NASDAQ Financial News

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

«In the near term, we expect the market to trade in a broader range with buying seen at lower levels. Stock specific action is likely to dominate,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19200 to 19500 zones. 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 3 points, or 0.02 per cent, higher at 19,391.50, signaling that Dalal Street was headed for flat start on Tuesday.

(Reuters) — Arm, the British chip designer owned by Japan's SoftBank (TYO:9984) Group, on Monday disclosed its financial details in a filing with the U.S. Securities and Exchange Commission for an initial public offering.

Investing.com — The Dow closed lower Monday as weakness in consumer staples and energy offset an Nvidia-led rebound in tech despite a jump in Treasury yields to 16-year highs ahead of potential clues on monetary policy later this week.

Investing.com — The S&P 500 climbed Monday as Nvidia led a rebound in tech ahead of its quarterly results due Wednesday even as Treasury yields jumped to 16-year highs ahead of potential clues on monetary policy later this week.

Here's how analysts read the market pulse: “A rebound in the global market after a significant correction prompted buying in domestic equities, particularly within the IT sector. However, the potential for volatility to linger in the near term remains due to the increasing dollar index and elevated US bond yields, fueled by concerns about rate hikes. “Investors are keenly observing the commentary from the Fed Chair during its forthcoming summer conference for interest rate insights.

ChatGPT creator OpenAI in January. Google parent Alphabet unveiled a rival chatbot the next month. Companies hoping to develop their own artificial intelligence programs need to buy Nvidia’s chips, known as graphics processing units, to build them.

By Amruta Khandekar and Shristi Achar A

Investing.com -- Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall Street. Video conferencing group Zoom is due to report its latest quarterly earnings on Monday, while semiconductor giant Nvidia is on deck to unveil results on Wednesday. Elsewhere, China rolls out a new lending rate cut, but policymakers still face calls to do more to support the country's sputtering economic recovery.

S&P 500 (SPX) fell 2.1% last week to mark the third consecutive week of selling. The index now trades about 5% below the most recent high.

Investing.com — U.S. stock futures rose Monday, rebounding after a negative week with investors looking for guidance from the Federal Reserve’s annual get-together at Jackson Hole.

Megacap tech stocks slumped for a third straight week — the longest such streak in 2023 — as fears of higher global interest rates weighed on sentiment while bonds bounced off multiyear lows. 

SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question — will the company have «exponential growth» due to the boom in artificial intelligence as CEO Masayoshi Son claims? Since acquiring the chip designer in 2016, Son has positioned Arm as the tech investment conglomerate's crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI. Arm «is at the centre of a group of AI-related companies to generate synergies» and «85% of SoftBank Group assets are AI-related companies overseas,» he told investors in June. The billionaire also said he has spent months creating hundreds of inventions with AI-powered ChatGPT that he believes can be realised through Arm.

Wall Street's main indices ended mostly lower on Friday, capping off a losing week as the stock market's August struggles continue amid worries that the Federal Reserve will keep interest rates higher for longer.

Nifty settled below 65,000 levels at 64,949, down 202 points, while Nifty ended 55 points lower at 19,310. Sectorally, IT, Realty and healthcare indices posted the most drag, while Media, PSU Bank and FMCG indices ended with marginal gains.Here's how analysts read the market pulse:“Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the USD. Discouraging domestic industrial production, negative wholesale inflation, and elevated CPI inflation contributed to market volatility.

Wall Street limped to the finish line of its third losing week in a row

Wall Street limped to the finish line of its third losing week in a row

Wall Street fell for a third straight day as rising yields in the bond market keep cranking up the pressure

Wall Street limped to the finish line of its third losing week in a row

Instacart Inc. is planning an initial public offering as soon as September, according to people familiar with the matter, adding to a potential rebound for US listings. The largest US online grocery-delivery company could publicly file its plans for an IPO with the US Securities and Exchange Commission as soon as next week, said the people, who asked not to be identified because the information was private.

A Treasury rout that pushed 10-year yields close to the highest since 2007 has spurred what is now the biggest break in an $8 trillion equity rally that had sent the Nasdaq 100 up as much as 45% in 2023. Major US benchmarks just slid in a third straight week for the first time since December. While debate rages over why the bond market has turned dangerous again right now — inflation, Federal Reserve policy and the growth outlook are all in the mix — the issue for equity investors is less abstract.