[ad_1] After heaving a sigh of relief in a week earlier, the stock markets resumed their gains. The headline index continued with its pullback and broke above some key levels, protecting key supports. Over the past five sessions, the market has been on a largely upward trajectory except for a day of consolidation in the midst of keeping the general trend sharp. The trading range also widened on expected lines. nifty In the previous week, there was volatility in the range of 613.70 against 405.75 points. Taking its support higher,…
Tag: Street
Federal Reserve: Wall Street Week Ahead: Recession? To land softly? Inflationary recession? Investors assess the strength of the economy
[ad_1] With a pitiful first half for the stock market now in the history books, investors are assessing whether the US economy can survive a significant recession as federal Reserve Raises rates to fight the worst inflation in decades. The answer to this question has a direct bearing on the markets. Strategists say an economic slowdown coupled with weak corporate earnings could reduce the S&P 500 by at least 10%, undoing losses that have already pushed the benchmark index down 18% year-over-year. Conversely, according to some analysts’ price targets, in…
Wall Street: Wall St. Week Ahead—Investors Ready to Decide After First Half of July
[ad_1] The US stock market is grappling with its worst first half of any year since 1970, with investors gearing up for a series of potential flashpoints in July that could set wall StreetSyllabus for the coming months. Second quarter corporate earnings, highly anticipated US inflation data and federal ReserveThe monetary policy meeting is one of the potentially significant events after the S&P 500 lost 20.6% in the first six months of 2022. For now, the mood on Wall Street is grim. The bond, which investors count on to offset…
TTK Healthcare: TTK Healthcare’s ‘Love Depot’ enthuses Street about growth prospects
[ad_1] ET Intelligence Group: TTK Healthcare, maker of male contraceptive brand Score, on Tuesday announced the launch of its direct-to-consumer (D2C) online venture ‘Love Depot’ to sell passion products – a first of its kind initiative in the country. Billed as The stock gained over 5 per cent. Love Depot sells international brands such as PlusOne, Love Honey, We-Vibe, Jay Jou and Satisfire as well as TTK Healthcare’s own brands Score and MSChief. [ad_2] Source link
Wall Street: Wall Street falters as consumer pessimism fuels growth fears
[ad_1] NEW YORK, June 28 (Reuters) – wall Street Tuesday closed sharply lower in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and rising earnings season. S&P and Nasdaq Apple Inc, Microsoft Corp and Amazon.com lost their weight by about 2% and 3%, respectively. The blue-chip Dow dropped nearly 1.6%. “The market was fine to date until consumer confidence numbers came out,” said Peter Tuz, president of the Chase Investment Council in Charlottesville, Virginia. “It was weak and the markets immediately started…
Zomato: Zomato falls 6% as Street cautious on Blinkit buyout
[ad_1] MUMBAI: Shares of the food delivery platform fell 6.4% on Monday as analysts remained cautious about the company’s takeover. blinkit, a quick delivery service firm. Market participants worry that the $165 million per year cash burn for Blinkit will further delay Zomato’s road to profitability. “Given the intense competitive intensity in the QuickCommerce space, we believe that the path to profitability post the Zomato Group acquisition can be extended by at least one year from FY25 to FY26,” said Swapnil Potdukhe, Analyst Told , Volatile market environment, relatively cheap…
Dalal Street Week Ahead: Dalal Street Week Ahead: Markets can remain highly stock-specific; Important for Nifty to stay above 15700
[ad_1] The Indian stock market managed to recover half of what it had lost in the first week. Over the past five days, the markets traded largely positive and tested the previous support levels which they violated on their way. The trade remained just as wide; nifty Gained 558.15 points at the end of the week. The index also retained some important support and this makes the coming week quite interesting and important. Headline index Nifty 50 closed with a gain of 405.75 points on a weekly basis after mainly…
US Stocks: Wall Street Week Ahead: US stock investors brace for more pain in second half of 2022
[ad_1] NEW YORK: With US stocks marking the worst first half of the year in more than 50 years, investors are studying a number of metrics to determine whether the coming months could bring relief, or more. Either way, the first half of 2022 has been challenging for investors. The S&P 500 is down nearly 18% year-over-year, according to the S&P Dow Jones Index, on track for its worst first half of any year since 1970, as the Fed continues to fight monetary gains in its fight against the highest…
Powell: Wall Street ends lower after Powell’s remarks, as energy stocks pull up
[ad_1] Wall Street’s main indices ended with thin losses after choppy trading on Wednesday as energy stocks weighed in and investors digested Federal Reserve Chairman Jerome. PowellComment on the central bank’s objective of reducing inflation. After opening lower, major US indices erased losses following Powell’s testimony before a Senate committee, but then faded closer. Powell said irrigated It is “strongly committed” to easing inflation running at 40-year highs, while policymakers are not trying to cause a recession in the process. Investors are trying to assess how far the stock could…
Wall Street gains more than 2% in broader rebound
[ad_1] Major Wall Street indices jumped more than 2% on Tuesday as investors bought shares of megacap growth and energy companies after stock markets swooped last week on concerns of a global economic slowdown. All 11 major S&P 500 sectors edged up as stocks fell broadly last week after the benchmark index posted its biggest weekly percentage decline since March 2020. With investors trying to assess how far the stock could fall as they weigh the risks to the economy, the Federal Reserve has taken aggressive measures to try to…