Balanced advantage funds help in uncertain times

While their equity component aids in generating capital appreciation, their debt portion facilitates steady income Equity indices are nearing their historic peaks with high valuation despite subdued macroeconomic indicators and stagnant corporate earnings. With large cap and midcap indices such as BSE Sensex, Nifty 50, BSE MidCap and NiftyMidcap trading at PE multiples of over 27, mutual fund investors may […]

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S&P 500 posts record high, extending 2019 rally

NEW YORK (Reuters) – The S&P 500 set an intraday record high on Monday, bolstering the view that the decade-long bull market has further to run, after consumer spending rose in March and inflation data was benign. The benchmark index topped its intraday record of 2,940.91 hit on Sept. 21, rising to a session high of 2,949.52. The S&P 500 […]

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Wall Street trades lower after Fed minutes

NEW YORK (Reuters) – U.S. stocks turned lower in volatile trade on Wednesday after the release of the Federal Reserve’s minutes from its January meeting, when the U.S. central bank said it would be “patient” with respect to further interest rate hikes. The minutes showed that many participants were not yet clear what adjustments to rates might be necessary later […]

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Tech stocks pull Wall St. lower, offseting jobs data bump

(Reuters) – A drop in technology stocks weighed on Wall Street on Friday, offseting strong oil prices and a U.S. jobs report that was tepid enough to lower bets for faster future interest rate hikes without fanning fears of an economic slowdown. Nonfarm payrolls increased by 155,000 last month, but missed economists expectation of 200,000, a Labor Department report showed. […]

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Tech resurgence, earnings lift mood at end of brutal month

(Reuters) – U.S. stocks rose for a second day on Wednesday, as investors snapped up beaten-down technology favorites and strong results for General Motors and a host of other companies lifted spirits at the end of a torrid month for global equities. Shares of Facebook Inc (FB.O) gained 3.7 percent after the social media giant said margins would stop shrinking […]

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Dow futures gain after Boeing's strong results

(Reuters) – Dow futures turned higher on Wednesday after planemaker Boeing’s upbeat forecast bucked the earnings trend in industrial companies and eased worries about corporate profits losing steam. Shares of Boeing rose 3.6 percent in premarket trading after the company topped analysts’ forecast for quarterly profit and raised its annual profit per share expectation. The report is a sharp contrast […]

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Dow, S&P slip as energy, financials weigh; tech boosts Nasdaq

(Reuters) – The S&P 500 and Dow Jones Industrial Average dropped in volatile trading on Monday as a boost from news in China and Italy faded and losses in energy and financial stocks weighed, but gains in technology stocks helped limit losses and lifted the Nasdaq. The Dow swung between gains and losses of more than 100 points, highlighting the […]

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Wall St. slides as Saudi Arabia, Italy add to economic concerns

NEW YORK (Reuters) – U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors’ appetite for risk amid global trade tensions and rising interest rates. The benchmark S&P 500 index closed just […]

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Wall St. drops as Apple slips, Saudi issue flares up

(Reuters) – U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Among the biggest drag on the three major indexes was Apple, which fell 1.6 percent after Goldman Sachs […]

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