The US dollar held steady after the release of durable goods data overnight. Orders fell 0.8% year-on-year in January. Economists polled by Reuters had forecast durable goods orders tumbling 4.5%. That was the largest decline since April 2020. The Commerce Department's Census Bureau said the orders for durable goods plunged 6.1% last month amid a sharp drop in commercial aircraft bookings. Orders for long-lasting US manufactured goods fell by the most in nearly four years in January. Several employees working on the electric car project will be shifted to the firm’s artificial intelligence (AI) division, according to Bloomberg News. Economists polled by Reuters had forecast the index little changed at 115.0 from the previously reported 114.8.Īlso Read: Indian stock market today: Day trading guide for Nifty 50 to Sensex, nine stocks to buy or sell today - Feb 28Īpple has canceled work on its electric car, a decade after the iPhone maker kicked off the project. The Conference Board said that its consumer confidence index slipped to 106.7 this month from a downwardly revised 110.9 in January. US consumer confidence retreated in February after three straight monthly increases. The Nasdaq Composite ended 59.05 points, or 0.37%, higher at 16,035.30.Īmong stocks, UnitedHealth ended down 2.27%, while Viking Therapeutics shares jumped 121.02%. The US stock market indices ended near flat on Tuesday ahead of inflation and other economic data. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here !) Gift Nifty was trading around 22,226 level, as compared with Nifty futures’ previous close of 22,196, indicating a positive start for the Indian stock market indices. Hong Kong’s Hang Seng index futures indicated a higher opening. Japan’s Nikkei 225 and Topix were flat, while South Korea’s Kospi gained 0.1% and the Kosdaq rose 1.3%. Here are key global market cues for Sensex today:Īsian markets traded flat on Wednesday as investors awaited key US inflation and China data later this week. Globally, investors would watch out for US and Europe Consumer Confidence Data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Īlso Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - February 28 Overall, we expect the market to trade in range with positive bias. “Domestic equities are consolidating in a range with every dip being bought showing strength at lower levels. On Tuesday, the Indian stock market indices ended higher, snapping a two-day correction. Investors will now watch for Thursday’s January personal consumption expenditures price index (PCE), the Fed’s preferred inflation gauge.
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