Major Wall Street stock indices slumped sharply on Monday as investors braced for a protracted Middle East conflict. The downturn follows joint US-Israeli strikes on Iran that resulted in the death of its Supreme Leader, triggering a geopolitical crisis. In retaliation, Tehran launched a barrage of missiles targeting Israel and American bases throughout the Gulf….
Wall Street is preparing for a turbulent week ahead as the intensifying Middle East crisis dictates market sentiment. Geopolitical developments have moved to the foreground following the joint US-Israeli military strike against Iranwhich resulted in the death of its Supreme Leader Ayatollah Ali Khamenei and several high-ranking officials. The rapidly shifting landscape across the Gulf…
US President Donald Trump lamented a possible tariff refund and ‘undeserved windfall’ to companies and countries, which, he alleged, took advantage of the United States in the past. He asked if a “rehearing or rejudgment of this case is possible.” Trump also feared that after the US Supreme Court’s order against tariffs, countries and companies,…
US stock indices slumped on Friday as AI worries dragged on tech stocks, while hotter-than-expected inflation data also dampened investor sentiments. At the opening bell, the Dow Jones Industrial Average fell 245.6 points, or 0.50%, to 49253.57. The S&P 500 fell 52.3 points, or 0.76%, to 6856.54, while the Nasdaq Composite dropped 263.0 points, or…
Gold and silver prices were trading in losses in Thursday’s session, February 26, as investors held off their bets ahead of the US-Iran nuclear talks later in the day, while the US Federal Reserve is expected to maintain interest rates at current levels in its next policy meeting. The April futures contract on Comex fell…
The S&P 500 and the Nasdaq slipped on Thursday, as concerns over a potential artificial intelligence (AI) bubble continue to weigh despite Nvidia’s stellar earnings. As of 9:35 am Eastern Time, the S&P 500 slipped 0.1% and the Nasdaq Composite was 0.4% lower. The Dow Jones Industrial Average was up 0.5%. At the opening bell,…
Wall Street key stock indices opened higher on Wednesday ahead of Nvidia’s earnings. At the opening bell, the Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63. The S&P 500 rose 25.1 points, or 0.36%, to 6,915.15, while the Nasdaq Composite rose 141.3 points, or 0.62%, to 23,005.008. Nvidia will report its fourth…
Gold rate today: Gold and silver prices saw renewed buying in Wednesday’s session, as growing tensions in the Middle East have boosted safe-haven appeal, while a pullback in the US dollar index also aided sentiment, coupled with ongoing US tariff uncertainty. The April futures contract on Comex rebounded $54 per troy ounce to a day’s…
US President Donald Trump strongly defended his economic policies in his State of the Union address to the joint session of Congress. He claimed that tariffs (import duties) from many countries will over time replace the modern income tax system, thereby reducing the huge financial burden on American citizens. Countries that looted us are now…
US President Donald Trump said on Wednesday that he believed the tariffs paid by foreign countries would, as in the past, largely replace the current income tax system, thereby easing the significant financial burden on the people he cares about. “As time goes by, I believe that tariffs, paid for by foreign countries, will, like…
