Fed Chair Jerome Powell will be giving a speech at an annual economic conference in Jackson Hole, Wyoming on Thursday. Investors are hoping Powell will offer clarity on further rate hikes. Wall Street ended with gains on Wednesday and Asian markets started on a positive note on Friday.
Domestic demand helps companies sail through in Apr-Jun
Geopolitical issues, a weakening rupee, recessionary concerns across developed markets and high commodity prices had a bearing on the June quarter performance of India Inc., said experts. Managements have indicated that recent input price corrections should drive a margin recovery in Oct-March. (Full Story)
Stocks edge higher as Wall Street waits for Fed speech
Stocks ticked higher Wednesday as Wall Street waits for a highly anticipated speech about interest rates at the end of the week.
The S&P 500 edged up 12.04 points, or 0.3%, to 4,140.77, as traders overall again held off on making big moves. The Dow Jones Industrial Average added 59.64, or 0.2%, to 32,969.23, and the Nasdaq composite rose 50.23, or 0.4%, to 12,431.53. (AP)
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