US Stock Market: Shares open higher as some calm returns to Wall Street
A day earlier, stocks tumbled after the Federal Reserve indicated that while the end may be near for its economy-crunching interest rate hikes, it doesn't expect to cut rates this year.
Stocks are opening higher as some stability returns to Wall Street following a couple days and weeks of sharp swings. The S and P 500 was up 0.9 per cent early on Thursday.
The Dow and the Nasdaq also rose. Treasury yields were mixed. A day earlier, stocks tumbled after the Federal Reserve indicated that while the end may be near for its economy-crunching interest rate hikes, it doesn't expect to cut rates this year.
Many investors still think the Fed will, however. The high rates, which are meant to fight inflation, also put pressure on banks and risk tipping the economy into a recession.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
lok-sabha-elections-2024-final phase-7 voting-date-last day to vote general election timings-states-seats-key-candidates-constituencies-ls-polls-general-election-schedule-time-table-results-date
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Rules Changing from June 1: Aadhaar card update, driving license, LPG price and others - Check Full List
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Gold and Silver rate today (May 30, 2024): Precious metal futures trade in red; yellow metal near Rs 72,000, white metal falls by nearly Rs 1,500
Top 5 Defence PSU Stocks: Investors buying 1 unit of top PSU defence stock a month made Rs 40,299.40 on Rs 23,003.25 investment in 1 year
09:19 PM IST