Stock Market

Newsmax (NMAX -5.47%), the media stock that rocketed higher in early April just after it landed on the stock exchange and then sank, continued to cool down the following month. Across May its share price tumbled by almost 21%, mostly because of an announcement the company made as the month was winding down. Feels like a fire sale On the final Thursday in May, Newsmax divulged that the Securities and Exchange Commission (SEC) had granted approval for a potential mass sale of its Class B common stock by a group...

This is an audio transcript of the Unhedged podcast episode: ‘Stock market party but why?’Katie MartinStock markets are in party mode. May was the best month for the big US stocks index, the S&P 500. In a year and a half we had gains of something like 5.5 per cent.Now, not to be a massive Debbie Downer, but people are really struggling to figure out why this is happening. Everything on some level is pretty terrible. In the past few days, that wise negotiator, President Donald J Trump, has threatened...

Deven Choksey, MD, DRChoksey Finserv (fundamental)On HDFC Bank On the fundamental side, things are looking pretty set as far as both HDFC Bank and HDB Financials are concerned. HDB Financials largely caters to the MSME segment as well as the individual segment of loans in the NBFC packet, whereas HDFC Bank is a composite mixture of all of its portfolios. So, from a point of view of looking at the complementary strength that it could bring post listing, it could be on one or two accounts. Importantly, the money which...

By CNBCTV18.COM |  Jun 4, 2025 8:27 AM IST (Updated)Sensex Today | Stock Market LIVE Updates: The Nifty bulls did manage to defend 24,500 yet again on the downside, but unlike previous sessions, the index ended close to the day's low. The Nifty Bank, a key contributor to the Nifty recovery, saw profit booking on Tuesday after hitting a record high in opening trade, dragging the Nifty down with it.Sensex Today | Stock Market LIVE Updates: After a forgettable session on Tuesday, Indian equities will look towards positive global cues for...

US stock futures drifted up as Wall Street largely shrugged off tariff risks even as President Trump doubled duties on steel and aluminum imports. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose 0.1%. Trump signed a proclamation on Tuesday evening that hiked tariffs on steel and aluminum imports from 25% to 50%. The United Kingdom is the only country exempt from the increase. The president's latest tariff move comes amid escalating tensions between the US and key...

A top executive at Morgan Stanley says the US stock market currently looks underwhelming, with limited upside for the rest of the year. In a new interview with CNBC, Andrew Slimmon, senior portfolio manager for Morgan Stanley’s Investment Management division, says he’s not expecting the S&P 500 to be “substantially above” the 6,000 mark any time soon. Says Slimmon, “My base case for the year has been it’s a pause year. We’ve had two great years in a row and the market needs kind of a timeout, or a breather....

The bond market is caught in a tug-of-war between pro-growth stimulus and inflationary pressures, leaving investors with few clear signals and rising long-term yields. "We have policies that on the one hand will boost growth like expansive fiscal stimulus," Kathy Jones, chief fixed income strategist at Charles Schwab, told Yahoo Finance. "Then we have some that will slow growth, like tariffs. ... So the bond market is just caught in the middle." Long-term Treasury yields have climbed in recent weeks, driven by concerns over the US fiscal trajectory as President...

LONDON,ENGLAND - MAY 30: A photo illustration of a Mounjaro pen on May 30 2025 in London, England. ... More Mounjaro is a treatment for weight loss and type 2 diabetes. (Photo by Peter Dazeley via Getty Images)Peter Dazeley Question: Why would you pay 81 times earnings for AbbVie stock when you can buy LLY for a similar valuation of 76 times earnings? You wouldn’t, especially when you consider three simple facts: Growth: Eli Lilly's growth rate is accelerating at over 30%, dwarfing AbbVie's under 5%. Over the last three...

Shopify (SHOP -0.64%) stock soared 13% in May, according to data provided by S&P Global Market Intelligence. It reported well-received earnings results, and it benefited from an ease in tariff raises -- for now. Best-in-class e-commerce services Shopify is an e-commerce services provider, offering everything from full website development to single components for omnichannel retailers, including physical hardware. It's gone from its niche of small businesses to become a full commerce giant supporting large, well-known brands with many of its solutions. Like any company that's become top of its industry,...

While stock markets, both Nifty and Sensex, continued to reel under losses for the third consecutive session on Tuesday, shares of Servotech Renewable Power Systems defied the trend with a sharp rally, jumping 19% to hit a three-month high of Rs 147 apiece. What’s Driving Investor Optimism in Servotech? The surge in Servotech’s stock appears to be linked to the high-profile visit of Errol Musk—father of Elon Musk, CEO of Tesla and SpaceX—who arrived in India on June 1 for a five-day strategic tour. Musk senior is part of Servotech’s...