NASDAQ Financial News

Stocks gave up early gains and closed lower, a downbeat end to the market’s first losing month since February

Federal Reserve could pause its monetary tightening. The Dow Jones Industrial Average rose 18.85 points, or 0.05%, at the open to 34,909.09. The S&P 500 opened higher by 2.14 points, or 0.05%, at 4,517.01, while the Nasdaq Composite gained 22.23 points, or 0.16%, to 14,041.54 at the opening bell.MORE TO COME...

(Reuters) — U.S. stock index futures extended gains on Thursday after data showed a closely-watched measure of inflation rose in line with expectations in July, keeping alive hopes for a pause in interest rate hikes from the Federal Reserve.

Investing.com — U.S. stock futures traded in a mixed fashion Thursday, as investors await the release of key inflation and unemployment data that could convince the Federal Reserve to pause on further interest rate increases.

This year’s rally in homebuilding stocks has outstripped even the AI-fueled tech boom, and if analysts are to be believed, that outperformance is set to continue.

Stocks closed modestly higher on Wall Street, chipping away at the market’s losses for August

Investors would closely watch the GDP data due later in the evening. «Given mixed global cues and derivatives monthly expiry, Nifty is likely to remain in consolidation mode while sector rotation would lead to stock-specific action,» 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 10 points, or 0.05 per cent, lower at 19,468.50, signaling that Dalal Street was headed for muted start on Thursday.

Indian stock market is expected to open higher on Thursday amid positive global cues. Asian markets gained following overnight rally on Wall Street as weak US GDP data resurfaced expectations of a pause in interest rate hike by the US Federal Reserve. Meanwhile investors will watch for India’s April-June quarter GDP data set to be released later today.

With just two trading days left in August, Wall Street’s three major indexes are on track to end the month with losses as fresh uncertainty surrounding the Federal Reserve's rate plans rattled investors.

By Shristi Achar A and Amruta Khandekar

Investing.com — U.S. stocks were gaining on Wednesday despite weaker than expected economic data as investors looked toward Friday's job report for August.  

Warren Buffett turned 93 today. Many money managers, be it on Wall Street or Dalal Street, have been big fans of his investing style and would have even mimicked it at some point. The year 2023 hasn’t been as rude as 2022 probably was, as US equities made a strong comeback and propelled Buffett’s portfolio.

General Motors Co. and Ford Motor Co.

Nvidia and other megacap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the U.S. Federal Reserve. The S&P 500 logged its strongest one-day gain since June 2, while the Nasdaq notched its strongest session since July 28, and both indexes closed at more than two-week highs. The sharp gains came after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Investors also parsed a report from the Conference Board showing consumer confidence in the United States fell to 106.1 in August, compared with expectations of 116. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. «Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us.

"Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry. Further, consistent selling by FIIs and poor monsoon in the month of August raised concern among investors, thus keeping the upside limited," 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 18 points, or 0.09 per cent, higher at 19,529, signaling that Dalal Street was headed for positive start on Wednesday.

Stocks closed higher on Wall Street as two economic reports suggested the economy is cooling enough for the Federal Reserve to pause hiking interest rates

Stocks closed higher on Wall Street as two economic reports suggested the economy is cooling enough for the Federal Reserve to pause hiking interest rates

Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however, was the contrasting stagnation of Bitcoin prices last week, reminiscent of the time prior to the filing of BlackRock’s spot Bitcoin ETF application.

The Dow Jones Industrial Average fell 28.86 points, or 0.08%, at the open to 34,531.12. The S&P 500 opened lower by 0.56 points, or 0.01%, at 4,432.75, while the Nasdaq Composite dropped 17.90 points, or 0.13%, to 13,687.23 at the opening bell.More to come....

European stocks gained for a second day as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies.

Stocks closed higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports