Business

February 25, 2023 6:19 PM

US stocks main indexes end sharply down, post biggest weekly drop of 2023

US stocks main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday. The three major US indices fell as investors braced for the possibility of more aggressive rate hikes from the US Federal Reserve as U.S. economic data pointed to resilient consumers. The Dow Jones Industri...

February 24, 2023 6:16 PM

Wall Street ends higher as S&P snaps losing streak

Wall Street entered positive territory on Wednesday, with the S&P 500 snapping a four-session losing streak, as investors grappled with how interest rate policy might affect the U.S. economy. The Dow Jones Industrial Average gained 0.3 percent, the S&P 500 rose half a percent and the...

February 21, 2023 7:09 PM

Brent crude oil prices steadies as demand hopes and supply curbs support

Brent crude oil prices on Tuesday steadied after early declines supported by better than expected business activity data as well as supply curbs and hopes for a Chinese demand recovery. In intra-day trade, Brent crude was trading at 83 dollars and 90 cents per barrel while WTI crude price was at 77 ...

February 21, 2023 6:56 PM

Gold up by Rs 185; Silver down by Rs 145

Gold price on Tuesday added 185 rupees at Multi Commodity Exchange for April contracts. The precious metal was trading at 56,030 rupees per 10 gram. While silver was down 145 rupees to trade at 65,605 rupees per kilogram for March Contracts when reports last came in. In the New York Mercantile Excha...

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