Lowe's Financial News

Stocks that were in focus include names like Hindalco, which fell 2.12%, Dixon, which rose 3.6%, and Inox Wind, whose shares jumped 8.40% on Tuesday.Here's what Amol Athawale, Vice-President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today:Hindalco — BuyOn daily and weekly charts, the stock is consistently holding higher high and higher low series formation, which is largely positive. Currently, the stock is comfortably trading above short-term averages and the texture of the chart suggests uptrend formation is likely to continue in the near future. For the trend-following traders now, 20-day SMA ( Simple Moving Average ) or 449 would act as a key support level.

Investing.com-- Gold prices steadied near one-month lows on Wednesday as worsening market sentiment and the prospect of more Federal Reserve rate hikes pushed investors into the dollar.

There is a rhythm to the markets, and market cycle lows support bull market recoveries. Recently, Ed Yardeni made a bold prediction that the S&P 500 index could hit a high of 5400 in 2024. 

Rockaway Beach Park in Queens, New York, has been temporarily closed for swimming and surfing following an incident where a woman suffered an apparent shark bite. The closure comes as a precaution due to recent shark activity, according to NYC Parks. The incident occurred around 6 p.m. on Monday, prompting an immediate response from emergency personnel. The woman, who remains unidentified, sustained a serious leg injury consistent with a shark bite, the New York City Fire Department said. “All indications appear to be a shark bite,” the fire department said. She was transported to Jamaica Hospital Medical Center and is reported to be in stable condition. This occurrence follows a series of similar incidents in the region. Just a month ago, five non-life-threatening shark bites were reported off Long Island, raising concerns among local officials and beachgoers. In response, shark patrols were intensified to ensure safety. Experts recommend certain precautions for swimmers to minimize the risk of shark encounters. Swimming in groups, staying relatively close to the shore, and avoiding areas with bait fish are advised by Gavin Naylor, director of the Florida Program for Shark Research. Statistics reveal that the likelihood of a shark attack remains low. The Florida Museum of Natural History reported only 57 confirmed, unprovoked shark attacks worldwide last year, with 41 of them occurring in the United States. New York experienced eight nonfatal incidents.

National Weather Service has issued a tornado warning for Barnstable County on Cape Cod until 12:30 p.m. It has also issued a warning for South Yarmouth, West Yarmouth, and Yarmouth Port. It is the third tornado warning for the state of Massachusetts for Tuesday.

By Gertrude Chavez-Dreyfuss and Samuel Indyk

GlobalFoundries (NASDAQ:GFS) topped earnings and revenue expectations for the second quarter, it revealed Tuesday.

Tata Motors on Tuesday said it will continue to remain focused on executing its strategy to deliver growth, profitability and free cash flows consistently. Addressing virtually Tata Motors shareholders at the company's 78th AGM here, chairman N Chandrasekaran also said that the domestic business is expected to achieve the 'zero debt' target by this fiscal while the subsidiary company JLR will achieve it in the calendar year 2024.

₹537 crore during Thursday's session. As per the NSE data, FIIs cumulatively bought ₹10,721.75 crore of Indian equities, while they sold ₹11,433.09 crore --- resulting in an outflow of ₹711 crore. Meanwhile, DIIs infused ₹8,809.11 crore and offloaded ₹8,271.80 crore, registering an overall inflow of ₹537.31 crore.

Shares of home improvement giants Home Depot (NYSE:HD) and Lowe’s Companies (NYSE:LOW) each fell about 1.5% in pre-open trading Tuesday after analysts at Telsey Advisory Group downgraded the stocks.

Gold hit a four-week low on Tuesday as the dollar climbed after weaker-than-expected Chinese trade data, while caution in the run-up to U.S. inflation readings this week also kept appetite for zero-yield bullion subdued.Spot gold was down 0.4% to $1,928.61 per ounce by 1200 GMT after hitting its lowest since July 11. U.S.

One of the world’s most valuable industrial metals, silver, could lose more of its luster as the economy it heavily relies on slows by the day.

The staunchest Bitcoiners, known in industry terms as long-term holders, now control more Bitcoin (BTC) than ever before, new data from blockchain analytics firm Glassnode has revealed.

Nifty to increase further to 20,500 by December 2023 after its US economics team recently modified their perspective from one of a 'mild recession' to one of 'no recession' in the US. In its analysis, the brokerage claimed that if this outcome occurs, it will allay the market's main worry and enable sustained valuation growth.

Some of the biggest names in commercial real-estate lending have all but turned off the spigot. Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real-estate investment trusts, have halted loans to any new borrowers. While these firms continued to provide financing related to existing loans, they didn’t originate any new loans during the first half of this year, according to the companies.

Redfin CEO Glenn Kelman says it's hard to fault the Fed for overdoing rate hikes when there are other persistent sources of inflation.

While the landmark ruling in the Ripple vs SEC case have sent waves through the crypto market, XRP price action has faced a disappointing bleed-out.

midcap and smallcap indices scored gains on Tuesday, August 8, amid weak global cues as China's weak economic data weighed on sentiment. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63. The index finally closed 107 points, or 0.16 per cent, lower at 65,846.50 while the Nifty ended 26 points, or 0.13 per cent, lower at 19,570.85, both snapping their two-day winning run.

Domestic benchmark index NSE Nifty ended 26.45 points down at 19570.85, while the BSE Sensex closed 106.98 points down at 65846.5. On the other hand, Banco Products, Hisar Metal Ind, Sabar Flex India, Pritika Auto Ind and PTC Financial stocks hit their fresh 52-week highs today.

In global market, the weak trend continued with spot gold edging lower to $1,934.02 per ounce. Investors remained cautious ahead of Thursday's US inflation readings. The US dollar climbed higher after weaker Chinese trade data, putting pressure on the yellow metal.

Motilal Oswal Asset Management Company (MOAMC) revealed that passive funds have gained market share from 1.4% of AUM in 2015 to over 17% today. MOAMC offers the widest range of passive funds in India with more than Rs 17,000 Crs in AUM across 30 Index Funds, ETFs, and FoFs. The survey conducted with more than 2,000 investors participating from across the country, shares insights on the usage and attitude of investors towards passive funds in India. The study also throws light on investors’ preference for SIPs over lumpsum investing, an affinity for index funds, and reliance on social media over news outlets in their investment decision-making, the fund house said. Key Highlights: