Market Updates

US stocks close in a sea of red as tax hike fears grow

 US stocks close in a sea of red as tax hike fears grow

US stocks closed the week in a sea of red on Friday, September 17, after technology shares led the broad losses across segments and tax hike fears dragged the benchmark indices down. The S&P 500 fell 0.91% to 4,432.99. The Dow Jones fell 0.48% t...

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S&P 500, Nasdaq close at record highs after Powell's dovish remark

S&P 500, Nasdaq close at record highs after Powell's dovish remark

The S&P 500 and tech-heavy Nasdaq closed the trading week at all-time highs on Friday, August 27, after Federal Reserve Chairman Jerome Powell cautioned against overreaction to inflation, reiterating that the bank would start tapering monetary su...

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US stocks drift on Fed's taper concerns, mixed economic data

US stocks drift on Fed's taper concerns, mixed economic data

The benchmark US stock indices slipped on Thursday, August 26, after mixed economic data and concerns over Fed's likely tightening of its asset-buying program weighed on investors' minds. The S&P 500 was down 0.58% to 4,470.00. The Dow Jones fel...

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US markets extend gains as tech, financial stocks rise

US markets extend gains as tech, financial stocks rise

All major US stock markets closed higher on Wednesday, August 26, pulled up by gains in technology and financial sectors. The blue-chip S&P 500 and tech-heavy Nasdaq Composite closed at record highs for the third consecutive day, buoyed by a posi...

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US stocks rise on vaccine hopes, positive economic outlook

US stocks rise on vaccine hopes, positive economic outlook

Benchmark S&P 500 and NASDAQ composite closed at record highs for the second consecutive day on Tuesday, August 24, after significant gains in consumer discretionary and energy segments. The S&P 500 was up 0.15% to 4,486.23. The Dow Jones ro...

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S&P 500, Nasdaq hit record highs after tech, energy stocks rally

S&P 500, Nasdaq hit record highs after tech, energy stocks rally

Benchmark US indices closed at record highs on Monday, August 23, pulled up by gains in technology and energy segments as investors turned their focus on riskier assets amid hopes of a faster economic recovery. The S&P 500 was up 0.85% to 4,479....

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US indices close higher as tech, consumer stocks rally

US indices close higher as tech, consumer stocks rally

Benchmark US indices closed higher on Friday, August 20, propelled by gains in technology stocks after investors ignored concerns of delta infections that threatened to halt the economic recovery. The S&P 500 was up 0.81% to 4,441.67. The Dow Jo...

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US stocks close flat after Fed's hawkish tilt

US stocks close flat after Fed's hawkish tilt

Benchmark US indices closed flat on Thursday, August 19, a day after Fed minutes revealed broad consensus on pulling back monetary stimuli but still to set a specific start date for the withdrawal. The S&P 500 was up 0.13% to 4,405.80. The Dow J...

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US stocks end lower after Fed minutes

US stocks end lower after Fed minutes

Benchmark US indices closed lower on Wednesday, August 18, amid concerns over the pace of economic recovery as delta virus spread rapidly. The S&P 500 was down 1.07% to 4,400.27. The Dow Jones fell 1.08% to 34,960.69. The NASDAQ Composite droppe...

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US stocks slip on retail data

US stocks slip on retail data

Benchmark US indices closed lower on Tuesday, August 17, dragged down by loss in mega-cap stocks and weaker-than-expected retail sales data. The S&P 500 was down 0.71% to 4,448.08. The Dow Jones fell 0.79% to 35,343.28. The NASDAQ Composite was ...

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US stocks trade flat on gloomy Chinese economic data

US stocks trade flat on gloomy Chinese economic data

Benchmark US indices traded near flat on Monday, August 17, after the latest Chinese economic data showed the country’s recovery rate in July was way below economists’ expectations. The grim outlook triggered investors’ concerns abo...

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