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
Tesla stock continued to rally on Friday as the US markets opened, rising 4.43 per cent. Tesla shares listed on the Nasdaq index recorded an uptrend after the company reported a 17 per cent rise in third-quarter profits. Tesla shares opened at $257.69 when trading started at 09:30 am EDT. At 09:58 am EDT, they … Read more
Shah Capital Management, one of Veon Ltd.’s shareholders, has urged the wireless operator to list Ukraine’s largest mobile company Kyivstar and buy back shares to boost its stock performance. Shah Capital pushed for the listing of Kyivstar on the Nasdaq while citing the potential of “being the sole Ukrainian investment theme on the US equity … Read more
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
The main stock indexes turned higher in a choppy trading session on Wednesday as investors awaited the minutes of the Federal Reserve’s latest meeting, while Alphabet shares lost ground after the U.S. said it was considering breaking up Google. Shares of Alphabet fell 1.8%, limiting broader gains, after the U.S. Department of Justice said it … Read more
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
The upstart Texas Stock Exchange said it had hired executives from Charles Schwab Corp., Nasdaq Inc. and the New York Stock Exchange as it builds up a leadership team ahead of plans to begin operations next year. Cam Smith, a veteran of the US Securities and Exchange Commission who most recently worked for Inca Digital, … Read more
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
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
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