Benchmark indices Sensex and Nifty climbed to fresh record high levels on Thursday in line with firm global trends after the US Federal Reserve announced the first cut in policy rate in more than four years.Here’s how analysts read the market pulse:“Nifty index is facing a lot of resilience around the crucial resistance zone of … Read more
Wall Street‘s main indexes jumped at the open on Thursday, with the S&P 500 notching an intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon. The Dow Jones Industrial Average rose 469.5 points, or 1.13%, at the open to 41972.56. … Read more
The US Federal Reserve has announced a cut in interest rates for the first time since the pandemic, as was expected. According to the statement, the Federal Open Market Committee (FOMC) cut the rate by 50 basis points (50bps) in September for the first time in more than 4 years. This has brought the current … Read more
Wall Street‘s main indexes opened slightly higher on Wednesday, as the Federal Reserve was widely expected to deliver its first interest rate cut in more than four years, with most investors betting on a 50-basis point reduction. The Dow Jones Industrial Average rose 22.7 points, or 0.05%, at the open to 41,628.91. The S&P 500 … Read more
The S&P 500 and the Nasdaq opened lower on Monday, as caution set in on Wall Street ahead of the Federal Reserve‘s pivotal monetary policy decision, due later in the week, with a majority of traders pricing in a steep cut in borrowing costs. The Dow Jones Industrial Average rose 41.4 points, or 0.10%, at … Read more
U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its policy meeting next week. Futures tied to the Fed’s policy rate now reflect about a 47% chance the Fed will cut its policy rate by half … Read more
