New York Federal Reserve - Latest News Update, Information, Photos & Videos on New York Federal Reserve at Lokmat Times

The Dow Jones Industrial Average on Thursday rose 3.12 points, or 0.01 per cent, to 27,222.97. The S&P 500 was up 10.69 points, or 0.36 per cent, to 2,995.11, Xinhua news agency reported.The Nasdaq Composite Index gained 22.04 points, or 0.27 per cent, to 8,207.24.Major indices turned up into green territory in the afternoon after New York Federal Reserve President John Williams said "it pays to act quickly to lower rates at the first sign of economic distress."Market expectations for a rate cut in July were at 100 per cent, with 66.9 per cent looking to a 50-basis-point cut, according to the CME Group's FedWatch tool.The gains were kept in checks as investors digested mixed corporate earnings reports.Shares of Netflix plunged more than 10 per cent after the streaming giant reported a large miss on international subscriber number growth.It reported quarterly international paid subscriber additions of 2.83 million, and domestic paid subscriber losses of 126,000.The numbers offset its better-than-expected earnings per share result, which hit $0.60.Morgan Stanley reported net revenues of $10.2 billion and earnings per share of $1.23, both beating Wall Street's estimates.The market has become increasingly bearish about the second-quarter earnings reports.Analysts currently estimate S&P 500 year-on-year quarterly earnings will decline 0.1 per cent, according to Refinitiv.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

New York Federal ReserveFOLLOW

New york federal reserve, Latest News

International :US bank shares nosedive

New York, May 2 US stocks fell steeply on Tuesday as investors grew fearful that the turmoil in ... ...

Business :US stocks close higher after Fed official's remarks

US stocks closed higher as the market sentiment was lifted by a central bank official's remarks. ...