Global Stock Market

Despite fears of an economic slowdown or recession, Wall Street’s first-quarter earnings season provided a ray of hope, as the results largely suggested that things may not be as bad as previously anticipated. The data are in, and they reflect a narrative of resilience, with over 95% of S&P 500 …

The US Bureau of Economic Analysis’ (BEA) second estimate revealed that the country’s real Gross Domestic Product (GDP) rose at an annualised rate of 1.3% in the first quarter. This number was higher than the advance estimate and the market forecast of 1.1%. “The increase in real GDP reflected increases …

Best Buy Co. Inc. reported higher-than-expected net income in the first quarter and reaffirmed its full-year forecast, as gaming and services demand helped offset a drop in discretionary spending that has hit other retail competitors. The retailer known for high-priced products such as televisions and computers reported adjusted net earnings …

As the first quarter earnings season proved to be stronger than expected, Bank of America analysts increased their forecast for what the S&P 500 may earn in 2023. The updated S&P 500 profits per share forecast is $215, up from $200 before, marking a 5% earnings beat in Q1. According …

Japan’s Nikkei index recovered its losses on Thursday after two straight sessions of decline, supported by chip-related companies, optimism about financial results and strong inflows from foreign investors. The Nikkei index rose 0.4 percent to close at 30,801.13 points. Earlier this week, the index touched 31,352.53, the highest level since …

After Treasury Secretary Janet Yellen reiterated that if an agreement to raise the US debt ceiling is not reached, the United States will go into default on its debt and could not pay for federal bills in early June, US equities fell even lower on Wednesday. 231 points, or 0.7%, …

US House Speaker Kevin McCarthy announced on Wednesday that they are sending their negotiators to the White House to try and wrap up the debt-limit negotiations. McCarthy continued by pointing out that there were still disagreements on expenditure, but he added that he believed they might advance today. After these …

The Wall Street indexes were down on Tuesday as negotiations to raise the US debt ceiling continued, putting investors on edge about the possibility of a historically large government default. According to S&P Global statistics, the US economy experienced significant growth in the services sector in May, driving business activity …

Japan’s Nikkei index fell sharply on Tuesday after reaching a 33-year high, with some investors rushing to sell stocks to lock in profits, after the index posted eight straight days of gains. The Nikkei index started the day’s trading strongly and reached a new peak at 31352.53 points, a level …

Wall Street closed mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.President Joe Biden and top congressional Republican Kevin …