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Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to the positive market sentiment. Notable gains were observed in semiconductor stocks, with Nvidia reaching an intraday record high. Nike's shares fell due to forecasts of a significant revenue decline linked to challenges in China.
Saroj Poddar Group, Keventer launch real estate-focussed AIF, target ₹400 crore corpus
The category II Alternative Investment Fund, the first AIF launched by a real estate developer from West Bengal, is expandable to ₹600 crore through a ₹200 crore greenshoe option
Sleepless on Wall Street: All-night stock exchanges coming soon
US equity exchanges will begin extended trading hours with an overnight session from 9 p.m. to 4 a.m. starting December 6. The changes aim to cater to growing foreign investor interest and compete with crypto markets. However, concerns about market liquidity and increased risks during these hours are prevalent among institutional investors. Pre-existing trading volumes suggest that institutional participation during night hours may be limited.
KP Group plans ₹4,000 crore Sun Drops Energia IPO as storage becomes core growth bet
Proposed listing expected in 10-12 months would give the renewable-energy group a fourth public-market platform as it targets 10 GW each of owned generation and third-party EPC, alongside 10 GWh of battery capacity by FY32
Bets on US Federal Reserve rate hike in October fall as job market cools
Last month, the US economy added only 29,000 jobs, significantly below the economists’ forecast of 90,000 jobs. The unemployment rate rose to 4.2%, indicating a slight deterioration in the labor market. Traders decreased expectations for another Federal Reserve interest rate hike later this year, with less than a 20% chance for October. Despite a recent rate increase, inflationary pressures remain a concern for policymakers.
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