Investing

NEW YORK — U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 slipped 0.3% to pull 0.9% below its all-time high set in July. The Dow Jones Industrial Average dipped 103 points, or 0.2%, though it remains close to its record set on Monday. The Nasdaq composite lost 0.3%. The momentous move by the Fed helps financial markets in two big ways. It eases the brakes off the economy, which has been slowing under the weight of higher rates, and it…

Va Tech Wabag (VTW) stock price surged up to 2.3 percent intraday high of Rs 1344.15 per share on the BSE on Monday. This came amid a positive development for the firm as the domestic brokerage firm Axis Securities, initiated coverage on the water supply and management company with a ‘Buy’ rating at a target price of Rs 1,700 per share. This is valued at 23 times its FY26 earnings per share, reflecting an upside of 29.4 percent from Friday’s closing price. The brokerage firm said that Va Tech Wabag is presently riding the wave of sustainable growth with its…

NEW YORK (AP) — Wall Street is rallying closer to its records on Thursday following signals the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. The S&P 500 was up 1.3% in midday trading and on track for a sixth straight gain as the U.S. stock market rights itself following a scary few weeks. It’s back to within 2.5% of its all-time high set last month after earlier falling nearly 10% below it. The Dow Jones Industrial Average was up 444 points, or 1.1%, as of 11:30 a.m. Eastern time, and the…

BANGKOK (AP) — Japan’s benchmark Nikkei 225 stock index plunged 12.4% on Monday, resuming sell-offs that are shaking world markets as investors fret over the state of the U.S. economy. The Nikkei closed down 4,451.28 points at 31,458.42. The market’s broader TOPIX index fell 12.8% as selling picked up in the afternoon. European markets opened lower, with Germany’s DAX down 2.5% at 17,222.69. The CAC 40 in Paris lost 2.4% to 7,080.96 and the FTSE 100 in London was 2% lower at 8,011.52. Darkening the outlook for trading on Wall Street, early Monday the future for the S&P 500 was…

Asian stocks fell on Wednesday as markets digested Japanese and Australian business data, after U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. Japan’s benchmark Nikkei 225 slipped 1.1% to 39,154.85, with the Japanese yen trading at its highest level in months ahead of a Bank of Japan policy decision next week. The U.S. dollar was trading over 162 yen earlier this month but the Japanese currency has strengthened in recent days after officials intervened to staunch the yen’s decline. Expectations that the BOJ may raise its…