Latest Updates Around The World
The US Federal Reserve can still cut interest rates “in the near term” without jeopardizing its inflation target, New York Fed President John Williams said on Friday.Progress on inflation has “temporarily stalled,” Williams acknowledged in comments prepared for a meeting of the Central Bank of Chile, adding that it was “indispensable to restore inflation to […]
Wall Street rose Thursday after Nvidia reported stronger-than-expected quarterly earnings, dampening concerns that AI-related stocks could be overvalued.The Dow Jones Industrial Average rose 428.7 points, or 0.93%, to 46567.51 at the open. The S&P 500 rose 95.8 points, or 1.44%, to 6737.93 at the open, while the Nasdaq Composite rose 492.8 points, or 2.18%, to […]
Stocks on Wall Street rose early Wednesday as investors await an earnings report from AI chip powerhouse Nvidia and minutes from the U.S. central bank’s latest interest rate meeting.Shortly after trading began, the Dow Jones Industrial Average rose 0.1 percent to 46,129.44, while the broader S&P 500 rose 0.2 percent to 6,634.22. The tech-heavy Nasdaq […]
Gold and silver prices rose marginally in early trading on Wednesday, November 19, breaking their two-day losing streak this week, even as fading hopes for a US interest rate cut continued to dampen sentiment for the precious metals. Attention now turns to the delayed US jobs figures due tomorrow. The lack of new data for […]
Stocks on Wall Street fell further on Tuesday as worries about the technology sector and worries about the strength of consumer spending weighed on the market and the possibility of a Fed rate cut in December faded.The Dow Jones fell 578.28 points (-1.24%) to 45,965.39, the S&P 500 fell 72.34 points (-1.08%) to 6,583.84 and […]
Wall Street stocks fell early on Monday as traders braced for major earnings reports from chip titan Nvidia and major US retailers.After the longest government shutdown in US history, which put several economic data reports on hold, markets are also waiting for backlog data to start flowing again – to gauge the health of the […]
Gold prices fell 3% on Friday following a broader market sell-off fueled by hawkish comments from US Federal Reserve officials, dampening hopes for a rate cut in December. Spot gold fell 1.9% to $4,092.72 an ounce as of 2:33 PM ET (1933 GMT), after falling more than 3% earlier in the session. However, precious metals […]
Wall Street’s major indexes fell on Friday as technology stocks came under renewed selling pressure, while hawkish comments from Federal Reserve officials added to doubts about a December interest rate cut.At 9:36 a.m. ET, the Dow Jones Industrial Average fell 568.05 points, or 1.24%, to 46,889.17, the S&P 500 lost 73.29 points, or 1.09%, to […]
Wall Street’s major indexes rose on Wednesday, with the Dow Jones at a record high, as investors cheered the likely end of the longest US government shutdown and positive earnings prospects from Advanced Micro Devices revived optimism around AI.AMD advanced 8.2% after the chip designer said it expects annual data center chip revenues to reach […]
The S&P 500 and Nasdaq fell on Tuesday as concerns about high technology valuations resurfaced, while markets closely watched progress toward the end of the longest government shutdown in U.S. history.Damping sentiment, a weekly update to ADP’s preliminary payroll figures showed that private employers cut an average of 11,250 jobs per week for the four […]
