest China, over 500 evacuated
Efforts are underway to rescue the individuals trapped under the landslide, official media reported. The buried villagers come from 18 households. Key Points
ThePrint
CM’s Janta Darbar in Gorakhpur: Housing, medical care will be ensured, says Yogi
CM Yogi Adityanath addresses over 500 visitors at Janta Darbar, assures them of government housing and medical care. Orders crackdown on land grabbers. Key Points
Hindustan TimesAsia shares ebb into the red as inflation, earnings loom large
By Wayne Cole SYDNEY (Reuters) -Asian shares slipped into the red on Monday as Chinese stocks extended their recent retreat, and investors braced for U.S. inflation data and a corporate reporting Key Points
ThePrintWall St Week Ahead As earnings loom, investors weigh recession resilience
As second-quarter earnings approach, investors are looking at beaten-down sectors which might gain ground regardless of whether the U.S. economy falls into recession this year. Key Points
ReutersTop banks' credit cards with low annual fee
Credit cards with low annual fees: Listed below are the top banks' low annual fee credit cards which are chosen basis the overall value-back they offer in the form of reward points, cashback, discount, etc. across different spending categories. Key Points
Economic TimesHurun Report 2022: Reliance tops list of most valuable private sector companies, followed by TCS, HDFC Bank
The Hurun Report mentioned that the total value of 500 most valuable companies in India reduced marginally by 6.4%. The report added that the companies underperformed compared to SENSEX and other global indices. Key Points
mint
World markets today: As Fed meet begins US stocks open muted
The Dow Jones Industrial Average fell 35.22 points, or 0.09 per cent, at the open to 38,298.23. The S&P 500 opened lower by 2.04 points, or 0.04 per cent, at 4,925.89, while the Nasdaq Composite dropped 23.97 points, or 0.15 per cent, to 15,604.08 at the opening bell. Key Points
mintWorld Markets today: US stocks trade flat, Intel down 6-week low, slumps 12%
As of 9:49 a.m. ET, the Dow Jones Industrial Average demonstrated a gain of 36.03 points, equivalent to a 0.09% increase, reaching 38,085.16. Key Points
mintWorld markets today: US stocks fall, FedEx shares tumble
Dow Jones Industrial Average dips 0.10%, S&P 500 edges lower by 0.08%, Nasdaq Composite drops 0.20% Key Points
mintWall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession. Key Points
ReutersUS stocks close higher on optimism of debt ceiling deal
International Business News: US stock indexes rose on Friday amid the optimism of avoiding a catastrophic US debt default. The S&P 500 increased by 1.3% to 4,205.45, the Dow Jones Key Points
Times Of India
Have patience and hold cash, market going to drop to 18,500 at least: Jai Bala
“When the market gets to about 18,500 to 18,400, I will evaluate the market at that point. That will be a decision point for me. It does look like the markets are going to drop below the 2022 low. But at the moment, I will keep that as an evaluator.” Key Points
Economic TimesWhy the stock market keeps rallying, defying doom scenarios
The persistent bearishness towards equities could be fuelling a market rally in stocks, as investors who bet against the market are forced to unwind their positions. Despite the S&P 500's 17% rally since October, sentiment among money managers remains low, and their cyclical holdings are at their lowest level since October, according to Goldman Sachs. Hedge funds are sticking to their guns by betting on safe stocks such as technology and shedding their investments in banks and economically sensitive shares. However, even the hint of good news, such as progress towards debt-ceiling talks, has the power to spark a market rally. Key Points
Economic TimesData crucial for success of Aspirational Block Programme: Niti CEO
Addressing an event here, Subrahmanyam further said through the implementation of the Aspirational Block Programme, the goal of the government is to saturate the 500 blocks, with every development initiative that the government of India is implementing. Data is very very crucial for the success of the Aspirational Block Programme. There is a need to make data visually available to aid decision-making, he said. Key Points
Economic TimesBigger, Stronger, Better: Top companies of 2023 are batting in peak form
At the aggregate level, the incumbent cos show manageable debt and improving ability to service it, adequate equity and healthy top-line and bottomline growth. While oil and gas has retained its status as the biggest sector in the listing based on annual revenue, banking leads in net profit share aided by buoyancy in credit offtake and improving asset quality. Key Points
Economic Times