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Market News

Location American Market News for 8 December 2023

S&P 500 Posts Sixth Straight Weekly Gain

Wall Street Journal - 8 Dec 2023 23:28
The stock index closed higher to post another weekly gain as investors digested slightly hotter-than-expected jobs data and earnings from companies including Lululemon.
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Broadcom's Software Makeover Doesn't Fully Mask Chip Swings

Wall Street Journal - 8 Dec 2023 19:27
The VMware acquisition and AI chips help chip maker's transformation, but Apple still casts a large shadow.
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Makers of prop money say handling big stacks of fake bills made them better at managing the real thing.
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$19 Billion in a Week: AbbVie Makes Two Big Bets

Wall Street Journal - 8 Dec 2023 14:00
The drugmaker is doubling down on cancer and neurology as it seeks to replace falling revenue from its top sellers.
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Total outstanding bonds surge in September

livemint.com - 8 Dec 2023 13:19
Total outstanding bonds surge in September As of September 30th, 2023, India's cumulative outstanding bond value amounted to Rs. 2,05,26,243.06 crores, marking an increase from Rs. 2,00,09,520 crores as of June 30th, 2023, and Rs. 1,92,43,794 crores reported on M...
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Big Labor Is a Big Barrier to Apple's India Ambitions

Wall Street Journal - 8 Dec 2023 12:52
India's moment as a manufacturing hub is here but to truly capitalize on that, it needs labor market reforms.
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SIPs hit a new high in November, exceeding ₹17,000 crore Small and mid-cap schemes continue to attract investor interest, amidst overall drop in equity fund inflows.
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Luxury Stores Are Bursting With Unsold Stuff

Wall Street Journal - 8 Dec 2023 12:30
As growth slows across the luxury industry, designer labels need discreet places to unload excess inventory
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What does RBI's MPC meet outcome spell for banking and housing loan sectors? Favourable economic indicators and a steady interest rate environment have the potential to draw investments into the banking sector, fostering additional growth and advancement. With the anticipation of interest rates r...
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44% of households experiencing rise in health-related expenses, says survey Consumer spending in India is increasing, with 58% of families reporting higher spending and 46% feeling financially secure.
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Double Trouble: Investors Fight Fed on Two Fronts

Wall Street Journal - 8 Dec 2023 07:03
While rate expectations have plunged for next year, further out they are still high.
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Your Questions Answered: How can I invest in the US market via Indian mutual funds? Diversification is vital in investments, and exploring beyond the domestic stock market can broaden opportunities. Indian international mutual funds, like those emphasizing the S&P 500, provide Indian investors access to...
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What Your Friends Can Teach You About Money

Wall Street Journal - 8 Dec 2023 04:00
Millennials and Gen Z are turning to peers instead of professionals for financial advice. They don't trust banks, and they are tired of information overload.
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Lululemon struck a positive tone about the holiday shopping season on Thursday, but its fourth-quarter guidance came in light of expectations.
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