Stock Market Updates

Major U.S. stock indexes closed lower on Wednesday, despite a brief bounce a day before that followed extreme volatility earlier in the week. U.S. stocks lost more steam Wednesday afternoon as bond yields rose and investors worried about potentially more pain to come from an unwinding of a popular "carry trade." Asian equities fell Thursday, continuing a bout of volatile trading as investors diges...

U.S. stocks finished higher on Tuesday, clawing back some losses from their worst day in nearly two years, as investors took a pause from concerns that the U.S. economy could be heading toward a recession. Major U.S. equities indexes rebounded on Tuesday following three turbulent days of trading that saw heightened levels of economic uncertainty send stocks tumbling. Yields on U.S. government debt...

U.S. stocks ended sharply lower on Monday as the global equities meltdown continued. On Monday, the S&P 500 and Nasdaq 100 dropped 3% each, while the Cboe Volatility Index “fear gauge” climbed by the most since 2018 to 38.57. Speculation about a looming US recession, an unwinding of artificial intelligence euphoria, and a surging yen leading to an unwind of carry trades had led to a three-day sell...

Investors dumped U.S. stocks on Friday, after a softer-than-expected jobs report heightened worries over slowing economic growth. A weak jobs report fueled worries that the Federal Reserve’s decision to hold rates at a two-decade high is risking a deeper economic slowdown. The tech-heavy Nasdaq Composite tumbled 2.4% Friday. That put the index in correction territory, or down more than 10% from it...

The S&P 500 started August under heavy pressure on Thursday as softer economic data placed recession fears back in the spotlight. U.S. stocks saw huge intraday swings on Thursday. According to one metric, it was the market's most volatile day since November 2022. The Nasdaq 100 saw its biggest one-day reversal since May 2022. Economists polled by FactSet project a net gain of 175,000 jobs — a touc...

U.S. stocks extended sharp gains Wednesday afternoon after the Federal Reserve, as expected, left rates unchanged at 5.25-5.5% for the eighth time and Chair Jerome Powell said a cut as early as September was a possibility. The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb 22. In late trading, Meta Platforms Inc. soared on a sales beat. Qualcomm Inc., the world’s biggest...

U.S. stocks ended mixed on Monday to kick off a busy week with several Big Tech earnings reports, the Federal Reserve’s interest rate decision and jobs report, all due later this week. The US Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week (July 30-31) but open the door to interest rate cuts as soon as September by acknowledging inflation has edged n...

U.S. stocks bounced Friday after a turbulent week for the S&P 500, as investors weighed fresh data on inflation from the Federal Reserve’s favored gauge. Stocks saw sharp gains after a fresh reading on U.S. inflation renewed investor optimism that the Federal Reserve may cut interest rates as soon as September. China’s industrial profits grew at a faster clip in June, official data showed on Satur...

The Dow posted modest gains, but the Nasdaq and S&P 500 booked a third straight day of losses, as investors remained cautious ahead of Friday's inflation update. US equities rallied earlier Thursday after data showed the pace of US growth picked up from the previous quarter — while moderating from last year. Gold fell more than 2% on Thursday, after a better-than-expected reading on U.S. gross dom...

U.S. stocks finished sharply lower on Wednesday, led by a 3.6% drop in the Nasdaq Composite, after disappointing earnings from megacap technology companies initiated a flight to safety by investors and sparked concerns that the AI optimism that has powered stock-market gains is losing steam. The U.S. PMI flash manufacturing output index fell to 49.5 in July - a six month low, unexpectedly slipping...

U.S. stocks finished lower on Tuesday as investors awaited earnings reports from Google parent Alphabet and electric-car maker Tesla after the closing bell. Small-cap stocks gained on Tuesday as a rotation out of megacap technology companies gathered more steam. In the kickoff to "Magnificent 7" earnings, Alphabet and Tesla both reported mixed quarterly results after the bell. US two-year yields f...

US stocks recovered after their worst week since April as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. Asian stocks bounced from one-month lows on Tuesday, with Taiwan's semiconductor shares taking a lead from a Wall Street recovery. Anant Raj Cloud, a wholly-owned subsidiary of the company, has entered into a MoU with GoogleLL...

Market Savera - 22/07/2024

Market Summary and forecast for the coming week by Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

US stocks ended lower across the board, with Dow and small-caps facing selling pressure as equities saw across-the board declines. The selloff in stocks intensified on Thursday as Wall Street got caught up in speculation about whether or not President Joe Biden will stay in the race for the White House. A shakeup of the Democratic ticket could make investors more uncertain about the election outco...

U.S. stocks finished mostly lower on Wednesday as a continued pullback in megacap technology stocks weighed on the S&P 500 and Nasdaq Composite. The Biden administration said it was considering stricter export restrictions to China, while Donald Trump took aim at Taiwan's dominance in the chip-manufacturing industry. Traders now see 100% odds the Fed will lower rates in September. The Internationa...

U.S. stocks ended higher on Monday, as traders increased their bets on the possibility of a Donald Trump victory in November's U.S. presidential election following a failed assassination attempt over the weekend. The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September also helped feed risk appetite. The Indian government has raised the wi...

U.S. stocks closed higher Friday after paring gains in the final stretch of trading, with all three major indexes rising for the week. Consumers’ optimism about the economy fell to an eight-month low in July over frustration with high prices, even though they expect inflation to slow over the next year. U.S. stock-index futures saw a modest rise Sunday night, as financial markets opened for the we...

Domestic equity indices continued their upward trajectory for the sixth consecutive week. Investors now look forward to the Q1 earnings season that started this week and the upcoming budget announcement scheduled for July 23rd, which could provide further direction for the market. Multiple tailwinds led the market to come out of its range-bound trajectory. The strong result from the IT bellwether...

The Nasdaq ended sharply lower on Thursday, hit by losses in Nvidia, Apple and Tesla as investors went for smaller companies after softer-than-expected inflation data raised bets the Federal Reserve will cut interest rates in September. Stocks finished trading Thursday with the Dow Jones Industrial Average clinging to a small gain while the S&P 500 dropped and the Nasdaq plummeted. The US consumer...

U.S. stocks rose to new milestones on Wednesday, with the S&P 500 finishing above 5,600 for the first time and the Nasdaq Composite securing its 27th record close of 2024. Helping to fuel some of the risk-on sentiment from investors was the sense that the Federal Reserve might be willing to cut interest rates multiple times through January to support the economy. Jerome Powell told Congress that t...

U.S. stocks finished mostly higher on Tuesday with the S&P 500 and the Nasdaq Composite reporting small gains to end at record levels, while the Dow Jones Industrial Average fell for a second session. Investors on Tuesday digested Federal Reserve Chair Jerome Powell’s remarks to Congress, which did little to change market bets that policymakers may be able to start cutting interest rates in Septem...

The S&P 500 and Nasdaq achieved record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season. Investors have been pouring into bond funds in the US this year as interest-rate cuts begin trickling out from global central banks. Bond funds have attracted nearly $400 billion in net inflows alread...

U.S. stocks finished higher Friday, with the S&P 500 notching a record high to close out a week of gains following the July 4 holiday. The S&P 500 booked its 34th record close of 2024, while the Nasdaq logged its 24th all-time closing high this year. New data showing U.S. labor market weakness boosted expectations for interest rate cuts as early as September. Natural-gas futures posted a nearly 11...

Nifty formed a bullish candle on July 05 forming a bullish counter attack type pattern. On weekly basis, Nifty rose 1.30%, rising for the fifth consecutive week. Nifty could now attempt to cross the previous resistance of 24401 to later gradually move towards the next target of 24960, while 24164 could be the near term support.