IMPACT OF US' PLANS TO NEARLY DOUBLE CAPITAL GAINS TAX CLEARLY VISIBLE ON STOCK MARKETS

Highlights

• A report by Bloomberg stated that investors earning $1 million or more would have to pay a tax of 39.6 percent on any capital gains, which happens to be nearly double than the existing rate

• The report further said a separate surtax on investment income...

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. STOCK TRADE UPWARDS, THANKS TO STIMULUS HOPES

Highlights

• The Dow Jones Industrial Average index was trading upwards by 111.35 points or 0.36 percent at 31,171.82, while the Nasdaq Composite surged by 54.26 points or 0.42 percent at 13,183.61

• The benchmark S&P 500 index was up by 5.98 points or 0.16 perce...

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...

CHINESE REALTY SEEKERS OPT FOR PORTUGAL AND SINGAPORE SHUNNING US AND AUSTRALIAN MARKETS

• Property investors from mainland China are shifting their gaze on Portugal and Singapore as alternative investment locations, while offloading more money out of traditional markets like the US and Australia and Britain amid concerns about difficult trade relations.
• While the Co...

DOW SLUMPS 350 POINTS, S&P 500 AT 3,600

Highlights

• Dow Jones Industrial Average index (DOW) and other main indexes on Wall Street slumped on Tuesday morning courtesy of disappointing retail sales data and a spike in new COVID-19 cases across the globe

• On the other hand, Tesla proved to be the saving gr...

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 ...

TECH STOCKS EXTEND RALLY DESPITE UNCERTAINTY OVER ELECTION RESULTS

Highlights

• The Dow Jones Industrial Average index is currently trading 486.65 points, or 1.75 percent upwards at 28,334.31, while the tech-heavy Nasdaq Composite is 262.49 points, or 2.26 percent up at 11,854.05

• According to the market analysts, regardless of the...

U.S. STOCKS SURGE DESPITE PRESIDENT TRUMP’S SUSPENSION OF STIMULUS TALKS

Highlights

• The S&P 500 index jumped over 1 percent following series of tweets made by the U.S. President regarding support to $1200 stimulus checks, $25 billion bailout to airlines along with $135 billion for small businesses

• The Dow Jones Industrial Average ...

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...

U.S. STOCKS VOLATILE, TECH STOCKS AMONG TOP LAGGARDS

Highlights

• The Dow Jones Industrial Average index slumped 312.99 points or 1.12 percent to 27,588.99, while the S&P 500 index fell 47.64 points to 3,309

• After hitting record highs, big tech stocks like Facebook, Amazon and Apple fell sharply in recent session...

U.S. STOCKS DOWN, INVESTORS UNHAPPY WITH FEDERAL RESERVE'S POLICIES

Highlights

• The Dow Jones Industrial Average unlike yesterday slumped this morning by 48 points or 0.2 percent, while the S&P 500 index opened 0.5 percent lower at 3,368

• The Nasdaq Composite went down by over 2 percent to 10,785.67 at the end of first session<...

U.S. STOCKS SURGE, HOPEFUL ABOUT THE FEDERAL RESERVE MEETING

Highlights

• The Dow Jones Industrial Average index went up by 212 points or 0.8 percent, while the S&P 500 surged 0.4 percent continuing the rally in the fourth consecutive session

• The tech-heavy Nasdaq Composite Index fell less than 0.1 percent in the first t...

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...

U.S. STOCKS JUMP ON HOPES OF COVID-19 VACCINE & MERGER NEWS

Highlights

• Shares of AstraZeneca went up by 0.5 percent after its announcement regarding the resumption of its last-stage COVID-19 vaccine trials with the University of Oxford

• Shares of Oracle surged 4 percent on the reports of the company securing a partnership ...