On top of this, the macroeconomic environment isn’t looking particularly friendly to stocks. After cutting interest rates in August, the Bank of England decided to hold steady in September. The first is that stocks look expensive – and not just US ones. In terms of individual stocks, 20 out of the 30 constituents of the Nifty 50 index closed in the red.
Stock markets
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Hong Kong Dials Back Market Sounding Rules for Listed Shares
On Nasdaq, more than 51% of all stocks are down, while fewer than 38% are rising in price. Advancing Nasdaq volume is doing better https://medium.com/aimonks/top-7-secret-websites-that-pay-you-100-1000-to-work-from-home-42170e73c65c than on the NYSE, totaling more than 53% of all shares traded versus more than 46% of declining volume’s share. Nearly 68% of all the stocks traded on the New York Exchange are down in price, 1904 out of 2820.
Uncertainty due to US Presidential Elections
Europe’s largest lender HSBC on Tuesday reported third-quarter earnings that beat analysts’ expectations, boosted by strong revenue growth, as it embarks on a major restructuring to balance its operations in China and the West. We have taken reasonable steps to ensure that any information provided by The Motley Fool Ltd, is accurate at the time of publishing. The content provided has not taken into account the particular circumstances of any specific individual or group of individuals and does not constitute personal advice or a personal recommendation.
Markets
Cipla led the decline with a drop of 4%, followed by Shriram Finance, SBI Life Insurance, Trent, HDFC Life Insurance, and Infosys, which https://www.investopedia.com/terms/c/cryptocurrency.asp all lost up to 2%. Other sectoral indices, including Nifty Consumer Durables, Nifty Pharma, and Nifty IT, all recorded declines exceeding 0.8%. Conversely, Nifty Media gained 2.34%, followed by Nifty FMCG with an increase of nearly 1%. Consequently, the Nifty 50 ended the session with a 0.51% dip at 24,340, while the Sensex ended the trade with a drop of 0.53% at 79,942. Meanwhile, both mid- and small-cap indices extend their winning run for the third consecutive trading session, with the Nifty Midcap 100 gaining marginally by 0.16% and the Nifty Smallcap 100 rallying 1.05%.
They said the Indian indices like Sensex, Nifty 50 and Bank Nifty, etc., are still at premium valuations despite the recent route. US stocks closed lower Wednesday as Alphabet’s (GOOG, GOOGL) strong earnings boosted optimism for Big Tech results but failed to lift the tech-heavy indexes. Meanwhile, crucial GDP and labor market data continued to add data pieces to the Federal Reserve’s puzzle ahead of its next interest rate decision. On Monday, nearly https://www.wikidata.org/wiki/Q13479982 99 million shares traded hands, compared with a 10-day average volume of 57.3 million shares. The stock, which closed Monday at $47.36, was already active before the market’s open on Tuesday.
- Shares popped more than 23% in afternoon trading and hit highs not seen in more than a year.
- The FTSE 100 is up almost 7% and the S&P 500 has gained around 23%.
- Bitcoin has been confined to a tight range between $55,000 and $70,000.
- On Monday, nearly 99 million shares traded hands, compared with a 10-day average volume of 57.3 million shares.
The value of stocks, shares and any dividend income may fall as well as rise and is not guaranteed, so you may get back less than you invested. You should not invest any money you cannot afford to lose, and you should not rely on any https://momentum-capital-crypto.com/ dividend income to meet your living expenses. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes and different accounting and reporting standards. They may have other tax implications, and may not provide the same, or any, regulatory protection.
Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock price rises in the currency of origin. Any performance statistics that do not adjust for exchange rate changes are likely to result in an inaccurate portrayal of real returns for sterling-based investors. Reddit (RDDT) shares climb after the company’s third quarter results beat analyst estimates and showed the company reached profitability. Yahoo Finance Executive Editor Brian Sozzi sits down with Reddit CEO Steve Huffman to discuss the results. Yes, we’re very proud of the quarter we just put up, but really at the end of the day, our strategy for the last couple of years has been to make Reddit better, faster, safer, easier to use, and that drives growth. And then growth, in turn, means more reach for advertisers,” Huffman tells Yahoo Finance.