TREASURY SECRETARY JANET YELLEN PLAYS DOWN ANY CONCERN OF RECENT SURGE IN US GOVT-BOND YIELDS

Highlights

• US Treasury Secretary Janet Yellen has played down any concern that the recent surge in US government-bond yields reflects expectations for huge breakout in inflation

• In wake of February employment report released on February, yields on 10-year Treasur...

THE US SEC SUSPENDS TRADING IN 15 STOCKS OVER QUESTIONABLE SOCIAL MEDIA ACTIVITY

Highlights

• According to the statement issued by the US Securities and Exchange Commission, it had suspended trading in the securities of 15 companies due to questionable trading and social media activity

• The agency said the Securities and Exchange Commission had ...

U.S. STOCKS OPEN POSITIVE COURTESY OF COVID-19 RELIEF BILL APPROVAL

Highlights

• The Dow Jones Industrial Average went up by 175 points or 0.5 percent to 30,375, while the benchmark S&P 500 jumped 0.7 percent in the first trading session

• The United States President signed the $900 billion bill that laid path for the federal gov...

THE U.S. STOCK MARKET WILL CLOSE EARLY TODAY IN OBSERVATION OF CHRISTMAS EVE

Highlights

• Both the markets, stock and bond market will remain completely closed on Friday for Christmas Day

• The Dow Jones Industrial Average Index is trading 44.80 points or 0.15 percent upwards at 30,174.63 and the S&P 500 index is 7.18 points or 0.19 perce...

UNCERTAINTY OVER STIMULUS DRAG U.S. STOCKS DOWN

Highlights

• Investors and traders are keenly following each and every update regarding the stimulus hence it’s impact is immediately visible on the market

• The S&P 500 was trading 20.4 points or 0.56 percent lower at 3,647.7, while the Dow Jones Industria...

DOW JONES CROSSES HISTORIC 30,000-MARK

Highlights

• The markets were driven by vaccine optimism along with the reports of the U.S. President-elect Joe Biden finalizing the name of former Federal Reserve Chair Janet Yellen as the US Treasury secretary

• The benchmark S&P 500 index surged 1.5 percent, w...

BIDEN BAD FOR THE U.S. EQUITIES SAYS MARK MOBIUS

Highlights

• According to veteran investor Mark Mobius, a Joe Biden presidency would be negative for equities in the U.S. and positive for other markets given his plans to hike taxes on companies and wealthy Americans

• Mobius who established Mobius Capital Partners ...

US STOCKS OPTIMISTIC ABOUT NEW STIMULUS & ECONOMIC RECOVERY

Highlights

• Right after the market opened, the Dow Jones Industrial Average index jumped over 220 points or 0.8 percent, while the tech-heavy Nasdaq Composite went up by 1 percent

• As per the market analysts and economists, the crippling US economy is expected to g...

US STOCKS IMPACTED BY VOLATILE TRADING: DOW JONES AT 26,900, S&P 500 AT 3,250

Highlights

• The Dow Jones Industrial Average index slumped 80 points at the opening but went up by 0.52 percent or 139.34 points to 26,902.47, while the S&P 500 was trading up 0.2 percent to 3,243

• The tech-heavy Nasdaq Composite surged nearly 100 points or 0.9...

BENTLEY SYSTEMS PLANS TO RAISE NEARLY $204.3 MILLION IN IPO

Highlights

• Bentley has plans to offer 10.75 million shares at an estimated $17 to $19 each as this would value the offering at $182.8 million to $204.3 million

• Bentley also said that, all the underwriters will be getting a 30-day option to purchase as many as 1.6...

AS PER THE STOCK MARKET, JOE BIDEN WILL BE THE NEXT U.S. PRESIDENT

Highlights

• The data says the stocks that are expected to fare well if Biden is elected as the next U.S. President are performing better than the overall market

• According to the market analysts, the companies that might benefit from Biden winning the election are ...

TECH STOCKS HELP WALL STREET START POSITIVE

Highlights

• As per the data, the month of August was the best for stocks compared to last few years

• Stocks of Amazon and Google started Wednesday’s trading at a new record high, while the Apple and Tesla saw a sharp decline

• Traders and inves...

US STOCK MARKET FACTS FOR FRIDAY: MODERNA SCORES

Highlights:

• The market had a tense day as the US-China tension with the bill delisting Chinese companies was passed by the senate
• Dr Fauci’s positive comment about the Moderna vaccine showing promising results drowned in the ensuing tense environment  
...

5 FASTEST GROWING INDUSTRIES IN US MARKETS

Highlights:

• Based on expert analysis, a list has been prepared which shows the growing industries in the US Markets in 2020.
• The data was presented by IBISWorld.
• The data is evaluated in terms of Revenue Growth in 2020.

Ba...

SIX COUNTRIES TO HOLD DIGITAL CURRENCY MEETING IN APRIL

Highlights:

• Britain, the eurozone, Japan, Canada, Switzerland, and Sweden will hold a meeting in April for discussing digital currencies.
• This meeting was called amid the rising debate over the future of money.
• The leaders of the six centra...

US MARKETS ON GAIN AFTER THE FEAR OF WUHAN VIRUS SETTLES

Highlights:

• The Dow Jones Industrial Average increased by 407.82 points, the S&P 500 index has seen a hike of 48.67 points while the Nasdaq Composite has surged by 194.57 points.
• Tesla drew bullish endorsements from investors.
• Ralph Lau...

STOCKS CONTINUE TO GET AFFECTED BY THE VIRUS

Highlights:

• Policymakers have kept the target rate in the range of 1.50% to 1.75%.
• The Dow Jones Industrial Average is up by 11.6 points. The S&P 500 has slumped by 2.84 points while the Nasdaq Composite has surged by 5.48 points.
• Brent...

STOCKS REBOUNDING FROM ITS WORST FALL

Highlights:

• The Dow Jones Industrial Average has surged by 0.7% and settled at 28,722.85.
• S&P 500 has seen a hike of 1% and settled at 3,276.24.
• The Nasdaq Composite is up by 1.4% to 9,269.68.

Stocks have seen a rise f...

US LABOR MARKET MAY BE AT PEAK: BUSINESS SURVEY

Highlights:

• Labor market could peak and the job growth can be slow down in 2020.
• The survey suggests that job growth in 2020 is averaged around 170,000 per month instead of 210,000.
• The slowdown in employment has been blamed on the shortage...

THREE NEW ONCOLOGY BIOSIMILARS INTRODUCED IN US MARKETS

Highlights:

• Bevacizumab-bvzr, rituximab-pvvr, and Trastuzumab-qyyp have been introduced in the United States.
• Pfizer will become the first manufacturer to launch 3 oncology biosimilar products in the US market.
• The 3 antibodies will be avai...