US stocks turned in a mixed performance during trading on Friday, with the major averages ending the day on opposite sides of the unchanged line. The Dow rose to a new record closing high, but the Nasdaq and the S&P 500 gave back ground. While the Dow pulled back well off its highs of the session, the blue chip index still ended the day up 137.89 points or 0.3 percent at 42,313.00. The Nasdaq fell 70.70 points or 0.4 percent to 18,119.59 and the S&P 500 edged down 7.20 points or 0.1 percent to 5,738.17. Despite the mixed performance on the day, the major averages all moved higher for the week, The Nasdaq jumped by 1.0 percent, while the Dow and the S&P 500 both climbed by 0.6 percent. Among equities, Costco fell 1.7% after the membership-only retailer missed expectations for fiscal fourth-quarter revenue. Shares of HP lost 1% after being downgraded by BofA.
Posts in category Business Standard
Gold hovers below record high, set for best quarter in eight years (30-09-2024)
Spot gold fell 0.2% to $2,653.00 per ounce, as of 0817 GMT, as traders locked in profits following last week’s rally. U.S. gold futures rose 0.2% to $2,674.40
Business Reforms Action Plan 2024 to further strengthen Make in India (30-09-2024)
In a major push to further strengthen the Make in India initiative, the Business Reforms Action Plan (BRAP) 2024 is set to establish a seamless business regulatory framework across the country, enhancing the ease of doing business. Led by the Department for Promotion of Industry and Internal Trade (DPIIT), BRAP 2024 introduces next-generation reforms that address the needs of both businesses and citizens. Building on the successes of previous editions, BRAP 2024 aligns with key government initiatives such as the Reducing Compliance Burden (RCB) and Decriminalisation, while also integrating elements from the World Bank’s upcoming B-READY program. This convergence will streamline regulatory processes, bolster economic growth, and foster greater investor confidence in India’s business landscape.
RIL shares fall over 3%, end as top Sensex loser as investors book profit (30-09-2024)
RIL share: A total of 13.82 million RIL shares, valued at over Rs 3,000 crore, traded on both the NSE and BSE today
Vijaya Diagnostic soars 11%, hits new high in weak market on strong outlook (30-09-2024)
Vijaya Diagnostics share price: Analysts at Nuvama Wealth Management maintain a ‘buy’ rating on the stock with a higher target price of Rs 1,060 per share
Rice stocks surge after govt announces removal of ban on export of non-basmati rice (30-09-2024)
Shares of four rice exporters advanced 1% to 15% today after the government has exempted non-basmati white rice from export duty, while reducing the levy on parboiled rice to 10%.
Japanese markets tumble as incoming PM calls for loose monetary policy (30-09-2024)
The Nikkei average tumbled 4.80 percent to 37,919.55 while the broader Topix index closed 3.47 percent lower at 2,645.94.
Macrotech Developers Ltd leads losers in ‘A’ group (30-09-2024)
Sterling & Wilson Renewable Energy Ltd, Kaveri Seed Company Ltd, Shoppers Stop Ltd and Newgen Software Technologies Ltd are among the other losers in the BSE’s ‘A’ group today, 30 September 2024.
Mankind Pharma’s fund raising committee OKs to raise Rs 10,000 cr via NCDs & CP (30-09-2024)
The pharma major announced that its fund raising committee approved to raise funds through non-convertible debentures (NCDs) and commercial papers (CP) aggregating to Rs 10,000 crore in one or more tranches.
Chinese stocks rise further as central bank announces more stimulus (30-09-2024)
China’s factory activity shrank for a fifth straight month in September but there was some improvement in the overall economic sentiment, an official survey showed.