US Indices Are Near Their Highs for the Year. Why, and What You Need to Know
Let's explore the new factors influencing this situation and draw some conclusions.
Source: forexlive.com
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Top News In Us Indices Today - Breaking & Trending Today
GIFT Nifty jumps 1.2%, surprise US inflation cool off lifts S&P 500, Nasdaq 2%
An unexpected slowdown in inflation fueled speculations about a shift in the Federal Reserve's strategy. As a results, US' S&P 500 and Nasdaq Composite indices gained up to 2%, while GIFT Nifty on NSE IFSC jumped 1.2%.
Source: moneycontrol.com
US Fed speech at Jackson Hole: US indices volatile post Powell's speech
Fed Speech Today: Fed Chair Powell says rates may increase further if necessary due to risks of reaccelerating inflation.
Source: livemint.com
US indices surge ahead of Fed's interest rate decision despite rising yields
Nasdaq leads with a gain over 1.5% with all major US indices seeing gains ahead of the key interest race decision by the Fed tomorrow.
Source: forexlive.com
Archegos fallout wipes $9 bn from market value of Credit Suisse, Nomura
LONDON/NEW YORK (Reuters) - Investors on Wednesday tallied the fallout from Archegos Capital's dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed. The downfall of Archegos, a family office run by former Tiger Asia manager Bill Hwang, has rocked a handful of stocks that have been linked to the fund's massive margin call while weighing on shares of banks that did business with the New York-based fund. Investors said it could also increase scrutiny of family offices while making money managers more...
Source: business-standard.com