Page 8 - Wall Street

Wall Street points higher on hopes for US debt ceiling breakthrough

Wall Street pointed toward gains before the bell on Friday, potentially setting up markets for their best week since March as optimism about a US debt ceiling deal grew heading into the weekend. Futures for the Dow Jones industrials and S and P 500 each rose 0.2 per cent in premarket trading. Hopes are high that the United States Congress would reach a deal to avoid defaulting on the nation's debt. President Joe Biden, in Hiroshima for the Group of Seven summit of major industrialised nations, has said he's confident about reaching a deal with Republicans to allow the US government to increase its credit limit and borrow more. The US government is scheduled to run out of cash to pay its bills as soon as June 1 unless a deal is made, and economists say a US federal default could have catastrophic consequences across financial markets and the economy. Stocks have remained remarkably resilient since early April despite a long list of worries. A major reason for that is hope the Fede

Domino's Pizza beats quarterly sales estimate on price hikes, steady demand

Shares of the company rose about 5% in premarket trade

Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649

Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%

CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL

IT drags benchmarks lower for 3rd day; Sensex dips 159pts, Nifty near 17600

CLOSING BELL: Infosys, TCS and HCL Technologies, down 1.3 - 2.4 per cent, collectively accounted for a loss of 156 points on the BSE Sensex.

Sensex dips 184 pts as RIL, HDFC twins weigh; Avalon Tech tanks 9% on debut

CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.

Sensex snaps 9-day rally, sinks 520 pts; Infy cracks 9%; banks limit losses

CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.

Wall Street bank earnings under pressure after global banking crisis

Earnings per share (EPS) for the six biggest US banks are expected to be down about 10 per cent from a year earlier, analyst estimates from Refinitiv I/B/E/S show

Wall Street drops as job gains fuel rate-hike worries; Nasdaq falls 1.2%

First Republic slips as bank suspends preferred stock dividend; semiconductor stocks up; Samsung plans to cut chip output

A calmer Wall Street holds relatively steady ahead of US jobs data

Stocks are holding relatively steady Tuesday, as Wall Street continues to find more calm following its tumultuous swings in March. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down by 44 points, or 0.1 per cent, at 33,556, as of 9:50 a.m. Eastern time, while the Nasdaq composite was 0.1 per cent lower. Both the stock and bond markets have been steadying after swerving sharply through the first three months of the year. Many big questions still weigh on Wall Street, but the worst fears driven by the second- and third-largest US bank failures in history have abated following forceful actions by regulators around the world. Investors are still split on whether the US economy will fall into a recession and how badly profits for companies are set to fall. The biggest question remains what the Federal Reserve will do next with interest rates after hiking them furiously over the last year to get high inflation under control. A report ..

Washington turns to Wall Street to help rescue dying First Republic Bank

The scene was reminiscent of the last financial crisis, nearly 15 years ago: Faced with a blossoming emergency in the banking sector, worried regulators and policymakers in Washington turned to Wall Street for help. The anxiety this week centred on First Republic Bank in San Francisco, which was once the envy of the banking sector, with its wealthy and well-travelled clientele. Now the bank was reeling after some of those customers withdrew billions of dollars. As early as Tuesday, it became clear to policymakers that the First Republic needed to be rescued or it could fail, two people briefed on the matter told The Associated Press, speaking anonymously because they were not authorized to discuss details. The result was a swift agreement among the nation's leading banks to lay aside competitive instincts to come to First Republic's aid. With Washington greasing the wheels, a coalition of lenders put USD 30 billion in uninsured deposits into the California-based bank as a show of ..

Wall Street falls on banking crisis worries; First Republic Bank tumbles

Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%

Bank stocks drop and S&P 500 swings as Wall Street fear next fallout

Wall Street is worried about what may be next to topple following the second- and third-largest bank failures in U.S. history, and stocks are swinging sharply Monday as investors scramble to find someplace safe to park their money. The S&P 500 was virtually unchanged in morning trading, but only after tumbling 1.4% at the open. The sharpest drops were again coming from banks. Investors are worried that a relentless rise in interest rates meant to get inflation under control are approaching a tipping point and may be cracking the banking system. The U.S. government announced a plan late Sunday meant to shore up the banking industry following the collapses of Silicon Valley Bank and Signature Bank since Friday. The most pressure is on the regional banks a couple steps below in size of the massive, too-big-to-fail banks that helped take down the economy in 2007 and 2008. Shares of First Republic plunged 78%, even after the bank said Sunday it had strengthened its finances with cash ..

Trading in First Republic, Signature Bank halted after SVB collapse

Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks

Activists blast Biden's pick of Wall St insider Banga for World Bank prez

The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International

US jobless claims data fuels rate-hike angst, Wall Street slides

Claims remain low despite high-profile layoffs in the technology sector and other industries highly sensitive to interest rates

Qualcomm sees earnings below Street estimates as smartphone market sags

The stock, which initially rose 2.7% in after-hours trading, fell 3%

Sensex ends 224 pts higher in uneven trade, Nifty flat; Adani Ent skids 27%

CLOSING BELL: Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 per cent

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent