Stock Market Today

The 30-share BSE benchmark tanked 874.16 points or 1.45 per cent, its biggest single day slide in more than a month, to settle at 59330.90.

Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings, while eyeing the clock as it ticks down toward next week's Federal Reserve monetary policy meeting. The rupee moved in a range of 81.50 to 81.58 in early trade. At the interbank foreign exchange market, the rupee opened higher at 81.51 against the previous close of 81.61 on Wednesday. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Wednesday as they sold shares worth Rs 2,393.94 crore, according to exchange data. With large of RM benefit now part of P&L (~70% gross margins expansion was led by RM softening), we expect the same to stabilize ahead. Stock Market Live Updates: Yes Securities Gives BUY Recommendation to CEAT (4) We maintain ‘Add’ rating on INBK with a revised price target of Rs 345. It reported sequential revenue growth of 19.3% QoQ, led by 11.6% QoQ increase in revenue of esports (contributing 48% to revenue) and 34.4% QoQ increase in the revenue of Gamified Early Learning. Margin levers in the form cost synergy from Curatio acquisition, lower freight expenses exist, and we expect OPM to improve and hover around 32% mark in FY24 on back of ~10% topline growth. Similarly, the broader NSE Nifty declined 287.60 points or 1.61 per cent to 17,604.35 It finally settled at 81.53, a rise of 8 paise against the previous close of 81.61 The group's flagship Adani Enterprises, which launched the 20,000 crore FPO on Friday, tanked 18.52 per cent.

Adani Ent., Adani Ports SEZ, SBI, ICICI Bank and IndusInd Bank were among the top losers on NSE in today's trade.

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Stocks ended Friday higher, with all three major U.S. indexes advancing for the week. The gains came after investors sorted through another batch of ...

All three major indexes also closed with weekly gains, with the Nasdaq picking up more than 4%.\n\nBut the market will face big tests on the economic front next week, with a rate-setting meeting by the Federal Reserve and monthly jobs data both in the calendar.\n\nThis analysis comes from the Journal's Heard on the Street team. The S&P 500 rose 0.3%, while the Nasdaq got a boost from another strong session for techs, jumping just under 1% for the day. American Express shares shot up more than 10% following its latest results, as it touted rising fee income from its well-heeled customers.

Intel stock plunged after a big earnings miss, but encouraging inflation and consumer sentiment data created tailwinds for the broad market.

These Fidelity funds provide investors solid active management at low costs. By Karee Venema • Published With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. Despite challenges facing chipmakers, AMD remains one of the [best semiconductor stocks](https://www.kiplinger.com/investing/stocks/best-semiconductor-stocks), according to analysts. "It feels as if the market is pricing in some optimism for spending in the last two quarters, so it will be important to see if management commentary is synonymous with this expectation." "The statement is likely to keep the reference to 'ongoing' rate hikes. With this outcome widely anticipated, "focus will be on any changes to the Fed's forward guidance for the path of policy," says Matthew Luzzetti, chief U.S. [consumer sentiment index](http://www.sca.isr.umich.edu/) (opens in new tab) for January (64.9 vs. [inflation](https://www.kiplinger.com/economic-forecasts/inflation) are taking a bite out of consumer spending," says José Torres, senior economist at Interactive Brokers. Core PCE, which excludes volatile energy and food prices, was up 4.4% on an annual basis, the lowest increase since October 2021. Intel CEO Pat Gelsinger cited "rising [interest rates](https://www.kiplinger.com/economic-forecasts/interest-rates), geopolitical tensions in Europe and COVID impacts in Asia, especially in China," as well as deteriorating demand, as reasons for the weak earnings and guidance.

Investing.com -- The Dow eked out a win Friday as Tesla led a melt-up in growth stocks as further signs of easing inflation cemented expectations for a widely ...

The credit card company also hiked its dividend by 15%. “That unfortunately opens the potential for a dividend cut,” it added. [Fed Rate Monitor Tool](/central-banks/fed-rate-monitor). [personal consumption expenditures](/economic-calendar/pce-price-index-904), or PCE price index rose 0.1% in December, slower than expectations for a 0.2% rise. [Saved Items](/members-admin/saved-items) [INTC](/equities/intel-corp)) after the chipmaker delivered [weaker-than-expected quarterly results](/equities/intel-corp-earnings), with guidance that estimated quarterly revenue to drop by more than a fifth in the first quarter.

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.

Shares fell 6.4% on Friday.\n\nToy company Hasbro (HAS) gave a downbeat quarterly revenue forecast and said that it will cut 15% of its workforce starting in the next few weeks after markets closed on Thursday. The increase, which comes as mortgage rates pulled back from 2022’s peak, is an early positive sign for housing.\n\nThe University of Michigan's consumer sentiment index, meanwhile, came in at 64.9 on Friday, higher than the consensus for 64.6, a sign that consumer attitudes remain strong as inflation pressures weaken.\n\nAll together, it cements an expectation for the Fed to slow the pace of rate hikes to a quarter point at its next meeting.\n\nIn the earnings arena, Intel (ticker: INTC) posted disappointing results after markets closed on Thursday. The semiconductor company blamed weak fourth-quarter performance on a slump in China and said that revenue in the current period would be below estimates. The measure of contract signings gained 2.5% in December, ending a six-month streak of declines, according to the National Association of Realtors’. It increases “expectations for a Fed pause in the next month or two.”\n\nAdding to the view on Friday was pending home sales data. Although the rally lost a bit of steam later in the afternoon, the tech-heavy Nasdaq has trended higher for four consecutive weeks, while the Dow notched its sixth straight day of gains, according to Dow Jones Market Data.

U.S. stocks edged modestly higher Friday, with tech stocks notably active, as investors expect a grim quarterly update from Intel to at least temporarily ...

](https://www.thestreet.com/.preview/cn02b65820d0002433?auth=1677419281:e0ac92370f1aec1f3449f451eb52372c81bd7e7f&nonce=1674827280851) economy advancing at a 2.9% clip, and the lowest tally of weekly [jobless claims](https://www.thestreet.com/dictionary/j/jobless-claims) since May of last year. inflation, in fact, slowed again in December, [with the core PCE Index falling to 4.4% on an annualized basis as personal spending declined and income gains were muted.](https://www.thestreet.com/markets/fed-inflation-gauge-eases-to-4-4-in-december-as-spending-slumps) [CVX](https://www.thestreet.com/quote/CVX)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=CVX) shares slipped 4.4% after the oil major posted [softer-than-expected fourth quarter earnings](https://www.thestreet.com/.preview/cn02b657ef80082433?auth=1677419402:bc740d94a59c342dfd50cd1205ffa17ef8ea69bf&nonce=1674827401921) just days after unveiling plans for a $75 billion buyback. [HAS](https://www.thestreet.com/quote/HAS)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=HAS) shares slumped 8.1% after the toy and games maker said it would [slash around 15% of its global workforce](https://www.thestreet.com/.preview/cn02b6666b00002645?auth=1677419330:248fb8ce509ca71708c035523b5f87c42eb04375&nonce=1674827330022) and warned that a disappointing holiday season would see it post softer-than-expected fourth quarter earnings. Benchmark 10-year Treasury note yields, meanwhile, were marked lower at 3.518% in New York trading following the PCE data while 2-year notes rose to 4.207%. [AXP](https://www.thestreet.com/quote/AXP)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=AXP), meanwhile, surged 10.6% after it forecast solid profit and [revenue](https://www.thestreet.com/dictionary/r/revenue) growth, along with a dividend boost, that [offset weaker-than-expected fourth quarter earnings. Intel's surprise December quarter loss, paired with a less-than-stellar outlook for PC and data center sales, was quickly followed by reports the the U.S. [V](https://www.thestreet.com/quote/V)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=V) shares rose 3% after the world's biggest credit card company posted [better-than-expected first quarter earnings](https://www.thestreet.com/markets/visa-follows-mastercard-with-earnings-beat-amid-travel-spend-boom) thanks in part to a surge in cross-border spending amid the ongoing travel boom. [INTC](https://www.thestreet.com/quote/INTC)) - [Get Free Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=INTC) shares fell 6.4% after the chipmaker post a surprise fourth quarter loss and said lingering weakness in PC demand would pressure margins and clip near-term earnings. The tech-focused Nasdaq gained 0.95%. [GDP](https://www.thestreet.com/dictionary/g/gross-domestic-product-gdp), which showed the U.S.

Dow Jones futures: Tesla led Thursday's market rally, but gains were broad-based ahead of a key inflation report. Intel plunged on results.

[Time The Market With IBD's ETF Market Strategy](https://www.investors.com/market-trend/ibds-etf-market-strategy/ibds-etf-market-strategy/) The Financial Select SPDR ETF ( [XLF](https://research.investors.com/quote.aspx?symbol=XLF)) advanced 0.5%. Try SwingTrader](https://www.investors.com/product/swingtrader/?artProdLink=Swingtrader) [Best Growth Stocks To Buy And Watch](https://www.investors.com/stock-lists/best-growth-stocks-buy-watch-ibd-stock-lists/) [Why This May Be A Life-Changing Rally; 4 Stocks Near Buy Points](https://www.investors.com/market-trend/stock-market-today/why-this-may-be-life-changing-market-rally-apple-fed-meeting-loom-as-tesla-surges-75/) [ARKK](https://research.investors.com/quote.aspx?symbol=ARKK)) popped 2% and ARK Genomics ETF ( [ARKG](https://research.investors.com/quote.aspx?symbol=ARKG)) edged up 0.15%. [QQQE](https://research.investors.com/quote.aspx?symbol=QQQE)) popped 1.6% on Thursday to a five-month closing high. SPDR S&P Homebuilders ETF ( [XHB](https://research.investors.com/quote.aspx?symbol=XHB)) gained 0.3%. Global Jets ETF ( [JETS](https://research.investors.com/quote.aspx?symbol=JETS)) edged down 0.15%. The VanEck Vectors Semiconductor ETF ( [SMH](https://research.investors.com/quote.aspx?symbol=SMH)) advanced 1.8%, with Nvidia stock a major component. [FFTY](https://research.investors.com/quote.aspx?symbol=FFTY)) advanced 1.35%. ( [KLAC](https://research.investors.com/quote.aspx?symbol=KLAC)) and Visa ( [V](https://research.investors.com/quote.aspx?symbol=V)) reported Thursday night with Chevron ( [CVX](https://research.investors.com/quote.aspx?symbol=CVX)) and American Express ( [AXP](https://research.investors.com/quote.aspx?symbol=AXP)) releasing results early Friday. The iShares Expanded Tech-Software Sector ETF ( [IGV](https://research.investors.com/quote.aspx?symbol=IGV)) jumped 2.5%, with MSFT stock a major holding. Fellow megacaps Apple ( [AAPL](https://research.investors.com/quote.aspx?symbol=AAPL)), [Microsoft](https://www.investors.com/research/microsoft-stock-buy-now/) ( [MSFT](https://research.investors.com/quote.aspx?symbol=MSFT)), Amazon.com ( [AMZN](https://research.investors.com/quote.aspx?symbol=AMZN)), [Nvidia](https://www.investors.com/news/nvidia-stock-2023-is-it-a-buy/) ( [NVDA](https://research.investors.com/quote.aspx?symbol=NVDA)), Google parent [Alphabet](https://www.investors.com/news/technology/google-stock-buy-now/) ( [GOOGL](https://research.investors.com/quote.aspx?symbol=GOOGL)) and Facebook parent Meta Platforms ( [META](https://research.investors.com/quote.aspx?symbol=META)) all had solid-to-strong gains.