US Markets

  • Dow Jones average closes above 16,000 for the first time 22-11-2013 08:40 AM

    New York: The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher. Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the...
  • Global woes drag Sensex 347.50 points down 30-09-2013 09:30 AM

    Mumbai: The BSE benchmark Sensex on Monday slumped by 347.50 points to touch a new three-week low on all-round selling in step with global markets which sank as the US braced itself for a government shutdown, political tension surfaced in Italy and tepid factory data jolted China. Investors also took...
  • BlackBerry failed to sustain in the face of heavy competition 25-09-2013 10:53 AM

    From being the creator of the first smartphone more than a decade ago, BlackBerry could not sustain itself in the face of heavy competition. Even US President Barack Obama vowed to hang onto his BlackBerry at all costs-before taking office in 2009. ...
  • Premji sees double-digit growth for Wipro in coming years 26-07-2013 12:18 AM

    Bangalore: Wipro is poised for double-digit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said on today. Wipro can achieve growth levels in double-digits of at least 15 per cent in US dollar terms in the coming years as the...
  • Sensex ends 282 points up 12-07-2013 09:49 AM

    Mumbai: The BSE benchmark Sensex on Friday rose by over 282 points to close at a fresh six-week high led by gains in IT sector stocks as Infosys surged by 11 per cent on smart first quarter results, while NSE index Nifty crossed the 6,000-mark for the first time in...
  • Renewed US demand to lift Infosys, IT sector outlook 10-07-2013 07:19 PM

    Bangalore: The strongest growth outlook for US demand for information and communication technology since the 2008 financial crisis is likely to help Narayana Murthy revive Infosys Ltd, the Indian IT giant he founded, but the updraft will also boost its faster-growing rivals. India's second largest computer services exporter, once seen...
  • Greek tragedy hits world, but Sensex climbs 02-11-2011 09:32 AM

    Mumbai: The 50-share NSE Nifty rose 0.5 per cent after a recovery in Asian markets on Wednesday. Oil & gas, FMCG, Anil Dhirubhai Ambani Group stock, select technology and financial stocks led the support. The BSE Sensex gained 86 points at 17,567 and the NSE Nifty jumped 26 points to...
  • Sensex rises 156 pts; IT stocks lead rally 23-08-2011 09:21 AM

    Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index initially touched the day's...
  • S&P President Sharma stepping down: report 23-08-2011 08:28 AM

    Sydney: The President of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of US government debt, the Financial Times reported. Citing people familiar with the matter, the FT said Sharma would be replaced by Douglas Peterson, chief operating...
  • Stocks hit by US selloff in short term: Pranab 19-08-2011 09:58 PM

    New Delhi: The Indian stock markets have been affected by the US market sentiments in the short term, even though the country's economy is robust and its growth story is intact, Finance Minister Pranab Mukherjee said in a statement released after market hours on Friday. Indian shares fell nearly 2...
  • Wall St recovers, S&P 500 and Nasdaq up 4 pc 12-08-2011 12:04 AM

    New York: The S&P 500 and Nasdaq rose more than 4 per cent in afternoon trading on Thursday while the Dow added to gains, with energy and financial services companies among the strongest sectors. Solid results from Cisco and mildly encouraging US jobs data helped stocks recover from recent steep...
  • Wall Street tumbles on French bank worry 10-08-2011 07:50 PM

    New York: US stocks fell sharply on Wednesday, wiping out most of the previous session's gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them....
  • Bloodbath over, Sensex ends in green 10-08-2011 09:18 AM

    Mumbai: The BSE benchmark snapped a five-day losing streak, on Wednesday, rallying 1.6 per cent following strong global cues, which included the US Federal Reserves pledge to keep interest rates near zero for two more years. However, a volatile European market and fragile US index futures kept investors on the...
  • Fed promises to keep rates low for 2 years 10-08-2011 12:03 AM

    Washington: The Federal Reserve on Tuesday said it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that faced considerable internal dissent. It was unclear whether the decision, which involved no new commitment of funds...
  • Wall Street pares gains after Fed statement 09-08-2011 07:25 PM

    New York: Stocks pared gains and the Dow and S&P 500 briefly turned negative on Tuesday in volatile trading after the US Federal Reserve said the economy had weakened. The Dow Jones industrial average was up 60.43 points, or 0.56 per cent, at 10,870.28. The Standard & Poor's 500 Index...
  • US will be a 'AAA' country: Obama 09-08-2011 08:00 AM

    President Barack Obama essentially dismissed the first-ever downgrade of the US credit rating. ...
  • Markets down on global cues; no panic selling 08-08-2011 07:47 PM

    The European market surprisingly opened up after ECB decided to buy the bonds of Italy and Spain. ...
  • 1 in 3 chance of future downgrade: S&P warns US 08-08-2011 07:16 AM

    Washington: Issuing a fresh warning, Standard and Poor's on Sunday said that there is one-third chance of further downgrading of US's sovereign credit rating, two days after it downgraded it from AAA to AA+, sending shock waves across the country. Giving a bleak future of America's credit rating, a top...
  • Jobs report is good enough to calm Wall Street 06-08-2011 12:26 PM

    Washington: Better. The job market beat expectations, and the stock market managed a modest gain - not great, but good enough after a turbulent week. The nation added 117,000 jobs in July, the government said on Friday - far from what happens in a healthy economy, and only good for...
  • Wall Street crash: Americans upset with govt 06-08-2011 08:07 AM

    The Wall Street crash has triggered a lot of talk about debt ceilings, jobs and the economy. ...
  • 'Wall Street's impact on India is limited' 05-08-2011 03:16 PM

    New Delhi: With fears of the world heading towards another financial crisis written all over global markets, the Indian market is not likely to be any safe from the carnage. However, in an interview with CNBC-TV18, portfolio manager, PN Vijay says that Friday maybe the 'last tough day' for investors....
  • US markets worst hit in two years 05-08-2011 09:31 AM

    Wall Street is reeling after suffering its single worst day since the 2008 financial crisis. The Dow alone plummeted more than 500 points on Thursday. ...
  • Wall Street slide sends waves across US economy 05-08-2011 09:09 AM

    New York: A scary drop in stocks and commodities threatens to squeeze life out of an already faltering US economy, with deal-making, investment in plants and equipment, and capital raising at risk of slowing down or freezing up. This will likely further damage consumer confidence, already jarred by the toxic...
  • Impact of the Republican lead on US market 03-11-2010 11:36 AM

    Two years after Obama won the White House, voter anxiety about the economy and discontent with his leadership fueled big Republican gains. ...
  • Mahindra & Mahindra to enter US market 15-07-2009 01:14 PM

    ...