Market Updates

US stocks retreat on Omicron, inflation fears

 US stocks retreat on Omicron, inflation fears

US stocks slid on Tuesday, November 30, recording one of their worst performances in recent days as concerns over the new Covid-19 variant Omicron weighed on investors’ minds. The S&P 500 was down 1.90% to 4,567.00. The Dow Jones declined ...

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US markets close mixed as tech stocks take a hit, bond yields rise

US markets close mixed as tech stocks take a hit, bond yields rise

Benchmark US indices closed mixed on Tuesday, November 23, as technology stocks declined, and bond yields rose a day after Biden re-nominated Gerome Powell as Fed chair. The S&P 500 climbed 0.17% to 4,690.70. The Dow Jones was up 0.55% to 35,813...

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US stocks close mixed as Biden renominates Powell as Fed chair

US stocks close mixed as Biden renominates Powell as Fed chair

Benchmark US indices closed mixed on Monday, November 22, as President Joe Biden nominated Jereme Powell as the Federal Reserve chairman for the second time. The S&P 500 declined 0.32% to 4,682.94. The Dow Jones was up 0.05% to 35,619.25. The NA...

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US stocks slip as covid fears rise

US stocks slip as covid fears rise

Benchmark US indices closed mixed on Friday, November 19, as fresh covid fears gripped the country, dragging down the energy, financial, and real estate stocks in intraday trading. The S&P 500 was down 0.14% to 4,697.96. The Dow Jones fell 0.75%...

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US markets close mixed after jobs data

US markets close mixed after jobs data

Benchmark US stock indices closed mixed on Thursday, November 19, after the latest government data showed jobless claims and layoffs declined last week, showing signs of an economic recovery. The S&P 500 increased 0.34% to 4,704.54. The Dow Jone...

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US stocks retreat after lacklustre session

US stocks retreat after lacklustre session

The benchmark US indices closed in the red on Wednesday, November 17, after most stock segments declined in a lacklustre session.  The S&P 500 declined 0.26% to 4,688.67. The Dow Jones fell 0.58% to 35,931.05. The NASDAQ Composite was down ...

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US stocks close higher on upbeat retail sales data

US stocks close higher on upbeat retail sales data

Benchmark US indices closed higher on Tuesday, Nov 16, after the latest economic data showed retail sales rose to their highest level since March this year. The S&P 500 rose 0.39% to 4,700.90. The Dow Jones was up 0.15% to 36,142.22. The NASDAQ ...

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US stocks close flat ahead of big retail earnings

US stocks close flat ahead of big retail earnings

Benchmark US indices closed flat on Monday, Nov 15, ahead of big retail earnings this week and a positive global economic outlook increasing the bullish influence on the market. The S&P 500 closed flat at 4,682.80. The Dow Jones fell 0.04% to 36...

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US stocks close week higher as rate fears ease

US stocks close week higher as rate fears ease

Benchmark US indices closed the week on a positive note on Friday, Nov 12, lifted by technology and basic materials stocks after the Federal Reserve said it will keep the interest rates low for now. The S&P 500 was up 0.72% to 4,642.85. The Dow ...

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US stocks slip as inflation rises to 30-year high

US stocks slip as inflation rises to 30-year high

Benchmark US indices closed in the red on Wednesday, Nov 10, after the latest economic data showed inflation rose at an annualized rate of 6.2% last month, the highest increase in 30 years.   The S&P 500 was down 0.82% to 4,646.71. The...

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US stocks close in red as tech, financials slump after labor data

US stocks close in red as tech, financials slump after labor data

Benchmark US indices closed in the red on Tuesday, Nov 9, after strong rallies in recent days, dragged down by new economic data that confirmed inflation remained worryingly high. The S&P 500 was down 0.35% to 4,685.25. The Dow Jones fell 0.31% ...

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