US stocks rose on Thursday as trading returned to normal at the New York Stock Exchange and Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world. US stocks had fallen sharply on Wednesday as market turmoil in China, a rout in commodity prices, the Greek crisis and a major outage on the New York Stock Exchange spooked investors. While the NYSE resumed operations late in the trading day on Wednesday, all eyes were on the exchange to see if its systems would withstand heavy opening trade volumes.
NEW DELHI: The 50-share Nifty index is expected to open flat on Thursday following mixed trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 8,350 in trade today. At 08:00 a.m., Nifty India stock futures in Singapore were trading 2 points lower at 8363 indicating a flat opening on the domestic market. Tata Consultancy Services (TCS) which is scheduled to report its results for the quarter ended June 30 will remain in focus today.
NEW DELHI: The 50-share Nifty index is expected to open flat-to-higher on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index may drift lower, but should be able to bounce back and reclaim its crucial psychological level of 8200 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 38.50 points lower at 8,248 indicating flat-to-positive opening on the domestic market. On macro-economic front, markets would key a close eye on two important data points, which are lined up for this week.
Wall Street rose at the open on Friday as healthcare and technology stocks, led by Gilead and Apple, rebounded after two weak sessions, and despite data that came in lower-than-expected. A majority of the 10 major S&P indexes were higher, with the health and tech both snapping a 2-day losing streak. Apple shares rose 1.5 per cent to $126.94 and was the biggest driver on the Dow, Nasdaq and S&P 500. The Nasdaq biotech index was up 2.6 per cent, snapping a 5-day losing streak and on track for its best day since April 8.
NEW YORK: The Nasdaq 100 index, dominated by US technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday. Technology shares led the US stock market's recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft , after the three companies reported better-than-expected earnings results. The Dow Jones industrial average rose 0.9 per cent to 17,646.70, the S&P 500 index recovered another 1.1 per cent to 2,075.15, and the Nasdaq Composite closed the week up 2.27 per cent at 5,031.86.
US stocks fell in early trading on Wednesday, with the tech-heavy Nasdaq composite falling more than 1 percent after disappointing results from technology giants including Apple, the world's largest publicly traded company. Apple shares slumped as much as 6.7 percent to $121.99, a day after the iPhone maker's revenue forecast for the fourth quarter fell below expectations. The stock was the biggest drag on all three major indexes.
The S&P 500 ended at its best level since July on Tuesday, helped by a big jump in energy shares and investor confidence that higher interest rates will not derail the economy.
The index finished below its best levels of the session, though, while the Nasdaq ended lower. Biotech shares dropped following disappointing news from several key companies including Biogen. The Nasdaq Biotech Index was down 2.5 per cent, its biggest daily per centage decline since May 11.
NEW DELHI: The 50-share Nifty index is expected to open higher on Thursday, after Moody's Investors Service changed India's outlook to positive from stable. Tracking the momentum, the index may reclaim its crucial psychological level of 8,750 in trade today. Moody's decision to revise the ratings outlook to positive from stable is based on its view that there is an increasing probability that actions by policy makers will enhance the country's economic strength and, in turn, the sovereign's financial strength over coming years.