Stock Market Update: Dow Jones, S&P 500, Nasdaq Rebound; Nvidia Soars After Positive AI Report
Stock Market Closes Higher Despite Trimmed GainsThe Dow Jones Industrial Average and other major stock indexes finished higher on Friday, although they trimmed their gains as the day progressed. A soft inflation report provided a positive backdrop for the market, with efforts continuing
PSX Drops 1,216.86 Points After KSE-100 Briefly Surpasses 115K Barrier in Intra-Day Trading
The Pakistan Stock Exchange (PSX) experienced a decline on December 13, 2024, with the KSE-100 index dropping by 1.07%, closing at 112,963.64 points. The market had briefly surged to a high of 115,172.44 points earlier in the day before falling back to a
Wall Street Records Continue: S&P 500 Hits High Amid Mixed Global Market Trends
U.S. stocks reached new heights on Tuesday, continuing their strong performance this year. The S&P 500 rose by 2 points, marking its 55th record high of 2024. This marks a significant rally, with the index climbing in 10 out of the last 11
Hajj 2025: Banks to Stay Open on Weekends for Pilgrim Applications and Payments
To assist citizens planning for Hajj 2025, designated banks across Pakistan will remain open on Saturday, November 30, and Sunday, December 1, 2024, to process Hajj applications and payments. These branches will operate from 9:00 AM to 2:30 PM on both days, as
Blue Yonder Hit by Ransomware Attack, Disrupting US and UK Grocery Chains
Blue Yonder, a major Arizona-based software company that provides supply-chain management services to large grocery stores in the US and UK, has been hit by a ransomware attack. The attack, which occurred over the weekend, targeted Blue Yonder’s private cloud computing services used
Global Stocks Slip as Dollar and Bond Yields Remain High; Nvidia Earnings in Focus
Highlights: London, Nov 18, 2024 – The U.S. dollar and Treasury bond yields stayed firm near multi-month highs on Monday, fueled by expectations that the Federal Reserve would slow down interest rate cuts. Meanwhile, global equities softened, with investors anticipating Nvidia’s earnings report
CLSA Sees 70% Upside in RIL Stock Amid New Energy Growth, Jio IPO & Solar Gigafactory Launch
Reliance Industries Ltd. (RIL) shares are currently trading at an attractive entry point, according to CLSA, which assigns an “Outperform” rating with a target of Rs 1,650. The brokerage sees significant upside potential, forecasting a 70% rally in RIL’s stock price under a