Page 3 - Us Market

Gold prices fall 1-week low on firm US dollar, rebounding treasury yields

The U.S. dollar traded close to its highest since the start of the year, making gold more expensive for holders in other currencies.

HealthifyMe raises Rs 560 crore, aims to tap North America market

Leading AI health and fitness app HealthifyMe on Tuesday announced it has raised $75 million (nearly Rs 560 crore) in a Series C round led by LeapFrog and Khosla Ventures.

FCC votes to finalise programme to replace Huawei equipment in US networks

The FCC's final order expands the companies eligible for reimbursement from those with 2 million or fewer customers to those with 10 million or fewer customers.

Gold price holds tight range as traders seek direction from US data

Spot gold was up 0.3% at $1,811.95 per ounce by 1208 GMT. U.S. gold futures were 0.2% higher at $1,809.80.

Lupin launches generic antifungal Tavaborole Topical Solution in US market

Drug maker Lupin on Tuesday said it has launched antifungal product Tavaborole Topical Solution in the US market.

Best of BS Opinion: US mkt exceptionalism, fall in urban male jobs & more

Here are the best of Business Standard's opinion pieces for Tuesday

US market exceptionalism

A bet on US outperformance is a bet on tech, which is near the end of its own hype cycle

Wall St opens higher as attention shifts to key US business surveys

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

Wall Street opens higher after data signals improving labour market

Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession

Oil steadies after sell-off as US stockpiles rise less than expected

Crude inventories in the United States increased by 1.3 million barrels last week, against analysts' expectations for a 1.6 million-barrel rise

S&P 500, Dow slip as telecom stocks eclipse upbeat results from retailers

Despite strong results, Home Depot's shares came under pressure due to the lack of a solid outlook and disappointing housing data.

Federal Reserve unlikely to change its stance in the near term: Analysts

Say volatility in India and other markets due to inflationary pressure in the US likely to be transitory

Tesla's market value set to gain $50 billion on record EV deliveries

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

Grab Holdings weighs listing on US bourses through SPAC merger

Merging with a SPAC, a shell company whose sponsors raise money from investors in order to buy a private company

Bharat Biotech inks pact to commercialise Covid-19 vaccine Covaxin in US

Ocugen, a Nasdaq-listed firm, focuses on developing and commercialising gene therapies to cure blindness diseases

US stocks suffer worst one-day loss in 3 months due to overbought markets

US stocks suffered their worst one-day loss in three months on Wednesday, with the three major equity indexes tumbling more than 2 per cent each, amid fears the market had been overbought after a rally with few breaks since late October.The Dow Jones Industrial Average, the broadest gauge of the New York Stock Exchange, lost 634 points, or 2.1 per cent, to close the day 30,303. The last time the index lost more was on October 28, when it fell 3.5 per cent.The S & P 500, a barometer for the top 500 US stocks, settled down 2.6 per cent at 3,751.The technology-laden Nasdaq index, which counts on the performance of industry giants such as Facebook, Apple, Amazon, Netflix and Google, also tumbled 2.6 per cent to finish at 13,271."It's a jittery moment for markets at the start of the year, with investors craving constant reassurance that the rug won't be pulled out from beneath them," Craig Erlam, an analyst at New York-based equities broker OANDA. "The current COVID situation creating .

Chinese vaping firm RLX valued at nearly $35 billion in US market debut

American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.

Wall Street hovers near record highs after Biden bounce; Ford Motor up 3%

President Joe Biden is expected to launch an array of initiatives during his initial days in office, including ramping up testing and vaccine rollouts.

Equities hit record highs; oil, dollar edges higher as Biden takes office

U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about debt later at a confirmation hearing Tuesday

Gland Pharma's growth trajectory to remain elevated in medium term

Margin expansion to support profits, clean regulatory track record to help sustain growth journey