Page 29 - Wall Street

Wall Street banks set to profit again when Fed withdraws pandemic stimulus

The Fed has been buying up government-backed bonds since March 2020, adding $4 trillion to its balance sheet, as part of an emergency response to the COVID-19 pandemic.

Wall Street scores biggest week since June on strong US retail sales

Wall Street scored its biggest week since June as strong retail sales boosted the risk appetite of equity market investors, despite surging inflationary pressures on the US economy.The S & P 500, which groups the top 500 US stocks, and the tech-heavy Nasdaq Composite both rose about 2% each for the week while the broad-based Dow Jones Industrial Average rose 1%.It was a second straight week of gains for the three indexes, putting a floor under a market that had a wobbly start for the fourth quarter as inflation from rallying commodity prices led to sharp swings in stocks since the start of October.Friday's run-up came after US retail sales numbers for September released by the Commerce Department showed a growth of nearly 14% on the year and a steady monthly expansion of 0.7% since August.Economists polled by US media had expected a monthly decline of 0.2% for September retail sales due to challenges from the coronavirus pandemic, especially inflation. But almost every key sector .

Wall Street ends higher as Goldman rounds out parade of strong bank results

The Dow Jones Industrial Average rose 384.83 points, or 1.10%, to 35,297.39

Wall Street climbs on strong Goldman earnings, retail sales data

Airlines, cruise operators jump on easing of US travel curbs; retail sales up 0.7% in September despite shortages

World shares gain after technology-powered rally on Wall Street

Shares were mostly higher in Europe and Asia on Friday after technology companies powered the biggest rally on Wall Street since March. Investors have been encouraged by strong earnings reports, as every S&P 500 company that has reported earnings this week has beaten forecasts. Overall, it is safe to say that the U.S. equity market is fully in a risk-on mode and traders aren't afraid in backing riskier assets," Naeem Aslam of Avatrade said in a commentary. Inflation remains a key concern, and Friday will bring an update on how higher prices may be affecting consumer spending when the Commerce Department releases retail sales for September. Germany's DAX edged 0.2% higher to 15,493.34 and the CAC 40 in Paris climbed 0.4% to 6,712.55. Britain's FTSE 100 added 0.2% to 7,224.41. The future for the S&P 500 was 0.3% higher while the contract for the Dow industrials gained 0.4%. In Asian trading, Tokyo's Nikkei 225 added 1.8% to to 29,068.63 and the Hang Seng climbed 1.5% to ...

Asian shares track Wall Street gains after strong US corporate earnings

Oil prices were at multi-year highs, a drag on growth in energy-importing markets in north Asia, but good news for some energy-exporting markets in Southeast Asia

Wall Street ends up sharply as earnings, economic data lift optimism

The Dow Jones Industrial Average rose 532.21 points, or 1.55%, to 34,910.02

Sensex sprints 569 pts, ends at 61,306; Nifty atop 18,300; IRCTC gains 11%

The BSE m-cap stood at Rs 272.8 trillion by close

Wall Street: Tech stocks lift Nasdaq, banks weigh on S&P 500, Dow Jones

JPMorgan falls, BlackRock gains on strong Q3 earnings; Apple falls after report of lower iPhone production

Fag-end buying lifts Sensex 149 pts; Nifty near 18K; Titan soars 6%, SBI 3%

Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index

Surging oil prices lift material, energy stocks on Wall Street

US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98

Sensex slips 340 pts from new high, ends 77 pts up; TCS drops 6%, RIL 0.6%

The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels

Wall St Week Ahead: Energy price spike adds market risk as earnings arrive

Stocks rebounded this week after Monday's losses left the S&P 500 down 5.2% from its record high hit in September

The kids are alright: finance's old guard sees generational change

Robinhood said at the end of last quarter it had 21.3 million active users, with an average age of 31, and that half of those were first-time investors

Stocks nudge higher after US employment growth slows sharply in September

Stocks looked set to hold most of the previous session's gains as investors welcomed the US Senate's temporary lifting of the debt ceiling

RBI's dovish policy gives Sensex 381-pts boost; RIL up 4%, IT stocks shine

The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment

Wall Street ends with solid gains; investors hail US debt-ceiling truce

The Dow Jones Industrial Average rose 1% to end at 34,760.34 points, while the S&P 500 gained 0.83% to 4,399.82

Sensex rises 488 pts in relief rally; Nifty Realty up 6%; Tata Motors 13%

In the broader market, the BSE MidCap and SmallCap indices added 1.7 per cent and 1.4 per cent, respectively

Wall Street ends sharply higher as Big Tech roars back; Nasdaq up 1.2%

Facebook bounces as services resume following outage; tech and financials among top advancers

Nasdaq ends sharply lower; rising Treasury yields sink Big Tech

The Dow Jones Industrial Average fell 0.94% to end at 34,002.92 points, while the S&P 500 lost 1.30% to 4,300.46