Nvidia set to replace Intel in the Dow Jones Industrial Average on November 8 — All you need to know

Nvidia set to replace Intel in the Dow Jones Industrial Average on November 8 — All you need to know

Artificial intelligence (AI) chipmaker Nvidia Corp will soon be part of Wall Street’s oldest three main equity benchmark indices, displacing no less than Silicopn Valley giant Intel, Bloomberg reported. Nvidia, which is “at heart of the artificial intelligence boom”, will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average from November 8, according … Read more

Wall Street week ahead: Spotlight on Q3 GDP, jobs report, earnings from five megacaps

Wall Street week ahead: Spotlight on Q3 GDP, jobs report, earnings from five megacaps

Wall Street in the week ahead will see plenty of economic data and earnings reports from five megacap companies. On the economic front, investors will closely monitor US Q3 GDP numbers, the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures price index, and jobs report. Next week, stocks of five megacap companies — Apple, … Read more

Wall Street today: US stocks mixed after earnings from UnitedHealth, Bank of America

Wall Street today: US stocks mixed after earnings from UnitedHealth, Bank of America

Wall Street stocks were mixed on Tuesday as investors digested quarterly earnings from companies such as UnitedHealth and Bank of America. At 09:49 a.m. the Dow Jones Industrial Average fell 222.22 points, or 0.52 per cent, to 42,843.00, the S&P 500 gained 4.97 points, or 0.08 per cent, to 5,864.82 and the Nasdaq Composite gained … Read more

Wall Street week ahead: Investors eye inflation data, Fed minutes, Q3 earnings

Wall Street week ahead: Investors eye inflation data, Fed minutes, Q3 earnings

Next week on Wall Street will see several economic data including the important consumer prices inflation and Producer Price Index for last month. Investors will also have the minutes of FOMC (Federal Open Market Committee) from the September policy meeting. The economic data in the week ahead could give clues as to what to expect … Read more

Wall Street week ahead: Jobs data, Jerome Powell’s speech, manufacturing & services PMIs in focus

Wall Street week ahead: Jobs data, Jerome Powell’s speech, manufacturing & services PMIs in focus

Wall Street in the week ahead is expected to be guided by several economic data such as jobs report for September, S&P manufacturing and services PMIs. The employment numbers could impact investors’ views on the Federal Reserve’s next move at its monetary policy meeting on November 6-7. Market participants will also closely watch Fed Chairman … Read more

Wall Street week ahead: PCE index, flash services & manufacturing PMIs, Fed speakers’ comments to guide markets

Wall Street week ahead: PCE index, flash services & manufacturing PMIs, Fed speakers’ comments to guide markets

Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank speakers, including Fed … Read more

Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision

Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision

On Wall Street in the week ahead, market participants’ focus will be on the US Federal Reserve’s two day monetary policy meeting starting September 17. The US central bank is widely expected to slash interest rates for the first time since 2020. Following the Fed monetary policy committee’s decision on interest rates, Chair Jerome Powell … Read more

Wall Street week ahead: Investors eye inflation data, Apple event

Wall Street week ahead: Investors eye inflation data, Apple event

After Friday’s rout on Wall Street due to disappointing jobs data, in the week ahead investors will have three major economic reports to watch closely. A jobs report released by the US Labor Department on Friday showed a continued slowdown in the labor market. Next week, the economic calendar will feature reports on the consumer … Read more

Wall Street week ahead: Focus on Jackson Hole Symposium, Jerome Powell speech

Wall Street week ahead: Focus on Jackson Hole Symposium, Jerome Powell speech

Focus of Wall Street investors’ in the week ahead will be primarily on the Jackson Hole Economic Symposium to be held from August 22 to 24 inWyoming. Global central bank officials, including Federal Reserve Chair Jerome Powell, will speak at the symposium. The event will also see the participation from economists, financial market leaders and … Read more

Wall Street week ahead: Investors’ attention on PPI, CPI inflation numbers, Walmart earnings

Wall Street week ahead: Investors’ attention on PPI, CPI inflation numbers, Walmart earnings

After the rout in stock markets last week, Wall Street investors’ attention in the week ahead will be on inflation readings with the Producer Price Index and the Consumer Price Index data slated to be released on Tuesday and Wednesday, respectively. The week ahead will also see some more significant economic data including retail sales … Read more