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Economic Times
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Knowledge Realty REIT raises Rs 1620 crore from anchor investors ahead of IPO; Jhunjhunwala among investors
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Time of India
an hour ago
- Time of India
Dow soars 500 points, Nasdaq, S&P rebound as Fed rate cut bets intensify on weaker payrolls
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs 12:53 p.m. ET, the Dow Jones rose 529.99 points or 1.22% to 44,118.57, the S&P 500 gained 84.76 points or 1.36% to 6,322.77, and the Nasdaq advanced 376.04 points or 1.82% to 21, the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two is in contrast to Friday, when a dismal U.S. jobs report hammered the S&P 500 and sent it to its steepest intraday drop since May bleak data that also accompanied steep downward revisions for May and June forced market participants to amplify their bets for Fed rate cuts this year, noting signs of a weakening labor market."When you have a Fed that operates in a lagging sense, you're going to have the market moving around as the data comes, that's what we're seeing with the weaker jobs report," said Charlie Ripley, senior investment strategist for Allianz Investment for a September rate cut now stand at about 84%, according to CME Fedwatch. Market participants see at least two quarter-point cuts by the end of this uncertainty, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer the same day, accusing her of faking the jobs numbers."The revisions ... it brings a level of skepticism into the data sets," Allianz Investment Management's Ripley also weighed Fed Governor Adriana Kugler's unexpected resignation, which could open the door for President Donald Trump to reshuffle the central bank's leadership to his has repeatedly threatened to fire Chair Jerome Powell, believing that rates should be much lower than they Tesla rose 1.2% after granting CEO Elon Musk 96 million shares worth about $29 S&P 500 sub-sectors were trading in the green, with communication services leading gains with a 2% jump.U.S. factory orders tumbled 4.8% in June after an upwardly revised 8.3% increase in May, owing to a sharp drop in commercial aircraft Trump threatened to substantially raise tariffs on India over its purchases of Russian oil. Last week, Trump slapped a 25% tariff on goods imported from the a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly and Disney, will report this notable movers, Joby Aviation rose 20.7% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 26.6%.IDEXX Laboratories soared 26.8% after the animal diagnostics maker raised its full-year profit and revenue forecasts and reported better-than-expected second-quarter jumped 6.8% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from issues outnumbered decliners by a 4.76-to-1 ratio on the NYSE and by a 2.8-to-1 ratio on the S&P 500 posted 25 new 52-week highs and seven new lows, while the Nasdaq Composite recorded 52 new highs and 72 new lows.
Economic Times
2 hours ago
- Economic Times
Two Trades for Today: A mid-cap pharma firm for a 6% gain, a large-cap 2-wheeler maker for close to 6% upmove
The market strongly rebounded from its crucial support and rallied to close Monday with a gain. The Nifty opened on a modestly higher note and traded in a range in the initial hour of the session. It stayed choppy initially, but it trended for the rest of the session. The Nifty kept gradually moving higher and managed to maintain its gains until the end of the session. The headline Index closed with a net gain of 157.40 points (+0.64%).This FONT SIZE SAVE PRINT COMMENT
