Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic
Fed chair makes clear FOMC will only react to actual data
Shares of the largest US banks dropped in pre-market trading on Friday immediately following the Fed's announcement
The index rose close to 500 points on opening after the US Federal Reserve (Fed) pledged to shrug off inflation worries for a while and keep the monetary policy loose through 2023
Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)
On March 31, an emergency pandemic regulatory relief measure that for the past year has allowed Wall Street banks to hold less loss-absorbing capital against certain assets is due to expire
Progressives, including Senators Elizabeth Warren and Sherrod Brown, who now heads the Senate Banking Committee, say banks are cynically seizing an opportunity to ease more rules
Gold rose to a two-week high after the US Fed pledged to keep near-zero interest rates until 2023, although the gains were capped by the central bank's forecast of a strong economic rebound
Gold prices rose on Thursday, as the dollar weakened after the US Federal Reserve kept the interest rate unchanged and reiterated its stance to keep benchmark rates near-zero through at least 2023
Here are the top business headlines on Thursday
The US economy is heading for its strongest growth in nearly 40 years, the Fed said, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation
Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%; Powell says worst economic outcomes of pandemic avoided
An exemption on the "supplemental leverage ratio" was put in place at the start of the coronavirus pandemic to encourage big banks to lend and support bond and short-term funding markets
The benchmark yield surged to 1.676%, the highest level since February 2020
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
Gold prices edged up to hover near their highest in over two weeks on prospects of higher inflation, although trade was range-bound as investors exercised caution ahead of the US Federal Reserve meet
(Reuters) - The S&P 500 ended lower on Tuesday, weighed down by energy and industrial stocks as investors awaited the result of the Federal Reserve's two-day policy meeting.
Apple biggest boost to S&P 500, Nasdaq; retail sales drop more than expected in Feb
Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday
E-mini futures for the S&P 500 hit a record high before trading flat on the day