Wall Street closes up on revival supported by inflation data, tech stocks

Wall Street closes up on revival supported by inflation data, tech stocks

Wall Street’s major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates. For the S&P 500 and Nasdaq Composite, the advances could not completely recoup the ground lost … Read more

fed rate cuts: Sectoral rotation away from Magnificent 7 seen in US, pickup in midcaps, smallcaps: Ajay Bagga

fed rate cuts: Sectoral rotation away from Magnificent 7 seen in US, pickup in midcaps, smallcaps: Ajay Bagga

Ajay Bagga, market expert, says there will be one more data set for the Fed and probably the August data as well, before they meet on 18th September. It is better to wait and watch. They have been quite clear in saying that the whole thing is meeting to meeting data-driven. The big difference yesterday … Read more

Steve McQueen only ended Magnificent Seven feud with Yul Brynner on deathbed | Films | Entertainment

Steve McQueen only ended Magnificent Seven feud with Yul Brynner on deathbed | Films | Entertainment

Back in 1960, Yul Brynner starred in the iconic Western remake of Seven Samurai, The Magnificent Seven, which is on BBC Two this afternoon. The King and I star had a major say in casting decisions and pushed for Steve McQueen. However, he would later regret this as their relationship on set plummeted disastrously. Newspapers … Read more