NASDAQ Financial News

Investing.com -- The Federal Reserve is prepared to continue raising interest rates until it is convinced inflation is headed toward its 2% target, according to Chair Jerome Powell, who spoke Friday morning from the central bank’s annual meeting in Jackson Hole, Wyo.

U.S. stock indexes have been rattled in recent sessions as investors raised their bets the Federal Reserve will have to maintain its aggressive monetary tightening campaign for longer than currently expected to prevent a flare-up in inflation.

US Federal Reserve Chair Jerome Powell's speech at Jackson Hole. The domestic institutional investors (DIIs) were net buyers again and invested ₹1,414 crore during the session. As per the NSE data, FIIs cumulatively bought ₹10,929.61 crore of Indian equities, while they sold ₹15,567.82 crore --- resulting in an outflow of ₹4,638.21 crore.

US stocks opened higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair Jerome Powell at the Jackson Hole summit that could indicate the central bank's interest rate move at its next meeting in September. The Dow Jones Industrial Average rose 117.64 points, or 0.34%, at the open to 34,217.06. The S&P 500 opened higher by 13.07 points, or 0.30%, at 4,389.38, while the Nasdaq Composite gained 50.40 points, or 0.37%, to 13,514.37 at the opening bell.More to come....

By Amruta Khandekar and Shristi Achar A

Investing.com — U.S. stock futures traded higher Friday, bouncing back after the previous session’s hefty losses ahead of Fed Chair Jerome Powell’s key speech at the Jackson Hole symposium.

Technology stocks are in trouble, with the buzz around artificial intelligence set to be overshadowed by the effects of higher-for-longer interest rates, according to Bank of America Corp. strategists.

Investing.com — The Dow closed lower Thursday, sidestepping a rip-roaring move higher in Nvidia (NASDAQ:NVDA) as investors remain wary of making bullish bets a day ahead of potential clues on monetary policy from Federal Reserve chairman Jerome Powell at the upcoming Jackson Hole symposium.

Nasdaq after this week's sharp gains and as investors were nervous ahead of Federal Reserve Chair Jerome Powell's speech Friday. Shares of Nvidia ended barely higher after they hit a record high early in the session. The company late Wednesday gave a much stronger-than-expected forecast amid demand for its artificial intelligence chips and said it would buy back $25 billion in stock. All of the major S&P 500 sectors were down on the day, however, and an index of semiconductors dropped 3.4%. Central bankers and other economic leaders gathered Thursday for an annual symposium in Jackson Hole, Wyoming.

mortgage lender, which went public via a blank-check company merger just as mortgage rates have hit two-decade highs. Backed by SoftBank, Better completed its combination with special purpose acquisition company (SPAC) Aurora Acquisition Corp, capping a rocky deal that was first announced in 2021 but delayed amid regulatory scrutiny and layoffs at Better. The company hit the headlines in December 2021 after it laid off 900 employees via Zoom, and has since seen its profits dented as high mortgage rates have dampened demand for home loans. Aurora went public in March 2021. Shares in Better Home & Finance Holding Co, the newly merged entity, finished the session down 93.4% at $1.15. SPACs are shell companies that raise funds through a public listing with the goal of acquiring a private company and taking it public.

«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action in the broader market,» 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 18.5 points, or 0.10 per cent, higher at 19,311.50, signaling that Dalal Street was headed for positive start on Friday.

Wall Street closed lower, despite a blowout profit report from Nvidia, as bond yields rose ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell

Wall Street slumped to its worst day in three weeks, despite a blowout profit report from Nvidia

By Susan Mathew, Chavi Mehta and Chibuike Oguh

Wall Street is really suffering through the dog days of August.

Stocks are slipping on Wall Street, despite a blowout profit report from one of its most influential companies, after a couple mixed reports on the U.S. economy

By Hannah Lang

By Amruta Khandekar and Shristi Achar A

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«Overall, we expect global uncertainty to keep the market range bound. However, action could continue in banking and financial Services ahead of the RBI policy meeting minutes release and bank loan growth data,» 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 start GIFT Nifty on the NSE IX traded 7.5 points, or 0.04 per cent, higher at 19,512, signaling that Dalal Street was headed for muted start on Thursday.

When money was cheap in the quantitative-easing era, Big Tech names like Tesla Inc. and Netflix Inc.