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Market News

Location American Market News for 2 November 2026
Oil prices dropped amid recent diplomatic efforts to revive peace negotiations between Washington and Tehran.
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Asian Currencies Mixed as Investors Await U.S. Economic Data

Wall Street Journal - 2 Nov 2026 01:08
Asian currencies were mixed in early morning trading. Investors are focusing on U.S. economic data due this week.
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Gold rose in early Asian trade but remains below the key $4,000 level.
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Income Tax: Can married daughters keep gold jewellery at parents' home? ITAT ruling explains tax implications The Delhi ITAT deleted ₹1.13 crore in tax additions after accepting that 3.9 kg of jewellery found at a man's home belonged to his late wife and three married daughters. The ruling highlights how families can estab...
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Apples Growth Machine Is Slowing. High Prices Might Not Save It. The companys shares fell as new CEO John Ternus warned that margins may weaken in future quarters.
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Opinion | The Ethics Rules Behind Weil Gotshals Partner Run

Wall Street Journal - 2 Nov 2026 23:06
Opinion | The Ethics Rules Behind Weil Gotshals Partner Run Bans on outside ownership and noncompete agreements make it hard for law firms to innovate-and sometimes even to survive.
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Life Cycle Funds explained: How these mutual funds work, change asset allocation with age and help plan for retirement Life Cycle Funds automatically shift investments from equity to debt as the target date approaches. Here is how these mutual funds work, who should invest, how to choose the right maturity period and the risks investors ...
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WSJ Dollar Index Falls 0.08% to 97.00

Wall Street Journal - 2 Nov 2026 22:35
The WSJ Dollar Index fell 0.1%, down for four consecutive trading days.
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Americas Multi-Trillion-Dollar AI Buildout Is on the Ballot-and Wall Street Is Watching Investors are following races in key states for pushback against the AI infrastructure build-out.
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Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion Institutional investors who plan to buy shares in the AI companys planned IPO show concern following a selloff in tech stocks.
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U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief

Wall Street Journal - 2 Nov 2026 22:02
U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief Stocks ended mixed after hopes for U.S.-Iranian negotiations caused a slide in the price of oil, while concerns about a potential AI bust weighed on the technology sector.
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Income Tax Returns: 'How India filed in 2026' - 5 trends that reveal how young investors, salaried earners manage money India's income tax filing data reveals five changing money trends: more Indians are earning beyond salaries, young taxpayers are filing complex returns, low-income earners are reporting diverse income sources, young ...
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U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief

Wall Street Journal - 2 Nov 2026 21:23
U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief U.S. stocks ended mixed after hopes for U.S.-Iranian negotiations caused a slide in the price of oil, while concerns about a potential AI bust weighed on the technology sector.
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Silver, gold prices today: 24K gold slips to ₹1.37 lakh, silver below ₹1.80 lakh/kg; check latest 24K, 22K gold rates Gold and silver prices declined in the latest IBJA evening fixing on 2 November. 24K gold fell ₹2,530 to ₹1,37,524 per 10 grams, while 22K gold dropped to ₹1,25,990. Silver prices declined ₹1,372 to ₹1,79,972 p...
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Oil Futures Sell Off on Middle East Diplomatic Progress

Wall Street Journal - 2 Nov 2026 20:34
Oil futures posted their biggest one-day percentage decline since July as diplomatic efforts toward direct peace talks between the U.S. and Iran subtracted risk premium from the market.
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Tax relief in the offing? Sebi moots scrapping 12.5% LTCG tax for FPIs: What it means and how investors stand to gain The proposal has brought the taxation of investment profits into focus, particularly the rules governing gains earned from selling shares and other financial assets.
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Gratuity calculation after 3% DA hike: How central government employees can get up to ₹50,000 more at retirement The Centre's 3% DA hike from 60% to 63% can increase retirement gratuity for central government employees by up to ₹50,000. However, the actual benefit depends on basic pay, qualifying service and the ₹25 lakh gr...
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ITR deadline pushed to November 21 for audit cases: What it means for businesses and taxpayers The revised deadline is expected to provide relief to taxpayers dealing with multiple compliance obligations, particularly those requiring additional time to complete audits, reconcile financial records and verify tax-re...
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Dow Rebounds After Fridays Selloff as Oil Slides

Wall Street Journal - 2 Nov 2026 19:23
Dow Rebounds After Fridays Selloff as Oil Slides Tech stocks early Monday gains are starting to slip away, despite a slide in oil prices.
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Gold Futures Recover Some Ground on Oil-Price Drop

Wall Street Journal - 2 Nov 2026 19:14
Gold futures started the week and the month higher with optimism about diplomatic efforts to end the U.S.-Iran conflict sending oil prices into a tailspin.
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How should NRIs value an overseas LLP for FAST-DS 2026? An Indian resident who acquired a US LLP interest while an NRI wants to declare it under FAST-DS 2026. An expert explains how to value the interest as at 31 March 2026.
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U.S. Treasury, European Bond Yields Fall as Oil Prices Drop

Wall Street Journal - 2 Nov 2026 19:10
U.S. Treasury, European Bond Yields Fall as Oil Prices Drop Yields on Treasurys and European government bonds fell as oil prices dropped sharply on renewed diplomatic efforts to end the conflict between the U.S. and Iran.
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