Wall Street status: US stocks slides down by megacaps, while Treasury yields rise
On Wednesday, US Treasury yields increased again.
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crude oil
Wall Street next week: Investors seeks forthcoming Federal Reserve’s interest rate decision
In order to gain insight into the future monetary policy trajectory of the US central bank, investors will also be keenly monitoring Fed Chairman Jerome Powell's news conference.
Processing volumes of crude oil surges to 23.4 mmt in March: PPAC figures
As per the reports, in comparison to 23 MMT of oil processed in March 2023, the overall processed volumes increased by 1.6%.
India’s crude oil consumption jumps to 4.6% in FY24, output stands at 0.6%, imports unchanged
In fiscal year 2023–24 (FY24), India's overall consumption of crude oil and petroleum products increased by 4.6 8% to 233.3 million metric tons (MMT), but domestic crude oil output increased very little, by 0.6%.
Wall Street on Tuesday: US market indices rise; General Motors shares increased by 4.8%
The strong profits from General Motors, Lockheed Martin, and other companies helped US market indices rise on Tuesday. Following the automaker's quarterly results that exceeded Wall Street projections, General Motors shares…
Wall Street: US equities soars as tensions subsides in the Middle East
As Middle East tensions subsided, US equities saw a recovery on Monday following sharp losses in the previous day. By 9:40 a.m. ET, the Dow Jones Industrial Average had increased by 44.85 points, or 0.12%, to close at…
Wall Street next week: Spotlight on US GDP, earnings of Tesla, Microsoft, Alphabet, Meta Platforms
S&P flash US services PMI and S&P flash US manufacturing PMI data for April will be announced on Tuesday, April 23. The same day will see the release of a report on new house sales for March.
Wall Street: Megacap stocks drives Wednesday’s spike in US equity indices
The Dow Jones Industrial Average increased by 150.70 points, or 0.40%, to 37,949.67 at the opening bell. The Nasdaq Composite rose 77.03 points, or 0.49%, to 15,942.29. The S&P 500 was up 17.56 points, or 0.35%, at…
Iran’s crude oil output has increased by 20% in just 2 yrs, accounting to 3.3% of the…
Under the Organization of the Petroleum Exporting Countries (OPEC) cartel, which is headed by oil giant Saudi Arabia, Iran is the third-largest producer.
Global markets: Dow Jones down, S&P 500 and Nasdaq witnesses growth post inflation data
US stocks were neutral on Thursday after retreating from their early gains. Concerns that interest rates would remain high for some time were alleviated by the producer price data, which was lower than expected.
US crude inventories rose less than anticipated, Brent around $86/bbl
After reaching their highest points since October last week, crude prices have since dropped and are currently only 3% above the average closing price in the first week of March.
Oil remains steady this week as US dollar strengthens; Brent etches $85/bbl
US crude ended the day 44 cents down, at $80.63 a barrel. According to news agency Reuters, both benchmarks saw changes of less than one percent.
Government raises windfall tax on petroleum crude to ₹4,900 per tonne
On Friday, March 15, the administration of Narendra Modi raised the windfall tax on crude oil, which will take effect on March 16.
PM Modi launches the first crude oil tanker from the KG project of ONGC
The first cargo of crude oil from ONGC's recently launched Krishna Godavari deepwater project was flagged off by Prime Minister Narendra Modi on Saturday aboard the vessel "Swarna Sindhu."
Oil prices remain within range amidst less possibility of dip in rates, know more
Following Street predictions, the benchmark interest rates were kept at 5.25 to 5.50 percent for the fourth consecutive meeting.