Wall Street

Wall Street falls sharply as Fed signals slower rate cuts next year

For the Dow it was its tenth consecutive daily loss, marking its longest losing streak since 1974 and its biggest daily percentage decline since early August

A $500 billion haul reignites passive controversy on Wall Street

Contrary to popular claims that price-agnostic money is fuelling market distortions by blithely lavishing capital just to largest companies, a Goldman Sachs Group study showed the role of fundamentals

Marvell forecasts Q4 revenue above estimates due to AI chip demand

Marvell's shares have risen nearly 60% this year as Wall Street has bet heavily on soaring demand for advanced chips that can support the complex processing needs of genAI

Asian stocks rise to record highs on Wall Street; euro, yuan slump behind

The dollar received some support overnight from better-than-expected U.S. manufacturing data, which also showed a mitigation in price increases

Trump picks Wall St CEO Lutnick to run Commerce, oversee USTR, tariffs

Lutnick, the head of brokerage firm Cantor Fitzgerald, will also have additional direct responsibility for the US Trade Representative's office, Trump said in a statement

Market Today: CPI at 14-mth high; FIIs; Swiggy & ACME Solar IPO listing

Both Sensex and Nifty closed over 1 per cent lower on Tuesday, November 12, with the Sensex ending at 78,675.18 and the Nifty closing at 23,883.45 levels

Wall Street bonuses likely to rise for first time since 2021: Consultant

Investment bankers in debt underwriting are projected to receive the biggest surge in bonuses of 25% to 35% for 2024, the estimates showed, buoyed by a resurgence of activity

Why Sensex fell 959 pts, Nifty 302 pts, after Trump's US election victory

BSE Sensex dropped by 1.19 per cent or 958.79 points to 79,419.34, before settling at 79,541.79. Similarly, the NSE Nifty50 tanked 1.24 per cent or 305 points to 24,179.05, before ending at 24,199.35

Wall Street hits record high as Donald Trump returns as US President

Wall Street is anticipating lower taxes, deregulation and a US president who is quick to sound off on everything from the stock market to the dollar

Wall Street, tech royalty fly to Saudi Arabia event amid West Asian war

International executives will have to contend with a region rocked by geopolitical tensions, with the threat of further military confrontation between Israel and Iran at the highest levels in decades

Market Today: HUL Q2, Gold at record, IMF on India, Waaree IPO last day

On October 22, foreign institutional investors continued their selling spree, offloading shares worth Rs 3,978.61 crore, while domestic institutional investors bought shares totaling Rs 5,869.06 crore

Market Today: GIFT Nifty sinks, Q2 results, Sinwar killed, Gold tops $2,700

At 6:30 AM, GIFT Nifty Futures were trading about 103 points lower at 24,741, suggesting a gap-down start for Indian markets.

Market Today: RIL, HCLTech Q2 results; S&P 500, Dow at record; Hyundai IPO

At 6:41 AM, GIFT Nifty Futures indicated a modest increase of 53 points, reaching 25,102 levels, suggesting a tentative start for the Indian markets.

Macron holds pitch meeting with Wall Street as budget worries mount

Macron spoke about the likelihood of increasing taxes to fund the country's budget, and was also candid about France's economic challenges

LSEG platform users report outage across globe after Wall Street open

LSEG, which runs the London Stock Exchange and provides data and analytics to banks and other institutions, said it was working to resume service

Nike withdraws annual revenue forecast, signals weak holiday season

Analysts say the company is yet to see benefits from its drive to fast-track innovation and revive demand through new product launches like Air Max Dn and Pegasus 41

Wall Street rallies after Federal Reserve cuts interest rates 50 bps

Intuitive Machines soars after clinching NASA contract; Dow 0.40%, S&P 500 0.52%, Nasdaq 0.79%

Control of Murdoch media at stake as hearing to begin with mogul, children

Rupert Murdoch and four of his children on Monday went before a Nevada probate commissioner behind closed doors to an evidentiary hearing that could decide who controls Murdoch's media empire after his death. The hearing scheduled to resume Tuesday and continue into next week comes after Murdoch, 93, moved last year to change the terms of his irrevocable family trust. The New York Times reported, based on a sealed Washoe County court document, that it was part of a bid to ensure that his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks, including The Wall Street Journal and Fox News Channel. The court has kept the hearings closed to the public and most documents sealed, largely rejecting requests for access by news organizations including The Associated Press. The trust was originally set up to give equal control over Rupert Murdoch's businesses to his four oldest children upon his death, according to the Times. Murdoch stepped down as lead

Wall Street falls sharply to close its worst week in nearly 18 months

Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The S& P 500 dropped 1.7 per cent to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6 per cent. The Dow Jones Industrial Average dropped 410 points, or 1 per cent, after erasing a morning gain of 250 points. Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed US employers hired fewer workers in August than economists expected. It was billed as the most important jobs report of the year, and it showed a second straight month where hiring came in below forecasts. It also ..

US markets open muted after weaker than expected August payrolls data

A Labor Department report showed U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown continued