NASDAQ Financial News

Apoorva Mehta, more than a decade ago, is now a publicly traded company on the US stock exchange Nasdaq.Instacart, the San-Francisco-based startup, listed its shares on the Nasdaq on Tuesday at $30 a piece, aiming to raise $660 million at a valuation close to $10 billion. Although its market value at public listing was only a fraction of its 2021-valuation of $39 billion, the IPO coincides with a resurgence of optimism from tech companies towards the public market.

Here's how analysts read the market pulse: «Nifty has now fallen below the critical 21-day Exponential Moving Average (21EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600.

Today's price action will determine how we finish on weekly time frames, but the likelihood of an ugly close to the end of the week is high.

The broad-based S&P 500 finished at 4,320.06, down 0.2 percent for the day and 2.9 percent for the week. The Dow Jones Industrial Average dropped 0.3 percent to 33,963.84, while the tech-rich Nasdaq Composite Index lost 0.1 percent at 13,211.81.

Wall Street’s dismal run is getting a bit of a reprieve, and stocks are ticking higher

The Dow Jones Industrial Average rose 6.66 points, or 0.02%, at the open to 34,077.08.

Investing.com — The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserve’s hawkish tilt. Microsoft (NASDAQ:MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer.

WARSAW — When it comes to financial crime, banks can often be «one decision away from a huge mess,» Martin Markiewicz, CEO of Silent Eight told CNBC.

IPO) due to volatile market conditions, a person with direct knowledge of the matter told Reuters. The person spoke on condition of anonymity as the information is not yet public.

investment bankers for flogging their vision, at the alchemical process of divvying up shares to new investors and at the money left on the table when the price of a company’s shares soars as soon as they begin trading on an exchange. Many plans have been hatched to improve the process, with varying degrees of success. When going public in 2004 Google botched a “Dutch" auction for its shares, which started with the highest bid and worked downwards, rather than upwards, to a price that matches the supply of shares to investors’ demand.

US Fed’s hawkish stance in its policy meeting. «Uncertain global cues and persistent selling by FIIs are likely to keep markets under pressure in the near term. It would be better to prefer defensive sectors for some time until the market stabilizes,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded lower by 30.5 points, or 0.16 per cent, at 19,692.50, signaling that Dalal Street was headed for positive start on Friday.

Investing.com — U.S. stock futures were trading in a tight range during Thursday's evening deals, after major benchmark averages extended declines during the regular session as higher Treasury yields sapped risk appetite.

By Noel Randewich and Lewis Krauskopf

By Ankika Biswas and Shristi Achar A

Stocks finished lower yesterday, following more hawkish-than-expected projections from the Fed for 2024 and 2025. The Fed anticipates rates to be at 5.1% by the end of 2024, signaling just 50 basis points of rate cuts next year.

Investing.com — U.S. stocks seen lower, while the dollar soars and U.S. bond yields head higher after the Federal Reserve suggested interest rates will stay higher for longer in the wake of its latest policy decision. The Bank of England faces a tricky rate decision, while the Swiss National Bank halted its rate-hiking cycle.

(Reuters) — European shares fell on Thursday, tracking overnight losses on Wall Street after the U.S. Federal Reserve signalled higher-for-longer interest rates and ahead of rate decisions from the Swiss National Bank, Riksbank, Norges Bank and Bank of England.

Sensex lost 242 points on Monday, 796 points on Wednesday and over 600 points on Thursday, taking the total loss to 1532 points this week. The market was shut on Tuesday to mark Ganesh Chaturthi festival. In the meantime, the market capitalisation of all companies listed on BSE has also fallen to Rs 319.5 lakh crore, taking the total investor wealth erosion to Rs 3.9 lakh crore. Last night, the US Federal Reserve didn't opt for an interest rate hike but projected one more 25-basis-point rate hike this year and 50 bps of rate cuts in 2024, versus 100 bps of 2024 cuts in June projections. The markets are likely to remain under pressure till they adjust and digest the fact that interest rates are actually not going down in a hurry. «We believe that high-interest rates are not good for the markets.

All three major U.S. stock indexes retreated in the wake of announcement, with interest rate sensitive megacap stocks Microsoft Corp, Apple Inc and Nvidia Corp pulling the Nasdaq down most. The Fed's announcement was accompanied by its Summary Economic Projections (SEP) and dot plot, which sees an additional 25 basis point rate hike this year, peaking in the 5.50%-5.75% range. The SEP projections also called for 50 basis points of rate cuts next year. «It's your standard Fed day volatility,» said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska.

Read More)The offer for sale (OFS) in SJVN is set to commence tomorrow for non-retail investors, while retail investors will have the opportunity to bid starting on Friday. The government is planning to divest 4.92% of its equity in SJVN, which includes a Green Shoe option of 2.46%. This divestment will involve the sale of a 4.92% stake in SJVN, with a floor price of ₹69 per share, over the course of a two-day offer for sale, as confirmed by an official source.

Investing.com — The Dow closed lower Wednesday, as surging Treasury yields put the squeeze on big tech after the Federal Reserve left interest rates unchanged, but leaned into higher-for-longer rate regime.