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January 12, 2024 5:56 PM

Key US indices closed on lower note

Key US indices closed on a lower note on 11 Jan 2024, Thursday due to reports of inflation exceeding expectations and indications of a robust labor market, diminishing prospects for early interest rate cuts by the Federal Reserve this year. However, a decline in Treasury yields mitigated the extent ...

January 10, 2024 6:04 PM

Stocks Decline as Treasury Yields Rise; Focus on Potential Fed Rate Cut

The S&P 500 and Dow both declined yesterday, after a slight uptick in Treasury yields. Investors are closely monitoring potential Federal Reserve interest rate cut in 2024. The Dow Jones Industrial Average fell 0.4 percent and the S&P 500 lost 0.2 percent. The Nasdaq Composite index ...

January 10, 2024 4:56 PM

Indian Rupee Closes at 83.04 Against US Dollar in Forex Market

In the forex market, the Indian rupee today ended at 83 rupees and four paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was down at 102.40, in intra-day trade.

January 9, 2024 6:39 PM

Oil Prices Rise 2% on West Asia Tensions and OPEC Supply

Oil prices rose around two percent today after sliding in the previous session as markets weighed tensions in West Asia against demand worries and rising OPEC supply.         In intra-day trade, Brent crude was trading 1.90 percent higher at 77 dollars and 58 cents per barrel, while U.S. West Texas ...

January 9, 2024 6:37 PM

Gold and Silver Prices Surge in Domestic and Global Markets

Today, gold was trading higher at the Multi Commodity Exchange for February contracts. The precious metal was up 235 rupees to trade at 62,330 rupees per ten gram. Silver futures for March contracts was also up 53 rupees to trade at 72,480 rupees per kilogram when reports last came in. In the global...

January 9, 2024 6:23 PM

US Indices Close Higher: Nasdaq Surges 2.2%, S&P 500 Jumps 1.3%

The three major US indices ended higher yesterday. The Nasdaq recorded 2.2 percent gain as a fall in Treasury yields helped lift megacap stocks. The S&P 500 jumped 1.3 percent. The Dow Jones Industrial Average rose 0.6 percent as a sharp drop in Boeing shares kept gains on the Dow Industrial...

January 8, 2024 6:32 PM

Indian Stock Indices Drop Over 0.90% on Stronger US Data

Key domestic indices declined over 0.90 percent today due to widespread selloff as the euphoria over early rate cuts may wane following the stronger-than-anticipated US non-farm payroll data and the consequent increase in the U.S. 10-year treasury yield. Today, BSE Sensex ended below 72,000 mark and...

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