NASDAQ Financial News

Stocks on Wall Street tumbled throughout September as renewed worries over inflation and fresh uncertainty surrounding the future path of the Federal Reserve’s interest rates rattled investors.

It seemed like nothing could stop the 2023 market rally. Then the third quarter arrived. Yields on longer-term government bonds soared, blunting the advance of a stock market powered by richly valued technology shares.

By Ankika Biswas and Shashwat Chauhan

Investing.com -- U.S. stock futures pointed higher on Friday, suggesting an extension of gains made in the prior session, although equities are still on track to slump to a negative September.

Investing.com — The Dow jumped Thursday, as investors bought the recent weakness in tech stocks just as the rally in Treasury yields paused ahead of key inflation data slated for Friday.  

Investing.com -- U.S. stock markets remain on course for a September slump heading into the final trading day of the month, despite a positive session on Wall Street on Thursday. As the latest quarter also draws to a close, a gauge of inflation closely-watched by the Federal Reserve will be in focus, while investors will be keeping an eye on a tense budget fight in Washington ahead of a possible government shutdown this weekend.

Investors were also watching developments in Washington to see whether U.S. lawmakers could avert a government shutdown. The recent move in Treasury yields to 16-year highs has loomed over the stock market, which has pulled back after the Federal Reserve last week signaled a hawkish long-term outlook for interest rates. The benchmark 10-year Treasury yield pausing at around 4.6% was bringing «relief,» said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Co. «Markets in general the last few days have been really, really choppy,» Stucky said. «A little bit of a counter trend rally is to be expected after three or four pretty sharply negative days.» The Dow Jones Industrial Average rose 116.07 points, or 0.35%, to 33,666.34, the S&P 500 gained 25.19 points, or 0.59%, to 4,299.70 and the Nasdaq Composite gained 108.43 points, or 0.83%, to 13,201.28. Among S&P 500 sectors, the communication services group gained 1.2%, while materials rose 1%.

«Going ahead, the weakness in the market is likely to extend till the worry over the elevated oil prices and higher interest rates remains, posing a risk to the earnings growth trajectory,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 25.5 points, or 0.13 per cent, at 19631.5, signaling that Dalal Street was headed for negative start on Friday.

Nifty50 was below the 19,550 level. Here's how analysts read the market pulse: «On the daily charts, we can observe that the Nifty has closed below the 19,600 – 19,550 zone where multiple supports were placed. This is a sign of further weakness. On the way down it can slip further towards 19,500 – 19,440, which is the 78.6% Fibonacci retracement level of the rise from 19,224 – 20,222.

Wall Street's main indexes opened lower on Thursday on persistent worries over prolonged restrictive monetary policy, while investors assessed economic data and awaited Federal Reserve chief Jerome Powell's remarks during the day. The Dow Jones Industrial Average fell 30.83 points, or 0.09%, at the open to 33,519.44. The S&P 500 opened lower by 4.86 points, or 0.11%, at 4,269.65, while the Nasdaq Composite dropped 49.48 points, or 0.38%, to 13,043.37 at the opening bell.

(Reuters) — U.S. stock index futures slipped on Thursday as soaring oil prices cemented the prospects for a prolonged restrictive monetary policy, while investors awaited economic data and Federal Reserve Chair Jerome Powell's remarks during the day.

Sanjiv Bhasin, Director, IIFL Securities, says “we have been buying Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards for the last 4-5 days and we intend to buy for the next 10 days. Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.” What levels do you see on Dixon Tech in the near term? Let me make a disclosure. In the last 4-5 days, we have had some select clients who have done a SIP in 5 stocks. Top amongst that is Dixon and they are very bullish. These are certain clients who are informed investors. Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards are the 5 stocks. A disclosure, we have been buying these in the last 4-5 days and we intend to buy for the next 10 days. Notwithstanding, Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.

Treasury yields and uncertainty about the path ahead for interest rates. Investors were also attuned to developments in Washington as divisions among U.S. lawmakers put the federal government at risk of a partial shutdown by the weekend. A possible shutdown has added to worries for stock investors as they grapple with benchmark Treasury yields that have climbed to 16-year highs after the Federal Reserve last week signaled a hawkish long-term path for interest rates. At the same time, as the S&P 500 has sharply pared its year-to-date gain, some investors are wondering if the market is close to a bottom. «At some point people will start to buy stocks for the fourth quarter, and the third-quarter selling might be almost done,» said Peter Tuz, president of Chase Investment Counsel. «At a certain level, people are going to get back in thinking the fourth quarter might be a pretty good one.» The Dow Jones Industrial Average fell 68.61 points, or 0.2%, to 33,550.27, the S&P 500 gained 0.98 points, or 0.02%, at 4,274.51 and the Nasdaq Composite rose 29.24 points, or 0.22%, to 13,092.85. During the session, the S&P 500 rose as much as 0.4% and fell as much as 0.8% before paring losses. Among S&P 500 sectors, the rate-sensitive utilities group fell most, dropping 1.9%.

«Markets saw some respite after the previous day’s sell-off but the pressure still continues given several concerns regarding rising interest rates, crude oil prices, and growth concerns in China,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 14 points, or 0.07 per cent, at 19,838.5, signaling that Dalal Street was headed for positive start on Thursday.

Investing.com — U.S. stock futures remained little changed during Wednesday night, following a mixed session on Wall Street as surging yields dampened risk sentiment.

Investing.com — The Dow closed lower Wednesday as rising Treasury yields continued to put the squeeze on stocks, though tech cut some losses to provide a semblance on optimism.    

By Ankika Biswas and Shashwat Chauhan

«Markets are likely to remain under pressure amid a sharp surge seen in U.S. 10-year treasury yields to 16-year highs of 4.5%. Also mounting concerns over China’s real estate sector, and FIIs offloading in domestic equities dampened the sentiment,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 19,737, signaling that Dalal Street was headed for muted start on Wednesday.

Investing.com — U.S. stock futures were trading slightly higher during Tuesday night trade, following a negative session for major benchmark averages.

By Jamie McGeever

China poses a conundrum for asset managers because while it is cheap and growing, there are risks when it comes to rule of law and transparency, said Evan Siddall, chief executive of the Alberta Investment Management Corp. (AIMCo).