• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • US Stocks end mostly lower
  • April 15,2021  09:30
  • The US stocks closed mostly down on Wednesday, 14 April 2021, dragging the S&P 500 and the Nasdaq composite index down, while the Dow Jones Industrial Average managed to eke out marginal gains, as investors digested the first major results of the profit-reporting season.

    At the close of trade, the Dow Jones Industrial Average index rose 53.62 points or 0.16% to 33,731. The S&P 500 was down 16.93 points or 0.41% to 4,125. The tech-heavy Nasdaq Composite Index fell 138.26 points or to 1% 13,858.

    The new quarterly earnings season started out with shares in Goldman Sachs and Wells Fargo rose on bumper first-quarter profits. Goldman Sachs Group Inc reported a massive jump in first-quarter profit, aided by strong trading and investment banking revenue. Wells Fargo & Co bounced back to a profit of almost $5 billion in the first quarter, ahead of Wall Street estimates as it reduced bad loan provisions and got a grip on the costs tied to its sales practices scandal.

    Shares in JP Morgan Chase fell despite the fact that the bank's profit jumped by almost 400% as it released more than $5 billion in reserves to cover coronavirus-driven loan defaults.

    ECONOMIC NEWS: Fed's Beige Book Points To Moderate Pace Of Growth In US Economic Activity -The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, highlighted improvement in a variety of areas, including consumer spending, auto sales and manufacturing activity. US economic activity accelerated to a moderate pace from late February to early April, according to the Federal Reserve's Beige Book. The Fed also noted reports on tourism were more upbeat, bolstered by a pickup in demand for leisure activities and travel.

    The report also said job growth picked up over the reporting period, with most districts noting modest to moderate increases in employment. The Fed said job growth was generally strongest in manufacturing, construction, and leisure and hospitality, although hiring remained a widespread challenge.

    The Beige Book said overall prices also accelerated slightly since the last report, with many districts reporting moderate price increases and some saying prices rose more robustly. Looking ahead, the Fed said outlooks were more optimistic than in the previous report, boosted in part by an acceleration in COVID-19 vaccinations.

    COMMODITY NEWS: Global oil prices advanced by almost 5% on Wednesday in response to weekly US inventory data and a positive report from the International Energy Agency. Brent crude rose by US$2.91 or 4.6% to US$66.58 a barrel. And the US Nymex price gained US$2.97 or 4.9% to US$63.15 a barrel.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory