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Nov 12, a. ET Why the hottest inflation in 3 decades isn't rattling stock-market bulls MarketWatch. ET Disney's stock drops after most disappointing earnings report in 10 years prompts price target cuts, even by bullish analysts MarketWatch. Here's how it's doing so far MarketWatch. Here's why. How to play that scenario.
Think like an idiot MarketWatch. No, but the bond market ishere's why. No press releases for DJIA. Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.
Source: FactSet Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Investors looked to consumer confidence data against the backdrop of rising inflation and a spike in Covid cases in Asia. As the new futures and options series begins, volatility levels have also cooled off. Drop in dollar and yields also signify traders are ready to take more risks and move towards equities.
Risk sentiment also improved with cryptocurrencies clawing back ground after a bout of weekend selling fueled by further signs of a gathering Chinese crackdown on the emerging sector. Nike Inc surged It's roller coaster in reverse. Investors looked to Federal Reserve Chair Jerome Powell's remarks for clues on how the central bank is balancing inflation risk with its promise to ensure a full jobs market recovery.
Investors awaited fresh cues from inflation data this week and an upcoming Federal Reserve meeting. The Delta variant scare, which led to the market sell-off on Monday on Wall Street, appears to have died down. Anthony Fauci's statement yesterday that vaccines are effective against all variants is reassuring, said an analyst. Apple Inc, Amazon. Louis Federal Reserve, said he was among the seven officials who saw rate increases beginning next year to contain inflation.
Exxon Mobil Corp shed 2. The tech-heavy Nasdaq Composite neared its lifetime peak hit on April 29, before closing up 0. The central bank cited an improved health situation. It also dropped a longstanding reference that the crisis was weighing on the economy. Any shift in the Fed's dovish rhetoric could upend equity markets. A bigger-than-expected jump in May consumer prices raised concerns of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure.
Shares of the iPhone maker rose 1. The indexes were also set to end higher on a week that also saw a sharp rally in US Treasuries amid the fears that the recovery in the US economy was losing steam with the Delta variant of the coronavirus spreading. The move was volatile as profit booking near all time high levels continued. IHS Markit's data showed U. Sustained FII selling and high valuations are the major reasons for the weakness in the market now. It is normal and rational for FIIs to sell and book profits at the present elevated valuations.
HNIs also might be tempted to partially book profits. Data showed fewer-than-expected weekly jobless claims, while Walgreens gained after it lifted its annual profit outlook. The market seems to be in a consolidation mode before the breakout to higher levels. The tech-heavy Nasdaq index also closed lower despite posting its two highest ever finishes in the last five days. Nifty 18, Business Insider 32m. Business Insider 39m. Business Insider 49m. Business Insider 51m.
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