Stock market volatility spiked to a multi-year high in the selloff and some products that flourished in low volatility collapsed.
The S&P 500’s 4.3 percent gain for the week was its biggest weekly advance since January 2013.
Google has conducted a trial of a new technology that will help 911 operators figure out the location of cellphone callers more accurately, media reported.
US stocks swung between losses and gains as lower US crude oil prices and disappointing earnings reports from Kraft Heinz and other companies sapped momentum slows.
At 6:56 a.m. ET, Dow e-minis 1YMc1 were up 40 points, S&P 500 e-minis ESc1 had added 6.25 points and the Nasdaq 100 e-minis NQc1 rose 19.5 points.
CBS Corp topped Wall Street’s quarterly revenue and profit estimates on Thursday as U.S. and international distributors licensed more of its shows.
Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering.
Wall Street’s pull back from the recent sell-off was set to continue as investors went bargain-hunting for the 5th day in a row, brushing aside fears of rising inflation.
Dow e-minis 1YMc1 were up 224 points, or more than 1 percent, by 6:49 a.m. ET. S&P 500 e-minis ESc1 gained 12.5 points and Nasdaq 100 e-minis NQc1 rose 37.75 points.
Stocks, bond yields steamed higher while the dollar tumbled, as investors suddenly seemed to forget the inflation fears blamed for a brutal market sell-off.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
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