DOW Financial News

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

ALSO READ: Oil records longest losing streak in 5 months, Brent drops 2% at $82; here's whyOn May 30 (Thursday), first revised GDP (gross domestic product) data for the first quarter will be released.May 31 (Friday) will see the release of personal income data for April and core PCE (personal consumption expenditure) index data for April.Following companies are due to report quarterly earnings in the week ahead— Box, CAVA Group, Bank of Nova Scotia, Salesforce, DICK'S Sporting Goods, Agilent, Chewy, HP Inc., Pure Storage, Capri Holdings, Okta, C3.ai, Abercrombie & Fitch, Best Buy, Birkenstock, Royal Bank of Canada, Dollar General, Foot Locker, Costco, Gap, Marvell, Dell, NetApp, Nordstrom, Genesco, and Frontline.A high profile cryptocurrency event named CoinDesk Consensus will be held on Wednesday.The event, aimed at solving crypto industry challenges, will see hard-hitting conversations with visionary speakers and hands-on workshops.ALSO READ: Yellow metal sees correction; short and long-term outlook remains positiveUS stocks rose on Friday on reports of improving consumer outlook on inflation.The Dow Jones Industrial Average rose 4.33 points, or 0.01 per cent, to 39,069.59. The S&P 500 gained 36.88 points, or 0.70 per cent, at 5,304.72 and the Nasdaq Composite advanced 184.76 points, or 1.10 per cent, to 16,920.79.For the week, the Dow dropped 2.34 per cent, the S&P edged up 0.03 per cent and the Nasdaq gained 1.41 per cent.The US dollar rose to 157.00 yen from 156.91 Japanese yen.

David Elias received a surprise in the mail earlier this month: a dozen baseball caps with Dow 40000 printed on the front and Elias on the back. The caps were a gift for a celebration that was 25 years in the making. Elias, who is 79 years old and lives in Williamsville, N.Y., predicted in his 1999 book, “Dow 40,000: Strategies for Profiting from the Greatest Bull Market in History," that the index would cross the milestone by 2016.

Also Read: Viral video: Thieves use bike to steal goods from moving truck, netizens draw Dhoom parallelOn this day in 1999, during India’s World Cup match against Sri Lanka in Taunton, Sourav Ganguly and Rahul Dravid forged a spectacular partnership of 318 runs for the second wicket. This stand set a record for the highest partnership in ODIs at the time.

stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight week of gains and record closing high. The Commerce Department said new orders for key U.S.-manufactured capital goods

Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high

Gautam Adani's cash cow Adani Ports and Special Economic Zone, the shares of which have nearly doubled in the last year, would soon be included in India's headline equity index Sensex.

Japan's Nikkei share average sank on Friday, tracking declines on Wall Street after robust U.S. economic data stoked bets that stubborn inflation may delay Federal Reserve interest rate cuts. The Nikkei sagged 1.17% to 38,646.11 as of the close, and had earlier dipped as much as 1.9%.

stocks, as the central bank's record dividend to the government kindled hopes of a reduction in the country's fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares rose 0.010% on Thursday.

Nvidia's plan to split its stock after the stunning rise in the chipmaker's share price could lure more interest from retail investors while potentially paving the way for the company's inclusion in the Dow Jones Industrial Average. Nvidia shares were soaring 10% on Thursday afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report included its revenue and forecast coming in above analyst estimates.

Nvidia fueled a surge in its shares, but that was overshadowed by economic data showing inflation was still a concern that could delay any Federal Reserve rate cuts. Nvidia shares jumped 9.32% to close above the $1,000 per share mark for the first time and helped boost the Nasdaq and S&P 500 to intraday records in the early stages of trading after the AI chip company forecast quarterly revenue above estimates and announced a stock split.

Sensex jumped 1,196.98 points, or 1.61%, to close at 22,967.65, while the Nifty 50 settled 369.85 points, or 1.64%, higher at 75,418.04.“We expect this positive momentum to continue on the back of an improving political environment, continued short covering by FIIs, and strong domestic macros. Sectors like Defence, Banking, and Railways are expected to remain in focus," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded lower on Friday tracking overnight losses on Wall Street.

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market

U.S. stock indexes drifted higher to set more records following another quiet day of trading

U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record

Read the full story here.)Sensex Today Live : Indian equity indices, Sensex and Nifty 50, are projected to open on a positive note on Tuesday, influenced by a blend of global indicators. Mixed trends were observed in Asian markets, while the US market mostly closed higher, with Nasdaq reaching a record high due to a tech stock rally preceding Nvidia’s results.Investors’ attention will be on Q4 results, the voter turnout in the current Lok Sabha elections, local and international macroeconomic data, foreign fund outflows, crude oil prices, and other global factors.The Indian stock market concluded a special trading session on Saturday with slight gains, buoyed by positive global indicators.

Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.

Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.

Miners kept Europe’s stock benchmark afloat on Monday after prices for copper and gold surged to all-time highs. Oil held gains as the market watched for any fallout from political ructions in two of the world’s major crude producers.

Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations. The brokerage previously expected the index to finish 2024 at 5,100 points. The new target, at the top end of its range of 5,100-5,500, is around 4% higher than the index's last close of 5,303.27.

The Dow Jones Industrial Average finished a day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning week