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US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points,…
US stock markets moved closer to record levels on Tuesday as easing oil prices shifted investor focus back to strong corporate earnings, AP reported.The S&P 500 rose 0.6 per cent and was on track to surpass its all-time high set last week. The Dow Jones Industrial Average gained 248 points, or 0.5 per cent, while…
US stock markets traded cautiously near record levels on Monday as rising oil prices and fresh tensions around the Strait of Hormuz kept investors on edge, AP reported.The S&P 500 slipped 0.1 per cent after touching an all-time high, while the Dow Jones Industrial Average fell 216 points, or 0.4 per cent, as of 9:35…
NEW DELHI: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts.The developments related to the West Asia conflict and the Strait of Hormuz will also be tracked by investors, they said. Counting of votes for the five…
Foreign investors continued their selling spree from Indian equities in April, pulling out Rs 60,847 crore from the market. This comes after a massive sell-off in March, when overseas investors had already offloaded shares worth Rs 1,17,775 crore, according to National Securities Depository Limited data. The back-to-back withdrawals have pushed cumulative foreign portfolio investor (FPI)…
Wall Street moved higher on Friday and edged closer to fresh record highs as strong quarterly earnings from Apple, Estee Lauder and other companies lifted sentiment while a mild retreat in oil prices offered additional support.The S&P 500 rose 0.6 per cent, extending gains after closing at an all-time high on Thursday. The Dow Jones…
The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…
US markets traded mixed on Thursday as strong corporate earnings helped Wall Street stay near record highs despite sharp swings in crude oil prices linked to the Iran war, AP reported.The S&P 500 rose 0.1 per cent and remained just below the all-time high touched earlier this week. The Dow Jones Industrial Average gained 413…
US markets opened on a mixed note Tuesday, with the Dow Jones holding modest gains while the Nasdaq retreated as pressure on technology shares offset strength in defensive names and select consumer stocks.By 9:59 am ET, the Dow Jones Industrial Average was up 57.59 points, or 0.12 per cent, at 49,225.38. The S&P 500 slipped…
Asian markets traded mixed on Monday, with Japan’s benchmark index scaling fresh highs, as investors balanced strong cues from Wall Street against rising oil prices and geopolitical uncertainty.Japan’s Nikkei 225 surged 1.4% to 60,564.18, hitting a new intraday record, while South Korea’s Kospi jumped 2.1%.Taiwan’s Taiex also rallied 2.6%, supported by renewed buying in technology…
