Shares of mega-cap technology and communication stocks including Google-owner Alphabet Inc, Microsoft Corp , Meta Platforms Inc, formerly known as Facebook, Apple Inc and Amazon.com inched up between 0.2% and 2%.
Wall Street equity indices scaled fresh highs in August, without the backing of any economic or profit fundamental, said Lisa Shalett, Chief Investment Officer, Morgan Stanley Wealth Management while adding that this up-move
US stock markets are now bracing for the final stage of transition, emerging out of the covid-19 induced recession. This phase is expected to see the US Federal Reserve take centre stage, tightening monetary policy and hiking
BSE Sensex and Nifty 50 ended lower in April, primarily on account of record surge in COVID-19 cases and fresh impositions such as lockdowns and curfews to curb the spread of disease, which weighed on investor sentiment.
For 2021, there is a lot that investors need to factor in before they plan their trades. Will valuations play a spoilsport, will coronavirus continue to hit businesses, and where will inflation head to?
Asian shares edged up on Friday but were on track for a weekly loss, while the dollar was poised for a winning week as comments from a key Federal Reserve official led to increased betting on the Fed hiking interest rates as