US Stock Reports, Quotes and News
Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys\’ guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.
U.S. Federal Reserve Chair Jerome Powell said on Tuesday that a string of disappointing data will likely cause the central bank to take longer than expected to become confident that inflation is falling.
European shares dropped to a near six-week low on Tuesday, as investor stayed clear of risky assets given geopolitical tensions in the Middle East, while Ericsson topped the main index following upbeat earnings.