NASDAQ Financial News

Investing.com — Comments from Federal Reserve policymakers spark hopes that the central bank's campaign of interest rate hikes may soon be reaching a conclusion, albeit after a potential increase later this month. Elsewhere, Amazon kicks off its Prime Day sales event and Apple launches a store on megapopular Chinese messaging app WeChat.

Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading

market capitalization at $2.967 trillion, while shares of Alphabet and Amazon dropped over 2%. Microsoft and Tesla share prices fell more than 1% each. In a move to address “overconcentration of index", Nasdaq said it would carry out a “Special Rebalance of the index by redistributing the weights".

Apple, Microsoft and other heavyweight companies dipped on Monday after Nasdaq Inc said it would rebalance its Nasdaq 100 index to address the benchmark's «overconcentration.» Apple dropped 1.1%, leaving its market capitalization at $2.967 trillion. It closed above the $3 trillion threshold for the first time on June 30.

mutual funds rose to ₹8,638 crore in June, higher than May's ₹3,240 crore. Investors have been allocating more to small- cap funds in the last three months as they believe they will benefit the most as economic growth picks up. Investors continued to stagger their long-term investments using systematic investment plans (SIPs) with collections at ₹14,734 crore marginally lower than the previous month's ₹14,749 crore. Due to a rise in equity markets and inflows into equity schemes, assets under management (AUM) of the industry touched ₹44.82 lakh crore.

Investing.com — U.S. stock futures were trading in a tight range during Monday's evening deals, after major benchmark averages snapped 3 sessions of consecutive declines ahead of key inflation data and earnings results slated for release later in the week.

US Federal Reserve to increase interest rates by 25 basis points this month. Meanwhile, several Fed officials said additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the US central bank's current monetary policy tightening cycle is getting close, Reuters reported. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 11th July In Japan, Nikkei 225 gained 0.6% and the Topix rose 0.3%.

«With Q1 result season starting this week, we expect stock-specific action in the market, starting with the technology sector. Also, monsoon-related stocks are likely to remain in momentum,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19700 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 positive startGIFT Nifty on the NSE IX traded 29 points, or 0.15 per cent, higher at 19,485.50, signaling that Dalal Street was headed for positive start on Tuesday.

Investing.com — The Dow closed higher Monday, rebounding from a slip last week as investors awaited key economic data due later this week expected to show a slowdown in inflation ahead of the Federal Reserve's monetary policy meeting later this month.

Investing.com — The S&P 500 inched higher Monday ahead of inflation data this week that will play a role in the Federal Reserve’s thinking on monetary policy later this month.

By Caroline Valetkevitch

Stocks are drifting on Wall Street ahead of a week with updates on where inflation and corporate profits are heading

By Lawrence Delevingne and Nell Mackenzie

The S&P 500 fell 1.2% last week as analysts continue to warn that the stocks are due for a pullback. For the first time in 4 months, the S&P 500 lost at least 0.25% on two consecutive days.

Investing.com — U.S. stocks were mixed on Monday ahead of inflation data for June.

The Dow Jones Industrial Average fell 29.20 points, or 0.09%, at the open to 33,705.68.

Investing.com -- U.S.-listed shares in Chinese companies slipped in premarket trading on Monday, as concerns around the health of the world's second-biggest economy mount following weaker than anticipated inflation data.

Investing.com — Investors gear up for fresh U.S. inflation data that could impact Federal Reserve policy decisions, while quarterly results from big banks are set to unofficially start second-quarter earnings season. Elsewhere, producer prices in China fall at their steepest pace since 2015 and consumer prices stand on the edge of deflation, casting doubt over the health of the economy.

US equity futures fell and European stocks wavered at the start of a week in which inflation and interest rates will be in focus after soft price data raised fresh worries about China’s economic recovery.

Bond markets were still shaky after a recent vicious sell-off drove yields to multi-year highs across the developed world, making equities less attractive in comparison. The surge in yields put pressure on popular carry trades in the currency market which saw the Japanese yen rally sharply late last week, largely at the expense of the U.S. dollar.

profit booking in domestic equities dragged key indices down towards the end of the last week. Markets will likely take cues from first quarter earnings and inflation data, which will be released later this week. «Going forward, markets are likely to sustain the current momentum, as stock-specific action will pick up with the onset of the Q1FY24 earning season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19700 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 negative start GIFT Nifty on the NSE IX traded 20.5 points, or 0.11 per cent, lower at 19,437.50, signaling that Dalal Street was headed for negative start on Monday.