Posts in category Economic Times
At multi-year highs: These 5 stocks witness 5-year swing high breakout (17-05-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Positive Breakout: Sunteck Realty and 2 other stocks cross above their 200 DMA (17-05-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Big movers on D-Street: What should investors do with Tata Technologies, Apollo Tyres and Vodafone Idea? (17-05-2024)
Stocks that were in focus include names like Tata Technologies, which closed flat, Apollo Tyres, which jumped 3.14%, and Vodafone Idea, whose shares fell 0.76% on Thursday.
Asian stocks ease on uncertainty over timing of U.S. rate cuts (17-05-2024)
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14% after touching a two-year high on Thursday. The index was still set for an increase of 2.6% this week for its fourth straight week of gains.
Fed remains cautious on cuts even as data improves (17-05-2024)
"I don't see any indicators now telling me ... there's a reason to change the stance of monetary policy now," Williams said in an interview with Reuters, adding that he did not expect the case for a rate cut to fall into place "in the very near term."
Cannabis stocks rally after DOJ proposal to reclassify marijuana (17-05-2024)
Under the proposal, cannabis would be reclassified from a so-called Schedule I drug, which are considered highly additive with no medical benefits, to a Schedule III, signifying it has moderate to low potential for physical and psychological dependence.
GameStop and AMC tumble as meme stocks rally deflates (17-05-2024)
Unlike 2021, when Reddit users banded together to target highly shorted stocks that burned the bearish bets of hedge funds, institutional investors too were part of the meme-stock mania, Vanda Research, which tracks retail investor flows, said.
Gold prices set for second weekly gain on Fed rate outlook (17-05-2024)
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, indicating that labor market conditions remain fairly tight even as job growth is cooling.