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Market updates
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FTSE 100 rallies ahead of BoE’s decision, markets bet on Fed rate hikes
June 16, 2022 01:35 AM AEST| By Rishika RainaUK Market: The UK stock market bounced back on Wednesday, with the blue-chip FTSE100 index gaining over 1.4%. Consumer stocks including Whitbread and WH Smith aided, the index with the declaration of their robust earnings. Markets are expec...
Wall Street ends mixed, Nasdaq recovers after rate jolt; FDX, ORCL rise
June 15, 2022 06:55 AM AEST| By Rupam RoyWall Street’s main indices closed mixed on Tuesday, June 14, after Nasdaq recovered from an initial slide as the central bank officials assembled to discuss a new rate plan at their monthly policy conclave. The S&P 500 fell 0.38% to 3,735....
UK Market turn cautious as real-term wages fall
June 15, 2022 12:57 AM AEST| By Priya BhandariUK Market News: The UK stock market edged lower on Tuesday, with the blue-chip FTSE 100 index losing over half a per cent towards the end of the session. Investors have turned nervous ahead of the central bank’s meetings. Experts are expecting...
S&P in bear market as stocks resume losses; COIN, RIOT fall sharply
June 14, 2022 06:56 AM AEST| By Rupam RoyUS stocks resumed their selloff on Monday, June 13, after a sharp fall in the previous session on inflation woes as investors braced for the Fed's third installment of interest rate hikes this week. The S&P 500 fell 3.88% to 3,749.63. The Dow Jo...
FTSE 100 slumps as GDP shrinks for second straight month
June 14, 2022 01:24 AM AEST| By Rishika RainaUK Market: The UK stock market turned lower on Monday, with the blue-chip FTSE100 index losing over 1.5%, hitting its lowest level in over a month. This happened after the Office for National Statistics (ONS) released the GDP monthly estimate fo...
Wall Street falls sharply after CPI data; DOCU, NFLX plummet
June 11, 2022 07:04 AM AEST| By Rupam RoyUS indices closed the week sharply lower on Friday, June 10, after the latest CPI data showed inflation surged at an annual pace of 8.6% in May, triggering a panic selloff in growth stocks. The S&P 500 fell 2.91% to 3,900.86. The Dow Jones decre...
FTSE 100 slumps as US inflation hit a fresh 40-year high in May
June 11, 2022 01:10 AM AEST| By Priya BhandariUK Market: The UK market plunged on Friday, with the blue-chip FTSE 100 index falling over 1.20%. The blue-chip index headed for one of its worst weeks of the year, with miners leading the losses after parts of Shanghai announced fresh COVID-19 curbs...
US stocks close lower ahead of inflation data; BABA, FCEL, FIVE decline
June 10, 2022 07:12 AM AEST| By Rupam RoyWall Street’s main indices closed lower on Thursday, June 9, as rising bond yields and downbeat sentiments over a possible adverse CPI data due this week weighed on the mega-cap growth stocks. The S&P 500 fell 2.38% to 4,017.82. The Dow Jo...
FTSE 100 extends losses ahead of ECB’s decision on interest rates
June 10, 2022 12:45 AM AEST| By Rishika RainaUK Market: The UK stock market was down for the third consecutive session on Thursday, with the blue-chip FTSE100 index losing over a per cent. The FTSE 100 index and the European stock markets were trading in the negative territory...
Tech stocks drag Wall Street lower as rate woes weigh; INTC, AMZN fall
June 09, 2022 07:24 AM AEST| By Rupam RoyUS stocks drifted lower on Wednesday, June 8, pulled down by technology shares as inflation, rising oil prices, and rate woes weighed on investors’ sentiment ahead of May CPI data. The S&P 500 fell 1.08% to 4,115.77. The Dow Jones was down...
FTSE 100 edges lower, weighed down by OECD’s weak growth forecast
June 09, 2022 01:56 AM AEST| By Priya BhandariUK Market News: The UK market moved lower on Wednesday, with the blue-chip FTSE 100 index falling around half a per cent. According to the latest report from the Organisation for Economic Co-operation and Development (OECD), the UK will be the worst-...
US stocks recover after Target's (TGT) margin warning; KSS, PLAY surge
June 08, 2022 06:52 AM AEST| By Rupam RoyUS stocks bounced back to close higher on Tuesday, June 7, after starting in the red on a downbeat retail outlook following Target Corp's (TGT) margin warning for the second quarter. The S&P 500 rose 0.95% to 4,160.68. The Dow Jones was up 0.80%...
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FTSE 100 gives up early gains, Pound slips to three-week lows
June 08, 2022 01:23 AM AEST| By Priya BhandariUK Market News: The UK market gave up some last session gains on Tuesday, with the blue-chip FTSE 100 index falling by 0.12 per cent. The British pound fell to its lowest level in nearly three weeks after Boris Johnson survived a “no confidence...
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FTSE 100 rallies after a long weekend
June 07, 2022 01:36 AM AEST| By Rishika RainaUK Market: The UK stock market moved higher on Monday, with the blue-chip FTSE100 index gaining over 1.2%. After a four-day long weekend, traders returned to the market in an optimistic mood, leading the index into the positive territory. T...
Wall Street edges higher as mega-cap gains; MSFT, CHWY stocks rally
June 03, 2022 07:11 AM AEST| By Rupam RoyBenchmark US indices closed higher on Thursday, June 2, lifted by gains in mega-cap stocks after Fed Vice Chair Lael Brainard outlined the central bank’s short-term rate strategy. The S&P 500 rose 1.84% to 4,176.82. The Dow Jones was up 1....
Wall Street starts June in red after jobs data; CRM, VSCO rise
June 02, 2022 07:03 AM AEST| By Rupam RoyUS stocks closed the first trading day of June in the negative territory on Wednesday as the latest economic data provided mixed signals, which didn’t help ease investors’ rate fears. The S&P 500 was down 0.75% to 4,101.23. The Dow J...
UK market slips into red ahead of long weekend
June 02, 2022 12:47 AM AEST| By Priya BhandariUK Market News: The UK stock market slipped into the red on Wednesday, with the blue-chip FTSE 100 index moving down by around half a per cent. Ex-dividend trades weighed on market sentiments ahead of a long weekend for Queen Elizabeth’s Platin...
Wall Street retreats after Biden-Powell talks; DXCM, AUY, UL rally
June 01, 2022 07:06 AM AEST| By Rupam RoyUS stocks closed lower on Tuesday, May 31, after an extended weekend break for the Memorial Day festivities as traders turned their attention to President Joe Biden’s talks with Federal Reserve Chairman Jerome Powell on inflation. The S&P...
FTSE 100 moves higher, led by sharp gain in Unilever
June 01, 2022 12:44 AM AEST| By Priya BhandariUK Market News: The UK stock market extended the gain on Tuesday, with the blue-chip FTSE 100 index moving up by around half a per cent. The multinational consumer goods company Unilever pushed the index higher after naming activist investor Nelson P...
UK market turn cautious, consumer stocks gain
May 31, 2022 12:05 AM AEST| By Rishika RainaUK Market: The UK stock market turned cautious on Monday, with the blue-chip FTSE100 index giving up early gains. The other European markets were trading in the positive territory after it was reported that China was planning to ease its Co...
AI on the Rise: A Look at Top AI Companies and Their Stocks