By Sherry QinChinese artificial-intelligence chip company Cambricon Technologies became the first stock on a Nasdaq-like local venue to join the trillion-yuan club, only to lose the status on the following day amid heightened volatility.Cambricon's market capitalization surpassed 1 trillion yuan, e…
Shares of Mahindra & Mahindra Ltd rose 3 percent on Wednesday after the automaker reported stronger-than-expected June sales across its automotive and tractor businesses, with both segments comfortably beating market estimates.At 10:01 am, M&M shares were trading at Rs 3,161, up 3 percent, making t…
July is a very underrated month of the year for global equities, ranking as the second-best month for both the S&P 500 and ASX 200.Since 1980, the S&P/ASX 200 has averaged a 2.13% gain in July and finished higher 72% of the time.Source: Market IndexOur S&P/ASX 200 Total Returns data goes back to 20…
According to Bloomberg, Asian equities edged lower as investors turned cautious after a rally in chipmakers and tech stocks helped propel them to their best quarter in 17 years. MSCI's regional equities gauge dropped 0.2%, snapping a two-day gain, with nine of 11 subgroups declining.Stocks in Japan…
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by strong gains in the technology sector, which mirrored their peers on the tech-heavy Nasdaq. Traders also refrained from big moves due to the lac…
India’s proprietary trading firms are bracing for a funding squeeze from the Reserve Bank of India that could pressure returns from strategies including cash-futures arbitrage, options market making and index arbitrage, according to Bloomberg.
Circle (CRCL) has been removed from multiple major Russell Growth Indexes as part of the latest Annual Reconstitution. According to Odaily, the adjustment covers five key Russell Growth indexes, including the Russell 1000 and Russell 3000, which are tracked by many institutional investors and passi…
TOKYO (dpa-AFX) - The Japanese stock market is trading significantly higher on Wednesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 70,650 level, with gains in technology and financial st…
U.S. stock futures retreated in the overnight session late Tuesday after posting a strong quarter despite the war with Iran. The Dow posted its best first half since 2021, while the small-cap Russell 2000 posted its strongest H1 since 1991.Meanwhile, Federal Reserve Chairman Kevin Warsh is schedule…
Indian benchmark indices are likely to open on a flat note on July 1, tracking muted cues from GIFT Nifty, which was trading around 23,987 during early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian benchmark indices ended lower in a volatile session on the June deriv…
BEIJING (dpa-AFX) - The China stock market has tracked higher in consecutive trading days, gathering almost 70 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the 4,100-point plateau and it's expected to open to the upside again on Wednesday.The global forecas…
The benchmark indices witnessed a one-third of a percent correction on June 30, but market breadth turned positive. About 1,634 shares advanced against 1,357 declining shares on the NSE. The market is likely to remain range-bound as long as it trades below the previous week's high. Below are some s…
TOKYO (dpa-AFX) - Large manufacturing in Japan accelerated in the second quarter of 2026, the Bank of Japan's quarterly Tankan Survey of business sentiment showed on Wednesday with a diffusion index score of +22.That beat forecasts for +16 and was up from +17 in the previous three months.The outloo…
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TOKYO (dpa-AFX) - The Japan stock market has moved higher in back-to-back sessions, collecting more than 700 points or 1.1 percent along the way. The Nikkei 225 now sits just above the 70,050-point plateau and it may extend its gains again on Wednesday.The global forecast for the Asian markets is u…
U.S. stock indices ended higher on Tuesday, tracking gains in chipmaker stocks, while the Dow Jones ended its best first half in five years.The S&P 500 rose 0.8%, the Nasdaq 100 gained 1.7% and the Dow Jones rose 0.3%. The Russell 2000, which tracks stocks with small market capitalizations, rose 0…
US equity financing costs have climbed sharply into quarter-end, creating a possible pressure point for investors even as repo markets show only modest stress. The July contract tied to the S&P 500 (SPY) total-return index touched 200 basis points on June 26, far above its 62-basis-point average in…
WASHINGTON (dpa-AFX) - Following the rally seen over the course of Monday's session, stocks saw further upside during trading on Tuesday. The major averages all moved higher on the day, with the tech-heavy Nasdaq extending yesterday's surge.The Nasdaq shot up 393.58 points or 1.5 percent to 26,213…
Artificial intelligence infrastructure is expected to remain the biggest driver of corporate profits in the second quarter, with Wells Fargo forecasting 22% year-over-year earnings growth for the S&P 500.The bank expects S&P 500 earnings per share to accelerate from 19% growth in the first quarter…
DURHAM, N.C., June 30, 2026 (GLOBE NEWSWIRE) -- Pelthos Therapeutics Inc. (NYSE American:PTHS, a biopharmaceutical company committed to commercializing innovative therapeutic products for unmet patient needs, (“Pelthos”), today announced that the company was added as a member of the Russell 3000E™…