Page 11 - Latest Updates on Nasdaq
Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data
US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat
 "Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data")
Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
 "Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%")
Wall Street: Nasdaq slumps more than 2% on fears of aggressive Fed
Megacap growth, tech stocks extend losses; AMC tumbles as UK's Cineworld mulls bankruptcy filing
 "Wall Street: Nasdaq slumps more than 2% on fears of aggressive Fed")
Nasdaq leads Wall Street lower as rate hike worries spark tech rout
Dow Jones Industrial Average was down 192.74 points, or 0.57%, at 33,806.30, the S&P 500 was down 38.75 points, or 0.90%, at 4,244.99
 "Nasdaq leads Wall Street lower as rate hike worries spark tech rout")
Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers")
ReNew Power raises $1 billion through ECB for battery-enabled project
Gurgaon-based ReNew Power has raised a $1-billion project loan through external commercial borrowings, tying up with 12 international banks for the finance.
 "ReNew Power raises $1 billion through ECB for battery-enabled project")
Wall Street: S&P, Nasdaq jump 2% as cooling inflation eases rate hike bets
Fed now seen delivering 50 bps hike in September; US consumer price growth unchanged for July; Musk sells Tesla shares worth $6.9 bn; volatility index hits lowest in over 3 months
 "Wall Street: S&P, Nasdaq jump 2% as cooling inflation eases rate hike bets")
Nasdaq slides 1% as chipmaker Micron's warning rekindles tech rout
Micron falls on lowered revenue forecast; semiconductor stocks drop for third session, down 27.3% YTD; Novavax falls 29% after cutting revenue view by half
 "Nasdaq slides 1% as chipmaker Micron's warning rekindles tech rout")
Nasdaq rises 1% as dip in yields supports megacaps; Nvidia, Palantir drop
US Senate approves bill on climate change, drug costs; Nvidia drops as slump in gaming demand hits Q2 revenue; Tyson Foods down on quarterly profit miss; Palantir drops on forecast cut
 "Nasdaq rises 1% as dip in yields supports megacaps; Nvidia, Palantir drop")
Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood
The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation
 "Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood")
Wall Street rises on tech, earnings boost as recession fears ease
US service sector unexpectedly picks up in July; PayPal rises after bumping annual profit outlook; Apple gains 3.5%, Microsoft adds 2.7%; Moderna jumps on $3 bn share buyback plan
 "Wall Street rises on tech, earnings boost as recession fears ease")
Robinhood shares jump 13% after job cuts, smaller-than-feared loss
Analysts welcomed Robinhood's bid to get its expenses under control, suggesting the move could be positive for the company's flailing stock
 "Robinhood shares jump 13% after job cuts, smaller-than-feared loss")
Wall Street struggles to gain as earnings-driven rally peters out
US manufacturing sector slows modestly; PerkinElmer rises on $2.45-bn divestment
 "Wall Street struggles to gain as earnings-driven rally peters out")
Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon
Apple sees continued strength in demand for iPhone; Amazon expects higher revenue in third quarter; Intel cuts annual forecasts, shares slide; consumer spending beats expectations in June
 "Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon")
Wall Street falls as Walmart warning rattles retail stocks; GE jumps
Walmart cuts profit forecast, drags retailers; McDonald's up as sales and profit top estimates; GE jumps on higher profit, Coca-Cola up on forecast raise
 "Wall Street falls as Walmart warning rattles retail stocks; GE jumps")
Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus
Nasdaq closed lower on Monday after a choppy session for US equities ahead of a big week of technology earnings reports while oil prices rose
 "Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus")
Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq
The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19
 "Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq")
Wall Street: Tesla keeps Nasdaq afloat, AT&T forecast weighs on S&P 500
Tesla shares rise as profit tops expectations; airlines slide after United, American report earnings; energy stocks lead sectoral declines
 "Wall Street: Tesla keeps Nasdaq afloat, AT&T forecast weighs on S&P 500")
Nasdaq boosted by growth stocks after Netflix's upbeat forecast, jumps 1.8%
Netflix gains on customer growth forecast; Baker Hughes falls on bigger quarterly loss; Tesla to report earnings after market close
R1-RCM to recruit 3,000 people by Dec; set up new centre in Chennai
According to company officials, the healthcare KPO (knowledge process outsourcing) was hiring for various positions across roles at the Chennai office
 "R1-RCM to recruit 3,000 people by Dec; set up new centre in Chennai")