Market Updates

Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

 Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

US stocks closed higher on Monday, May 23, lifted by gains in mega-cap technology and bank shares following eight straight weekly declines of the indices, the longest streak since the 2001 dot com bubble. The S&P 500 was up 1.86% to 3,973.75. Th...

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FTSE 100 moves higher, shrugs off weak consumer confidence data

FTSE 100 moves higher, shrugs off weak consumer confidence data

  UK Market: The UK stock market, coming out of the sluggishness of the last session, strengthened on Friday. Blue-chip FTSE 100 index was up by 0.19%, supported by stocks like Rentokil Initial Plc (3.61%) and Rolls-Royce Holdings Plc (3.02%). ...

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Dow, S&P, Nasdaq rally after selloff, oil drops; NVDA, AMD surge

Dow, S&P, Nasdaq rally after selloff, oil drops; NVDA, AMD surge

Benchmark US indices closed higher on Thursday, March 24, boosted by gains in big technology stocks as crude oil prices dropped more, lifting investors’ sentiments on Wall Street. The S&P 500 gained 1.43% to 4520.16. The Dow Jones rose 1.0...

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UK stock market tread water, Next Plc drop over 3% on lower guidance

UK stock market tread water, Next Plc drop over 3% on lower guidance

  UK Market: The UK stock market showed a cautious trade on Thursday with the blue-chip FTSE100 index marginally in red, weighed down by the disappointment of lower guidance from Next (LON: NXT) (-3.10%). The index received some support from st...

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Wall Street ends in the red, oil jumps; GME, AMC surge, ADBE tumbles

Wall Street ends in the red, oil jumps; GME, AMC surge, ADBE tumbles

Wall Street’s major indices closed in the red on Wednesday, March 23, as mega-cap stocks fell out of favor with risk-averse investors and benchmark crude futures jumped again. The S&P 500 fell 1.23% to 4456.24. The Dow Jones declined 1.29%...

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UK stock market turns lower as annual inflation surges to 30-year high

UK stock market turns lower as annual inflation surges to 30-year high

UK Market: The UK stock market turned lower on Wednesday. Annual inflation rose to 6.2% in February 2022, the highest level since March 1992. The blue-chip index FTSE 100 was down by 0.14%. Oil & gas-related stocks like BP Plc (3.80%) and Shell P...

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Wall Street closes higher on positive economic outlook; TSLA, PDD soar

Wall Street closes higher on positive economic outlook; TSLA, PDD soar

Wall Street’s main indexes closed higher on Tuesday, March 22, as technology, financials, and consumer discretionary segments saw a strong rebound amid upbeat quarterly results. The S&P 500 rose 1.13% to 4511.61. The Dow Jones gained 0.74%...

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US stocks retreat after Powell vows more rate hikes; XOM, CVX rise

US stocks retreat after Powell vows more rate hikes; XOM, CVX rise

US stocks kicked off the week lower on Monday, March 21, after Fed Chair Jerome Powell reiterated tough action on inflation and the EU weighed joining the US on banning Russian oil imports. The S&P 500 fell 0.04% to 4,461.18. The Dow Jones decli...

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Oil & gas stocks lead FTSE 100 higher

Oil & gas stocks lead FTSE 100 higher

UK Market: The UK stock market showed a mixed trend on Monday, with blue-chip FTSE 100 gaining around 0.50%, while the mid-cap focused FTSE 250 index was lower by around 0.70%. Most of the oil & gas-related stocks like Shell Plc (3.10%) and BP Pl...

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FTSE 100 marks the best weekly gain since Nov 2020

FTSE 100 marks the best weekly gain since Nov 2020

UK Market: The UK stock market went for a rollercoaster ride on the final day of the week. Blue-chip index FTSE 100 and other major indices during mid of the day’s trade was down by 0.50 to 1.50 per cent tailing the weakness in the European cou...

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FTSE 100 react positively to BoE’s rate hike of 0.25%

FTSE 100 react positively to BoE’s rate hike of 0.25%

UK Market: The UK stock market reacted positively to the BoE’s decision to hike interest rates by 25 basis points to 0.75%. The latest hike has brought the borrowing rates back to pre-pandemic levels. The blue-chip FTSE100 index was up by aroun...

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