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US stocks surge on rate cut hopes ignoring France, South Korea political crises

Negative job growth estimations led to positive Fed rate cut expectations and record high US stocks, ignoring political turmoil in France and South Korea

The Dow finished above 45,000 for the very first time. Most of the gains were from larger tech and AI names like Nvidia and Microsoft.(Representational Image/Pixabay)
Published on Dec 05, 2024 08:36 AM IST

US stock market at record high as investors cannot keep calm after Fed rate cut

Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%.

Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Published on Sep 20, 2024 07:55 AM IST
AFP |

Why did the US stock market rally today?

The S&P 500 surged 2.3%, and the Dow Jones increased by 1.76% since Monday's rout as jobless claims boosted investor confidence.

Thursday stocks opened up slightly up in the three major indexes a day after the Dow Jones and the S & P 500 had their worst day of trading since 2022, amid a global market sell-off centered around fears of a U.S. recession. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on Aug 09, 2024 09:19 AM IST

Dow surpasses 40,000, world stocks hit record amid rate cut hopes

The Dow rose as high as 40,051.05 while the S&P 500 and Nasdaq also hit record highs in early New York trading before slowly losing steam.

The Dow Jones Industrial Average eclipsed 40,000 for the first time on Thursday as investors grow confident that the stock market rally can keep running on hopes the Federal Reserve will start cutting interest rates later this year.(Bloomberg)
Published on May 17, 2024 07:47 AM IST
Reuters |

Dow Jones Industrial Average hits record high of 40,000 points for first time

U.S. stocks are drifting Thursday as momentum cools following their jumps to records the day before

Dow Jones Industrial Average hits record high of 40,000 points for first time(Representational Image)
Published on May 16, 2024 08:31 PM IST
AP |

Wall Street poised to open with gains, all eyes to be on Tesla earnings report

Ahead of Tesla earnings Wall Street expected to open with gains

FILE PHOTO: FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo/File Photo(REUTERS)
Published on Apr 23, 2024 06:44 PM IST
AP |

Stock market today: Wall Street drifts as bitcoin bounces again

Stock market today: Wall Street drifts as bitcoin bounces again

HT Image
Published on Feb 28, 2024 10:54 PM IST
AP |

Stock market today: Wall Street drifts near its record levels as markets remain calm

Stock market today: Wall Street drifts near its record levels as markets remain calm

HT Image
Updated on Feb 27, 2024 12:31 AM IST
AP |

Stock market today: Wall Street climbs to erase almost all its losses for the week so far

Stock market today: Wall Street climbs to erase almost all its losses for the week so far

HT Image
Updated on Jan 19, 2024 09:28 AM IST
AP |

Stock market today: Wall Street slips as Treasury yields rise

Stock market today: Wall Street slips as Treasury yields rise

HT Image
Updated on Jan 17, 2024 09:56 AM IST
AP |

US, global markets fall on banking turmoil: Report

Most U.S. bank stocks fell between 2% and 4%, dragged down by Deutsche Bank, which fell more than 10%.

A sign for a Wall Street building is shown, (AP file photo)
Updated on Mar 24, 2023 06:54 PM IST
AP |

Reuters, Dow Jones move to unseal ZTE case records

ZTE, one of the world's top telecommunications equipment makers, pleaded guilty in 2017 to conspiring to violate U.S. export laws by illegally shipping U.S. goods to Iran.

A woman stands outside a building of ZTE Beijing research and development center in Beijing, China.(REUTERS)
Published on Jun 28, 2022 04:16 AM IST
Reuters |

Wall Street ends sharply lower as Target and growth stocks sink

It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.

The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.(AP)
Published on May 19, 2022 02:12 AM IST
Reuters |

Wall Street cheered by vaccine roll-out, mega M&A activity

Shipments of the Pfizer-BioNTech vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin on Monday.

Travel and leisure stocks are the worst hit by restrictions on movement due to the virus outbreak, and have reacted positively to any vaccine-related news.(Reuters File Photo)
Updated on Dec 14, 2020 09:56 PM IST
ByReuters | Posted by Srivatsan K C
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