Wall Street Live: Nasdaq, Dow Jones, S&P 500 rebound on Fed rate cut optimism
At 9:33 AM, the Dow Jones Industrial Average rose 301.22 points, or 0.69%, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78%, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99%, at 20,855.25.
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Hindustan Times
15 minutes ago
- Hindustan Times
NSA Ajit Doval meets Putin in Moscow day after Trump slaps tariffs
National Security Adviser Ajit Doval met Russian President Vladimir Putin at the Kremlin during his visit to Moscow for bilateral talks focused on security, economic, and energy cooperation. NSA Ajit Doval meets Russian President Vladimir Putin at the Kremlin.(Kremlin ) The meeting came a day after US President Donald Trump announced steep new tariffs on Indian imports in response to New Delhi's continued purchases of Russian crude oil. Trump, on Wednesday, signed an executive order imposing an additional 25 per cent tariff on Indian goods, effectively doubling the total tariff burden to 50 per cent. India has defended its energy trade with Russia, maintaining that its oil imports are 'driven by national interest and market dynamics.' In a video released by Russian state media outlet Sputnik News, Doval described India's relationship with Russia as 'very special,' underlining the depth of long-standing strategic ties between the two countries. 'We have got a very special relationship, long relationship and we highly value our strategic partnership. We have had high-level engagements and these have contributed very substantially,' Doval said. He also welcomed the announcement of an upcoming state visit by President Putin to India, saying summit meetings have historically marked key moments in bilateral ties. 'We are very excited and delighted to learn about the visit of His Excellency, the President of Russia, President Putin, to India. I think that the dates are almost finalized now. The more important thing is that the summit meetings have always been a watershed point,' Doval added. According to sources cited by news agency ANI, while Doval confirmed that plans for the Russian president's visit are underway, no specific dates were finalised during his engagements in Moscow. India and Russia continue to expand their defence cooperation. In 2018, India signed a $5.43 billion deal for five squadrons of the S-400 Triumf air defence missile system from Russia. So far, three squadrons have been delivered.
Mint
an hour ago
- Mint
Wall Street Live: Dow Jones, S&P 500, Nasdaq gain on tariff exemption hopes, Eli Lilly tanks 10%, Intel dips 3%
Wall Street stock indices opened higher on Thursday on hopes that major technology companies could avoid US President Donald Trump's tariffs on chip imports. As of 9:30 AM ET, the S&P 500 added 0.6%, the Dow Jones Industrial Average was up 0.4%, and the Nasdaq Composite was 1.1% higher. At the open, the Dow Jones Industrial Average rose 237.0 points, or 0.54%, to 44430.09. The S&P 500 rose 29.3 points, or 0.46%, to 6374.32, while the Nasdaq Composite rose 155.6 points, or 0.73%, to 21325.01. US President Donald Trump has announced a 100% tariff on imported computer chips, but he added "if you're building in the United States of America, there's no charge.' In the bond market, the yield on the 10-year Treasury was flat at 4.22%. Apple stock rose 3.1% after its CEO Tim Cook joined Trump at the White House on Wednesday to say it's increasing its investment in US manufacturing by an additional $100 billion over the next four years. DoorDash shares climbed 3% after the food delivery app posted better than expected quarterly profit. Eli Lilly shares tumbled over 10% after disappointing data on its new weight-loss pill overshadowed strong growth from the company's current obesity medicine. Intel stock slumped 3% after US President Donald Trump said in a social media post that the chipmaker's CEO needs to resign. 'The CEO of Intel is highly CONFLICTED and must resign, immediately,' Trump posted on Truth Social. 'There is no other solution to this problem. Thank you for your attention to this problem!' Gold prices rose on Thursday, buoyed by safe haven demand. As of 0956 AM ET (13:56 GMT), spot gold gained 0.6% to $3,388.09 per ounce. US gold futures added nearly 0.7% to $3,455.60. Spot silver rose 1.5% to $38.40 per ounce. Platinum was up 0.2% at $1,335.60 and palladium gained 2.5% to $1,159.93. Oil prices dipped on Thursday after the Kremlin said Russian President Vladimir Putin would meet US President Donald Trump in the coming days, raising expectations for a diplomatic end to the war in Ukraine.
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Business Standard
2 hours ago
- Business Standard
Ajit Doval says dates for Putin's visit to India being worked out: Report
NSA Ajit Doval has said during his meetings in Moscow that dates for Russian President Vladimir Putin's visit to India are being worked out, according to sources. No specific date or time has been indicated by the NSA in his engagements, they said on Thursday. "NSA Doval, during his visit to Moscow, has said that the dates for President Putin's visit to India are being worked out," said a source. The time of end-August being reported in some media is incorrect, the sources said. Doval held talks with Russian Security Council Secretary Sergey Shoigu and other senior officials that focused on bilateral energy and defence cooperation as well as Putin's visit to India. Prime Minister Narendra Modi had travelled to Russia twice last year for an annual summit with Putin and to attend the Brics Summit in Kazan. The Russian president is visiting India for the annual summit this year. Doval's visit to Russia comes amid some strain in ties between India and the US over New Delhi's continuing procurement of Russian crude oil, notwithstanding Western sanctions on Moscow. US President Donald Trump on Wednesday issued an executive order slapping an additional 25 per cent tariff on Indian goods as a penalty for New Delhi's continued purchase of Russian oil. The additional duties raised the overall tariff on India to 50 per cent. Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics. People familiar with Doval's visit to Moscow said bilateral energy and defence ties as well as Western sanctions on Russian crude oil figured in his talks with Russian officials. Russia has emerged as India's top energy supplier since the West slapped sanctions on its crude oil after the invasion of Ukraine. The NSA was also expected to press Moscow to ensure early delivery of remaining two regiments of S-400 air defence systems to India. The S-400 systems played a crucial role during Operation Sindoor. India signed a $5.43 billion deal with Russia in 2018 for five squadrons of the S-400 Triumf missile system, a state-of-the-art air defence platform capable of engaging multiple aerial threats at long ranges. Three squadrons have already been delivered.
