NASDAQ Financial News

Investing.com -U.S. stock futures were trading in a tight range during Wednesday's evening deals, following a pullback among major benchmark averages after Federal Reserve officials held rates and projected less rate cuts than expected for next year.

U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it

Check out the companies making headlines in midday trading.

The stock market declined yesterday, coinciding with a rise in rates on the 5-year and 10-year Treasuries to their highest levels since 2007. Ahead of the Fed meeting, the bond market is signaling that rates will likely remain high for an extended period.

By Ankika Biswas and Shristi Achar A

Investing.com -- Shares in online grocery delivery service Instacart (NASDAQ:CART) dipped in U.S. premarket trading on Wednesday, retreating from a 12.3% gain in their first day of trading in New York that pointed to a revival in new listings.

It has been a rough summer for investors, with markets pushing losses for the last few months. It's not all doom and gloom, with markets more range-bound than permanently damaged.

ARK Invest CEO Cathie Wood said she did not participate in Arm's blockbuster initial public offering last week because she finds the British chip designer was overvalued relative to its competitive position.

Question: I am an Indian resident employed with an Indian subsidiary of a US-based parent company listed in NASDAQ. The parent company has provided us with shares through ESOP schemes. Will the profits made on the sale of these shares be taxable in India? If yes, what are the holding period requirements for short-term and long-term capital gains and the tax rates for short-term and long-term gains in this case? Can we take the benefit of cost inflation indexation here? Answer: Any profit arising on the sale of shares allotted to you under the ESOP or any similar scheme is taxed under the head “Capital Gains" in India.

Federal Reserve convened for its much-anticipated two-day monetary policy meeting. All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. «It's a big set up coming into tomorrow and markets are clearly focused on any change in communication from the Federal Reserve,» said Bill Northey, senior investment director at U.S. Bank Wealth Management, Helena Montana, who expects «intense focus on the Fed's perspective on inflation in the post-meeting press conference.» «Broad inflation readings have shown marked progress over the last year,» Northey added.

record highs on Monday amid cautiousness in global markets. Investors will keep a close eye on US Fed Reserve policy, due later in the evening. «Market is showing strength and is sustaining above 20k levels. Overall, we expect the market to gradually inch upwards with minor profit booking at intervals,» 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 muted startGIFT Nifty on the NSE IX traded lower by 11 points, or 0.05 per cent, at 20,089, signaling that Dalal Street was headed for muted start on Wednesday.

₹1,236.51 crore in Indian equities on Monday as the Indian stock market ended on a muted note,. However, the DIIs continued to be net buyers and infused ₹552.55 in the Indian stock market.The Fed began its latest meeting on interest rates Tuesday, with an announcement scheduled for Wednesday. The overwhelming expectation is for the Fed to announce no change to rates.

Investing.com — U.S. stock futures were trading in a tight range during Tuesday's evening deals, following a negative session among major benchmark averages amid rising yields ahead of the Federal Reserve's key interest rate decision.

Investing.com — The Dow closed lower Tuesday, as Treasury yields rose to their highest level in more than a decade on fresh inflation concerns as investors awaited the Federal Reserve monetary policy update due Wednesday.

Stocks slipped as Wall Street waits for the Federal Reserve’s latest decision on interest rates

Instacart’s shares are surging in the grocery delivery company’s stock market debut

(Reuters) -Instacart's shares jumped 43% in their Nasdaq debut on Tuesday, giving the grocery delivery app a valuation of nearly $14 billion.

Investing.com — Instacart surged on its stock market debut on Tuesday as investors rushed to buy shares of the online grocery delivery company. 

Microsoft Corp. is narrowing the gap with Apple Inc. in the stock market as investors see better growth and far less China risk in the software giant. The Redmond, Washington-based company’s shares have outperformed the iPhone maker’s this month, bringing its market value closer to Apple, which is at the center of a flareup in tensions with China.

Instacart was set to be valued at about $13 billion in its Nasdaq debut on Tuesday, as the grocery delivery app's stock was indicated to open 30% higher from its initial public offering price. The San Francisco-based company's IPO was priced at the top end of its $28 to $30 price range, raising a total of $660 million in proceeds, out of which $237 million will go to investors who sold their shares in the offering. The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round. Instacart's strong debut, along with that of chip designer Arm and RayzeBio last week, could encourage other startups to test the waters and potentially revive the IPO market after a near 18-month dry spell. Instacart is debuting almost three years after kicking off preparations for going public and several startups have had to take a cut to their valuations since 2022 as inflation, geopolitical tensions and the Federal Reserve's rapid rate hikes soured the economic climate. The company's long slog to Nasdaq featured some key moments. In 2021, its co-founder Apoorva Mehta stepped down after seven years at the helm and named Fidji Simo, the former head of Meta's Facebook app, its CEO. Its core business also turned profitable in 2022, and the trend has continued in the first six months of 2023, the company disclosed in its regulatory filing last month. Goldman Sachs and J.P.

Fed policy meeting, stocks are drifting again in the US stock market. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.