BENGALURU, Aug 1 (Reuters) - Indian shares are set to hit all-time highs on Thursday, tracking a global rally after the U.S. Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September, although Infosys could be a drag on the market. The GIFT Nifty was at 25,105.5 points as of 8:10 a.m. IST, suggesting the Nifty...

03:32 PM EDT, 07/31/2024 (MT Newswires) -- Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index adding 0.8% and the Financial Select Sector SPDR Fund (XLF) falling 0.3% The Philadelphia Housing Index was up 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.1%. Bitcoin (BTC-USD) eased 0.1% to $66,079, and the yield...

05:08 PM EDT, 07/31/2024 (MT Newswires) -- US benchmark equity indexes closed higher Wednesday after Federal Reserve Chair Jerome Powell said monetary policy easing in September could be on the table. The Nasdaq Composite jumped 2.6% to 17,599.4, while the S&P 500 rose 1.6% to 5,522.3. The Dow Jones Industrial Average advanced 0.2% to 40,842.8. Among sectors, technology led the...

The Federal Reserve decided at its Wednesday meeting to keep the key interest rate between 5.25% and 5.5% while maintaining other policy interest rates and continuing to lower its bond holdings at a rate of $60 billion per month. Bill Adams, chief economist for Comerica Bank, said the committee held rates steady and made a “dovish change” to its July...