Stock Market

Markets on Edge. US stock markets saw their most significant weekly decline since mid-November, triggered by the Federal Reserve’s cautious outlook on interest rate cuts for the coming year.

Goldman Sachs Group Inc. has downgraded Indian equities to neutral from overweight, citing a slowdown in economic growth that is expected to affect corporate earnings. 

Global stocks advanced on Wednesday, accompanied by a rise in U.S. Treasury yields, after the release of the Federal Reserve’s September meeting minutes indicated more rate cuts could be on the horizon.

Chinese stocks surged to two-year highs on Tuesday as trading resumed following a week-long holiday, driven by investor optimism over new stimulus measures aimed at supporting the economy. 

The S&P 500 closed lower on Monday, weighed down by a drop in AI giant Nvidia ahead of its highly anticipated quarterly report this week. Investors are also awaiting key inflation data for more clues on the Federal Reserve’s interest rate cut plans.

A sharp slowdown in the U.S. job market, which has triggered days of global stock market turmoil, has also led to speculation that the Federal Reserve might not wait until its next scheduled meeting in September to cut interest rates.

U.S. stocks closed lower on Wednesday, with the Nasdaq falling 1% due to a decline in technology shares and weak demand in a 10-year Treasury auction, which unsettled investors in a volatile trading session. 

Tuesday’s stock market session appeared calm on the surface, but underlying movements revealed significant volatility as key earnings reports came to the surface.

Berkshire Hathaway’s stock reached a new peak on Monday, signaling robust investor confidence in Warren Buffett’s stewardship.  

Taiwan Semiconductor Manufacturing Co (TSMC), a leader in producing advanced chips for artificial intelligence applications, is poised to announce a 30% increase in second-quarter profits this Thursday, driven by a robust demand for AI chips.