All posts in Stock Market Updates

US stock futures were trading lower on Tuesday morning. Stocks gave up early gains and closed slightly lower on Monday as investors began another busy week of corporate earnings and economic reports. The major indexes spent much of Monday’s session flying between gains and losses before falling in the afternoon. The S&P 500 fell 11.66 points, or 0.3%, to 4,118.63. The Dow Jones Industrial Average lost 46.73 points, or 0.1%, to end at 32,798.40. The tech-focused Nasdaq Composite lost 21.71, or 0.2 percent, to 12,368.98. U.S. stocks staged a furious rally in recent weeks, boosted by positive earnings signals and…

Market nearby | Sensex and Nifty50 remain green despite day highs Here are some highlights: –SBI sees profit booking ahead of earnings on Saturday –Titan stands up after the operating rhythm –Bharti Airtel rises one percent ahead of Monday’s results –Shree Cement and UltraTech rise after Dalmia Bharat’s online earnings –Mnappuram jumps six percent after better-than-expected earnings –NBCC, IndiGo, Tata Communications, NMDC, Muthoot Finance with the best mid-cap gains –Balkrishna Industries falls seven percent as earnings miss estimates –GAIL falls five percent as brokerage downgrades stock to ‘sell’ after earnings –Balrampur Chini extends losses to second day after earnings estimates…

The news on inflation has been bad for months, but recently it has gotten worse. On Wednesday, the government reported that in June the consumer price index rose at an annual rate of 9.1 percent, the fastest pace since November 1981. This dire news adds to considerable pressure on the Federal Reserve to control inflation. The Fed is trying, raising short-term interest rates and selling its own securities 8.9 trillion dollars balance sheet But these are blunt instruments. While they can reduce inflation, they do so by slowing the economy. This increases the chances that the United States will experience…

The US economy added 528,000 jobs in July, more than double the number economists had expected. This surprising increase in employment completes a milestone for the US economy: pre-pandemic employment has now been fully restored. In February 2020, the last month before the COVID-19 pandemic plunged the US economy into recession, there were 152.504 million people employed in the US As of July 2022, 152.536 million people in the US were working. And while the labor market contraction during the pandemic was the sharpest in modern history, the rebound marks the second-fastest labor market recovery since 1981. In just over…

Jim Cramer was the target of social media ire Friday after shares of cryptocurrency trader Coinbase soared just a week after the CNBC financial guru warned of an SEC investigation into the company. On July 26, Cramer tweeted: “Coinbase’s reversal on possible SEC investigation is very bad news given that we don’t even know what it’s about. But they always hoped to avoid SEC scrutiny.” Twitter users then posted screenshots Coinbase’s stock price rises up more than 16% on Thursday to top $106 a share. Coinbase COIN, +4.67% was trading at about $92 a share on Friday. In the past…

WASHINGTON (AP) — A Senate lawmaker dealt a blow Saturday to Democrats’ plan to lower drug prices but left the rest of his sweeping economic bill largely intact as party leaders prepared for early votes on a package containing many of President Joe Biden’s top national positions. goals Elizabeth MacDonough, the chamber’s nonpartisan rules arbitrator, said lawmakers must remove language that imposes heavy penalties on drugmakers who raise their prices beyond inflation in the private insurance market . These were the main price protections in the bill for the approximately 180 million people whose health coverage comes from private insurance,…

Jim Cramer was the target of social media ire Friday after shares of cryptocurrency trader Coinbase soared just a week after the CNBC financial guru warned of an SEC investigation into the company. On July 26, Cramer tweeted: “Coinbase’s reversal on possible SEC investigation is very bad news given that we don’t even know what it’s about. But they always hoped to avoid SEC scrutiny.” Twitter users then posted screenshots Coinbase’s stock price rises up more than 16% on Thursday to top $106 a share. Coinbase COIN, +4.67% was trading at about $92 a share on Friday. In the past…