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Economic Times
an hour ago
- Economic Times
NSA Ajit Doval on Moscow mission amid Trump's antics
Synopsis NSA Ajit Doval's upcoming Moscow visit will prioritize expanding defence cooperation with Russia, potentially including the procurement of additional S-400 missile systems and discussions on Su-57 fighter jets. Talks may also cover establishing S-400 maintenance facilities in India and addressing the geopolitical situation, including Russian oil supplies to India amidst potential US tariffs. Agencies National Security Advisor Ajit Doval (File photo) New Delhi: NSA Ajit Doval's Moscow trip beginning Wednesday will focus on expanding defence industry ties, including purchase of additional S-400 missile defence systems and dialogue on Su-57 fighter jets. Besides the possible purchase of additional S-400 missile systems, the talks could include setting up S-400 MRO facilities in India and exploring options for acquiring Russia's Su-57 fighter jets, ET has learnt. The S-400 systems played a major role in Operation Sindoor in thwarting Pakistan military's aggression. Similarly, BrahMos missiles jointly developed by India and Russia rattled the Pakistani military, according to informed of Doval's visit, Indian ambassador to Russia Vinay Kumar met Russia's deputy defence minister Colonel-General Alexander Fomin. Doval could also meet President Vladimir Putin, incidentally at the time when the US President Donald Trump's special envoy Steven Witkoff is also in Moscow. This is Witkoff's fifth visit to Russia since the beginning of the year."The current escalation of the geopolitical situation will also be discussed. Apart from that the topics will include such pressing matters as supplies of Russian oil [to India]," a Russian source said. The visit acquires significance amid Trum's threat of imposing tariffs against India for purchasing Russian oil and fuelling war Ukraine war.
Economic Times
2 hours ago
- Economic Times
Apple stock jumps 6% on $100B U.S. pledge, powering Wall Street rally—Dow, S&P 500, Nasdaq climb as McDonald's, Shopify gain; AMD, Disney, Super Micro retreat
Synopsis Apple stock rally lifted Wall Street on Wednesday, pushing the S&P 500 and Nasdaq higher, as investors cheered Apple's bold plan to invest $100 billion more in the U.S. economy over the next four years. This massive commitment came ahead of a major White House announcement and fueled strong confidence in tech stocks. Gains in McDonald's, Shopify, and Arista Networks added momentum, while Super Micro, AMD, and Disney dragged the market with weaker results. With tariff concerns and interest rate cut hopes in the background, investors are watching the Federal Reserve closely ahead of its September decision. Apple (AAPL) surged 6% on Wednesday after announcing a massive $100 billion expansion in its U.S. investment plan, lifting market sentiment and fueling a tech-led rally on Wall Street. The stock closed at $214.39, up over $11 intraday, accounting for nearly half of the S&P 500's 0.7% daily gain. Wall Street closed higher on Wednesday, fueled by a sharp 6% rally in Apple Inc. (AAPL) after the tech giant unveiled a landmark $100 billion investment plan aimed at expanding its U.S. footprint over the next four years. The stock soared $11.47 to finish at $214.39, its highest close in weeks, and contributed nearly 50% of the S&P 500's total point gain for the day. Apple's move, expected to be officially announced at the White House later this week, would bring its total domestic investment to $600 billion, signaling strong confidence in the U.S. economy and providing a major sentiment boost to equity markets. Apple shares soared nearly 6% in Wednesday's trading session, accounting for almost half of the S&P 500's total gain. The surge came ahead of a major White House announcement, where Apple is expected to unveil plans to invest an additional $100 billion in the U.S. over the next four years. This move, set to increase its total domestic investments to $600 billion, signals strong corporate confidence in the American economy and helped reassure Wall Street amid mixed signals from other sectors. S&P 500 : Up 0.7% : Up Nasdaq Composite : Gained 1% : Gained Dow Jones Industrial Average: Rose 97 points or 0.2% The rally was concentrated in tech-heavy sectors, largely thanks to Apple, while other parts of the market saw mixed performance due to a varied batch of corporate earnings reports. Apple (AAPL) : +6% ($214.39) – $100B U.S. investment pledge sparks optimism : +6% ($214.39) – $100B U.S. investment pledge sparks optimism Shopify (SHOP) : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant : +20% – Revenue beat and bullish Q3 guidance lifted the e-commerce giant Arista Networks (ANET) : +18% – Strong AI infrastructure demand powered earnings surprise : +18% – Strong AI infrastructure demand powered earnings surprise McDonald's (MCD): +3% – Beat expectations; Minecraft-themed campaign boosted traffic The broader market showed mixed reactions to a flurry of Q2 earnings results: McDonald's stock climbed 3% after beating both profit and revenue expectations. A marketing campaign tied to the popular Minecraft movie helped drive traffic and sales. climbed after beating both profit and revenue expectations. A marketing campaign tied to the popular movie helped drive traffic and sales. Shopify shares surged nearly 20% after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust e-commerce trends . surged nearly after reporting better-than-expected revenue and issuing a strong revenue forecast for the next quarter, signaling robust . Arista Networks jumped 18% thanks to higher-than-expected profits and a bullish outlook tied to growing AI infrastructure demand . jumped thanks to higher-than-expected profits and a bullish outlook tied to growing . Super Micro Computer fell sharply, losing 21% , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. fell sharply, losing , as its earnings and guidance disappointed investors after a period of high gains. Despite an 88% gain earlier in the year, the stock tumbled following a weak quarterly update. Disney stock slipped 3% , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a tentative deal with the NFL giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. slipped , even though the company beat profit expectations. Revenue missed the mark, and analysts noted that investors were expecting a more optimistic forward outlook, especially after the announcement of a giving ESPN access to NFL Network, NFL Fantasy, and RedZone rights. Advanced Micro Devices (AMD) dropped 6.6%, as its profit matched analyst forecasts but failed to impress investors who had driven the stock up 44% year-to-date. Solid projections weren't enough to overcome market fatigue and regulatory concerns over chip exports. Despite upbeat earnings in some corners, investors remain cautious about the overall economic outlook. Last week's weaker-than-expected U.S. jobs report has fueled speculation that the Federal Reserve may move to cut interest rates as early as its next meeting in September 2025. Bond markets reflected this cautious optimism: The 10-year Treasury yield inched up to 4.24%, just slightly above Tuesday's 4.22% but still well below last week's levels. Hopes for a rate cut are being weighed against the risk of rising inflation, which could follow looser monetary policy. Still, many see easing by the Fed as necessary to offset pressure from Trump-era tariffs and global economic uncertainty. President Donald Trump's renewed focus on tariffs continues to worry some investors, especially in light of potential trade barriers on pharmaceuticals, semiconductors, and Chinese exports. These geopolitical tensions may be weighing on business confidence and hiring decisions, as reflected in recent employment data. Stock indexes across Europe and Asia also posted moderate gains on Wednesday, mirroring the positive momentum from Wall Street. Overseas optimism remains tied to the strength of U.S. tech earnings and a possible easing in Fed policy, though global markets are keeping a close watch on U.S. tariff developments and inflation trends. Apple's historic investment pledge and its stock surge helped lift the entire market, showing how one major move from a tech giant can change investor sentiment. Strong showings from McDonald's, Shopify, and Arista provided additional tailwinds for the S&P 500 and Nasdaq. However, earnings disappointments from Disney, AMD, and Super Micro, along with ongoing tariff fears, underscore the market's underlying volatility. As September's Federal Reserve meeting approaches, Wall Street remains on alert. For now, Apple's bold commitment to the U.S. economy has delivered a much-needed dose of confidence. Q1: Why did Apple stock rise so much today? Apple stock jumped after news of a $100 billion U.S. investment plan that boosted investor confidence. Q2: What is driving Wall Street gains this week? Strong tech earnings, Apple's big investment, and hopes for interest rate cuts are lifting the markets.
Time of India
2 hours ago
- Time of India
NSA Ajit Doval on Moscow mission amid Trump's antics
New Delhi: NSA Ajit Doval's Moscow trip beginning Wednesday will focus on expanding defence industry ties, including purchase of additional S-400 missile defence systems and dialogue on Su-57 fighter jets . Besides the possible purchase of additional S-400 missile systems , the talks could include setting up S-400 MRO facilities in India and exploring options for acquiring Russia's Su-57 fighter jets, ET has learnt. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The S-400 systems played a major role in Operation Sindoor in thwarting Pakistan military's aggression. Similarly, BrahMos missiles jointly developed by India and Russia rattled the Pakistani military, according to informed sources. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Mixed Pink Salt With This - Now She Can't Stop Losing Weight Your Health Ahead of Doval's visit, Indian ambassador to Russia Vinay Kumar met Russia's deputy defence minister Colonel-General Alexander Fomin. Doval could also meet President Vladimir Putin, incidentally at the time when the US President Donald Trump's special envoy Steven Witkoff is also in Moscow. This is Witkoff's fifth visit to Russia since the beginning of the year. "The current escalation of the geopolitical situation will also be discussed. Apart from that the topics will include such pressing matters as supplies of Russian oil [to India]," a Russian source said. The visit acquires significance amid Trum's threat of imposing tariffs against India for purchasing Russian oil and fuelling war Ukraine war. Live Events
