The US dollar climbed to a 16-month high Monday while US stocks slipped in midday trading after a strong opening
The Dow Jones Industrial Average rose 28.52 points, or 0.08%, at the open to 36,128.83
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Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent
Global stock markets were mixed Tuesday after Wall Street hit a record for an eighth day. London opened little-changed while Frankfurt, Shanghai and Hong Kong advanced. Tokyo and Sydney declined. On Wall Street, the future for the benchmark S&P 500 index was up less than 0.1%. US stocks were boosted Monday by gains for construction-related stocks after Congress last week approved a $1 trillion infrastructure bill. Meanwhile, the deputy chairman of the Federal Reserve, Richard Clarida, said conditions to raise interest rates might not be met until late next year. Traders worry a spike in inflation might prompt central banks to withdraw stimulus that helped to boost stock prices. Investors will be on the lookout for any clues that signal an adjustment to central banks' taper process and rate hikes expectations, Anderson Alves of ActivTrades said in a report. In early trading, the FTSE 100 in London lost less than 0.1% to 7,298.82 and the DAX in Frankfurt advanced 0.1% to 16,070.01.
Vedanta had earlier said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security
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The Dow Jones Industrial Average was down 114.93 points, or 0.32%, at 35,937.70
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The broader markets also logged strong gains, with the Midcap index up 1.8 per cent and the Smallcap index adding up 1.1 per cent
Investors are weighing whether momentum from stock market's record-breaking rally will continue in last two months of 2021, a traditionally strong calendar period for equities
The Dow Jones Industrial Average rose 89.08 points, or 0.25%, to 35,819.56
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Ford shares rose as high as $17.17 in early trading Thursday after closing Wednesday at $15.51
Dow down 0.74%, S&P 500 down 0.51%, Nasdaq unchanged
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