Stock Market Live: Index expected to remain strong; sgx nifty profit

 

Stock Market Today: Strong earnings will boost sentiment

• Stock Market Live Updates: The benchmark index is expected to open on a positive note on Tuesday. Wall Street edged higher in Monday's session and Asian stocks also made a strong start on Tuesday.

Markets rose on Monday after Britain's new Finance Minister Jeremy Hunt scrapped a proposed tax cut, while corporations continued their better-than-expected third-quarter results.


Wall Street ends sharply higher, dollar falls on UK U-turn, strong earnings

Wall Street jumped for strong gains on Monday as solid earnings and a fiscal policy reversal in Britain fueled risk appetite and propelled sterling and the euro against the greenback.

All three major US stock indexes rallied to end the session higher by 1.9% to 3.4% and the dollar lost ground against a basket of world currencies.

"The catalysts that trigger the markets year-over-year are well-known," said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. "Now, investors are looking for a green shoot of catalysts that may start to provide some corrections."

Stocks were set for a strong open after Britain's new Finance Minister Jeremy Hunt slammed Prime Minister Liz Truss's proposed tax cuts and reined in his energy subsidies, while Bank of America Corp. Posted third quarter results, showing interest rate hikes. Federal Reserve hike.

The Dow Jones Industrial Average rose 550.99 points, or 1.86%, to 30,185.82, the S&P 500 rose 94.88 points, or 2.65%, to 3,677.95, and the Nasdaq Composite rose 354.41 points, or 3.43%, to 10,675.80. (Reuters)