Latest Stock Market News

Victor Sperandeo is a legendary trader and excellent financial commentator with over 45 successful years of experience on Wall Street. He is the founder, CEO and President of Alpha Financial Technologies LLC and also a founding partner, CEO and President of EAM Partners L.P.

The brokerage still rates Apple and Qualcomm "overweight" - the equivalent of a "buy" rating - based on their longer-term potential.

“There is a reasonable likelihood that the RBI will take its first reluctant step towards policy rate normalisation by changing stance from ‘accommodative’ to ‘neutral’, but we expect it to balance it with dovish guidance,” the global research firm said.

Over the past century and a half, finance in the United States has been characterized by an ebb and flow of who feels Wall Street is for them, who feels (or is) excluded.

U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.

The outlook for stocks is still threatened by rising interest rates as the Federal Reserve tightens monetary policy, as well as by spiking inflation and uncertainty over the war in Ukraine. The ability of companies to deploy cash could help soothe investors about some of that unease.

BoFA strategists said recession risks will "jump" in the coming months as a bull era of central bank excess, Wall Street inflation and globalization is ending, and a bear era of government intervention, social and political polarization, Main Street inflation & geopolitical isolationism is starting.

Foreign portfolio investors (FPIs) bought shares worth ₹1,909.8 crore while domestic institutional investors sold equities worth nearly ₹184 crore. Friday marked the third day of buying by overseas funds in contrast with recent outflows.

Western sanctions on Russia after their invasion of Ukraine are expected to see a loss of about 3 million barrels per day (bpd) of Russian oil in April, according to the IEA. Moscow calls its activity in Ukraine a "special operation" to disarm its western neighbour.

The industry credit ratio, a gauge for financial health measured as a proportion of upgrades vis-a-vis downgrades, surged 172 basis points year-on-year to 2.81, data from Prime Acuite Rating Database showed. Prime Acuite compiled data from seven local rating companies.