Latest financial news and market updates
Why are US stock market index futures down today and Nasdaq, Dow Jones and S&P 500 in red again? Wall Street futures fell more than 1% as Iran war tensions continued and oil prices neared $120. Rising inflation fears, higher bond yields, and key economic data this week are adding pressure on markets.
The Economic Times
Ed Yardeni warns of a 35% U.S. stock market crash risk as the United States-Iran war escalates, with crypto-linked equities facing additional pressure.
CoinGape
A new worry is rippling across the stock market lately: entire businesses, not just their employees, may be thrown out of work. While most economists say fears of an AI job apocalypse are overblown, seismic shifts have happened in the past after big tech breakthroughs.
The Star
Stock Market LIVE Updates: There appears to be no let off for the Nifty 50 today after last week's sell-off as the US-Iran war shows no signs of de-escalation. Crude oil prices have crossed $100 per barrel in the global markets, the US Dollar is strengthening, and futures on Wall Street have sold off sharply this morning. Barring the rebound on Thursday, the Nifty fell over 1% on every other day of the truncated week, leading to a wipe out of ₹15 lakh crore worth of investor wealth. The first level on the downside in focus will be last week's low of 24,305. For the Nifty Bank, which is now down 4,000 points from record levels, will also be in focus due to the loan waiver announced in Maharashtra. The biggest focus, of course, will be on oil sensitives, ONGC, Oil India, HPCL, BPCL and the others who are impacted by this too, aviation stocks like IndiGo, paint stocks like Asian Paints and others, FMCG companies, Tyre stocks, and others. Also keep an eye on Meesho and Anthem Biosciences. Watch this space for all the LIVE stock market updates.
CNBC TV18
Another volatile week on Wall Street appears likely as the war in Iran continues.
CNBC
The Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, signaling patience as officials await clearer signs that inflation is sustainably heading toward the 2% target.
Reuters
NVIDIA reported quarterly revenue of $39.3 billion, beating Wall Street estimates by 12%, driven by strong demand for AI chips across data center and cloud computing segments.
Bloomberg
Bitcoin climbed above $95,000 for the first time, fueled by growing institutional interest and the expansion of spot Bitcoin ETFs which have attracted over $50 billion in assets.
CoinDesk
The STOXX Europe 600 gained 1.2% after better-than-expected GDP growth figures from Germany and France suggested the eurozone economy is gaining momentum.
Financial Times
Crude oil futures fell as OPEC+ production cuts faced challenges from growing US shale output, while demand forecasts were revised downward amid global economic uncertainty.
CNBC
Apple unveiled its next generation AI features embedded across iOS, macOS, and all hardware products, marking its most significant AI push to date with on-device processing capabilities.
TechCrunch
Gold prices surged to a new all-time high above $2,900 per ounce as central banks globally increased their gold reserves amid geopolitical uncertainties and de-dollarization trends.
Wall Street Journal
JPMorgan Chase posted first-quarter profits that topped analysts' expectations, with investment banking fees jumping 28% year-over-year on a surge in M&A activity.
MarketWatch
The 10-year Treasury yield dropped to 4.25% as investors sought safe-haven assets amid mixed economic signals and growing concerns about the sustainability of consumer spending.
Bloomberg
The latest Ethereum network upgrade successfully implemented proto-danksharding, dramatically reducing transaction costs and increasing throughput for layer-2 rollups.
The Block
The S&P 500 rose 2.3% for the week, its best performance in four months, led by a broad rally in technology stocks following strong earnings from major chip makers.
Reuters
The US dollar index fell 0.4% as trade policy uncertainty and slowing economic indicators weighed on sentiment, with the euro and yen both gaining ground.
Financial Times
Wall Street indexes fell due to a poor U.S. jobs report and a spike in oil prices amid Middle East tensions. The Federal Reserve's path to rate cuts is complicated, intensifying fears of inflation. Oil's surge affects corporate profits and credit conditions, impacting the stock market significantly.
Devdiscourse
US stock market crash today began with a hard shock. The Dow Jones plunged 902 points to 47,051 within minutes of opening. The S&P 500 dropped 1.63% to 6,719. The Nasdaq fell 1.49% to 22,408. Markets reacted fast. Oil prices surged near two-year highs. WTI crude jumped above $89 per barrel after rising more than 10% in one session. The US jobs report added pressure. Nonfarm payrolls fell 92,000 in February while unemployment rose to 4.4%. Investors fear slowing growth and rising energy costs. Wall Street now watches oil prices, economic data, and geopolitical risks closely.
The Economic Times
