Wall Street

Stocks are holding relatively steady Tuesday, as Wall Street continues to find more calm following its tumultuous swings in March. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down by 44 points, or 0.1 per cent, at 33,556, as of 9:50 a.m. Eastern time, while the Nasdaq composite was 0.1 per cent lower. Both the stock and bond markets have been steadying after swerving sharply through the first three months of the year. Many big questions still weigh on Wall Street, but the worst fears driven by the second- and third-largest US bank failures in history have abated following forceful actions by regulators around the world. Investors are still split on whether the US economy will fall into a recession and how badly profits for companies are set to fall. The biggest question remains what the Federal Reserve will do next with interest rates after hiking them furiously over the last year to get high inflation under control. A report ..

The scene was reminiscent of the last financial crisis, nearly 15 years ago: Faced with a blossoming emergency in the banking sector, worried regulators and policymakers in Washington turned to Wall Street for help. The anxiety this week centred on First Republic Bank in San Francisco, which was once the envy of the banking sector, with its wealthy and well-travelled clientele. Now the bank was reeling after some of those customers withdrew billions of dollars. As early as Tuesday, it became clear to policymakers that the First Republic needed to be rescued or it could fail, two people briefed on the matter told The Associated Press, speaking anonymously because they were not authorized to discuss details. The result was a swift agreement among the nation's leading banks to lay aside competitive instincts to come to First Republic's aid. With Washington greasing the wheels, a coalition of lenders put USD 30 billion in uninsured deposits into the California-based bank as a show of ..

Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%

Wall Street is worried about what may be next to topple following the second- and third-largest bank failures in U.S. history, and stocks are swinging sharply Monday as investors scramble to find someplace safe to park their money. The S&P 500 was virtually unchanged in morning trading, but only after tumbling 1.4% at the open. The sharpest drops were again coming from banks. Investors are worried that a relentless rise in interest rates meant to get inflation under control are approaching a tipping point and may be cracking the banking system. The U.S. government announced a plan late Sunday meant to shore up the banking industry following the collapses of Silicon Valley Bank and Signature Bank since Friday. The most pressure is on the regional banks a couple steps below in size of the massive, too-big-to-fail banks that helped take down the economy in 2007 and 2008. Shares of First Republic plunged 78%, even after the bank said Sunday it had strengthened its finances with cash ..

Wall Street mixed as investors weigh possible rate hike pause, bank contagion risks

The World Bank needs a leader who will prioritize the urgency of the climate crisis, not another big business executive, said Collin Rees, US program co-manager at Oil Change International

Claims remain low despite high-profile layoffs in the technology sector and other industries highly sensitive to interest rates

The stock, which initially rose 2.7% in after-hours trading, fell 3%

CLOSING BELL: Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 per cent

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Futures for the Dow Jones Industrial Average and the S&P 500 slid 0.8% before the opening bell

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent

The futures for the S and P 500 and Dow Jones Industrial Average edged 0.1per cent lower

CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets

Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer

CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent

CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively