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…
Following a suspected Israeli strike on its embassy compound in Syria on April 1, which resulted in the deaths of senior Revolutionary Guard leaders, Iran launched the attack.
The Nasdaq Composite dropped 1.12 percent to 16,257.53 and the S&P 500 declined 1% to 5,147.24 at 9:30 pm IST. Additionally, the Dow Jones Industrial Average dropped to 38,141.86, or almost 1% less than before.
Following the Federal Aviation Administration's announcement of increased oversight of the airline as a result of many safety problems, United Airlines' shares likewise experienced a 6% decrease.
The markets are focused on whether the Fed will continue to project three interest rate reductions in 2024, even though it is largely predicted that it will keep its current interest rate level.
Foreign investors, who had been significant sellers in January, continued the modest trend they had begun in February. Market analysts emphasized that this month, FPIs made some bulk investments through the stock markets.
A report from the labor department indicated that the Producer Price Index (PPI) increased 0.6% in February over the previous month. Before February, the PPI increased by 1.6% during a 12-month period.
US equities fell on Monday as traders awaited important inflation data that may provide hints about the US Federal Reserve's intentions to lower interest rates later in the year.
At the opening, the Dow Jones Industrial Average dropped 26.33 points, or 0.07%, to 38,397.94. At the opening bell, the Nasdaq Composite gained 6.15 points, or 0.04%, to 15,865.30, while the S&P 500 opened up by 2.52…