IndianMarketpulse-Global Markets

The Dow Jones Industrial Average fell 296.24 points, or 1.19 percent, to 24,688.31, the S&P 500 lost 46.88 points, or 1.73 percent, to 2,658.69 the Nasdaq Composite dropped 151.12 points, or 2.07 percent, to 7,167.21. The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks. During the session, the benchmark S&P 500 fell more than 10 percent from its Sept. 20 record closing high, but pared losses to end above that level. A finish of 10 percent or more below its all-time closing high would confirm a correction. The Nasdaq registered its biggest weekly drop since March 23 after confirming a correction earlier in the week. Grim results late Thursday from Amazon.com Inc and Alphabet Inc, two stocks that have helped power the equity markets decade-long bull run, sparked the day’s selloff and overshadowed data showing t...

World stocks are heading for their fifth straight week of losses and look set for their worst month in around seven years. With 63 percent of MSCI's global index now in a "bear" market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch (BAML) said on Friday. World stocks are heading for their fifth straight week of losses and look set for their worst month in around seven years. The US S&P500 is a whisker off, losing all its gains for the year amid fears that slowing world growth and trade conflicts will erode company profits. BAML data - based on analysis of numbers from Boston-based flows tracker EPFR Global covering the week to Wednesday - showed that after weeks of equity selling, 1,742 of 2,767 global stocks had fallen 20 percent off peaks, putting them into a so-called bear market. In emerging markets, the figure was as high as 919 out of 1,150 stocks...

International Markets US Markets:  The US markets recouped most of the losses and ended slightly lower during the week amid concerns on fading fiscal stimulus and Federal Reserve interest rate tightening measures followed by concerns on corporate earnings in the current season. On the data front, the number of Americans filing for unemployment benefits for the week ended October 20, 2018 increased by 5,000 to 215,000 from 210,000 in the previous week, slightly higher than analyst expectations of 214,000. US core capital goods orders declined by 0.1% in September lower than economists’ expectations of 0.5% increase. US new home sales decreased by 5.5% to 553,000 units in September much lower than economists’ expectations of 1.4% decrease to 627,000 units indicating rising mortgage rates and higher prices affecting demand for housing.   European Markets:  The European markets closed lower during the week amid global sell-off and concerns on ECB rising interest rates af...

The Dow Jones Industrial Average fell 79.33 points, or 0.31 percent, to 25,916.54, the S&P 500 lost 6.37 points, or 0.22 percent, to 2,871.68 and the Nasdaq Composite dropped 20.19 points, or 0.25 percent, to 7,902.54.    Wall Street's major indexes fell on Friday as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies. US stocks were lower for most of Friday's session but dipped further in the last half-hour of trading on reports that Apple products, including the Apple Watch and AirPods, would be slapped with duties. Apple shares, which had been in positive territory for most of the session, ended 0.8 percent lower. The company provided those details in response to the White House's proposed tariffs on USD 200 billion worth of Chinese imports. A comment period for those tariffs ended on Thursday night. Earlier on Friday, White House...

The Dow Jones Industrial Average fell 22.1 points, or 0.09 percent, to 25,964.82, the S&P 500 gained 0.39 points, or 0.01 percent, to 2,901.52 and the Nasdaq Composite added 21.17 points, or 0.26 percent, to 8,109.54. The S&P 500 ended flat while the Dow edged down and the Nasdaq closed higher in light trading on Friday as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend. Capping a low-volume, late-summer week marked by tariff-related volatility, all three major US indexes posted net gains for the period. The indexes were also up for the month of August, with the Nasdaq posting its largest monthly gain since January. Talks between Canada the United States to renegotiate the North American Free Trade Agreement (NAFTA) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal. In recent days trade jitters abated as Mexico and the United States reached a bilateral deal, but...

The Dow Jones Industrial Average rose 133.37 points, or 0.52 percent, to 25,790.35, the S&P 500 gained 17.71 points, or 0.62 percent, to 2,874.69 and the Nasdaq Composite added 67.52 points, or 0.86 percent, to 7,945.98.   The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank's current pace of rate hikes. The S&P had last reached a new closing high on Jan. 26, then retreated more than 10 percent, a correction that lasted until Feb. 8. Friday's new closing high confirmed that the index's bull run remained intact. Speaking at a research symposium in Jackson Hole, Wyoming, Powell said the Fed's gradual interest rate hikes were the best way to protect the economic recovery, maintain strong job growth and keep inflation under control. His comments did little to change market expectations of a rate hike in Septe...