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Wall Street Update: Markets React to Tariff Uncertainty

Wall Street experienced slight gains on Wednesday as investors analyzed a plethora of corporate earnings to assess how businesses are navigating President Donald Trump's tariffs. The Nasdaq rose by 60 points or 0.29%, reaching 20,977. The S&P 500 followed suit with a modest increase of 11 points, up by 0.18% to 6310. On the other hand, the DJIA dipped by 12 points or 0.03% to settle at 44,099 by 7:25 PM IST.

There was a glimmer of hope after Trump mentioned that Washington was "very close to a deal" to extend the tariff truce with China. However, markets remained cautious as a new round of duties on numerous economies was scheduled to take effect from Thursday. Oil prices also climbed following Trump's threat to impose higher tariffs on India due to its continued purchase of Russian crude oil.

On the earnings front, McDonald's and Shopify witnessed their shares rise after posting strong profit numbers. Conversely, Super Micro Computer saw a sharp decline as its earnings and revenue fell below analysts' expectations. Disney also experienced a drop in early trading despite surpassing profit forecasts, disappointing investors with lower-than-expected revenue.

The trading session continued the recent trend of calmer market movements, following a period of significant fluctuations.

Earlier on Tuesday, stocks closed slightly lower after a discouraging report on business activity in US service sectors, including transportation and retail, raised concerns about the potential impact of President Trump's tariffs on the economy.

Stay informed with the latest business news, updates on bank holidays, and public holidays.

Man Loses Leg in 'Phatka Gang' Attack on Moving Train in Kalyan

KALYAN: A 22-year-old farmer from Nashik suffered a partial amputation of his left leg after being hit by the notorious 'Phatka gang' near Kalyan. The incident occurred on Sunday morning while Gaurav Nikam was travelling on the Tapovan Express from Thane to Nashik. According to Kalyan GRP, the incident happened between Shahad and Ambivli railway stations when the train slowed down near Irani Pada. Nikam was on a phone call near the train door when a minor boy from outside struck his hand with a

Allegations of Fraudulent Surrogacy Practices Surface at Hyderabad Fertility Clinic

HYDERABAD: Gopalapuram police have registered five new cases against the head of Srushti Fertility Clinic Dr Athaluri Namratha alias Pachipala Namratha, and others based on complaints lodged by five sets of victims. While in one case a couple alleged that the doctor handed them a baby whose DNA did not match theirs, three other couples accused the clinic of adopting dubious methods. They claimed that they had already paid the money â anywhere from Rs 12.5 lakh to Rs 19 lakh â and even deposited their biological samples when they grew suspicious about the operations of Dr Namratha and her clinic. The frauds occurred between 2019 and 2025. Cops are yet to ascertain details of the fifth case.

Uttarkashi Cloudburst Horror: Flash Floods Sweep Away Village, People Seen Running For Their Lives

DEHRADUN: A man narrowly escaped death after the flash flood swept through Dharali village in Uttarkashi on Tuesday, triggering a massive pile of debris. He was seen crawling out from the rubble, covered in mud and visibly injured, moments after the deadly waters destroyed homes, shops, and roads in seconds. The man's identity and his current condition remained unknown as of Tuesday evening, but widely circulated videos have already hailed him as a hero. Officials have not yet confirmed whether he was later taken to hospital or rescued by disaster response teams.

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Gold and Silver Price Prediction Today

Gold price prediction: MCX Gold prices have been trading significantly above the â¹1,00,000 mark, indicating strong bullish momentum in the domestic market. (AI image) Gold and silver price prediction today: Gold rates have been exhibiting bullish momentum in the domestic market. What levels of gold and silver prices should investors watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold MCX Gold prices have

Stock Market Today: Impact of US Tariffs on Indian Markets

Thursday's trading will be influenced by the US President's implementation of additional 25% tariffs. (AI image) Stock market today: Indian stock markets opened in the red on Thursday after US President Donald Trump announced a sharp hike in tariffs on Indian goods, doubling them to 50%, weighing on overall market sentiment. As of 11:42 AM, the Nifty50 was down 138.05 points (0.56%) at 24,436.15. The BSE Sensex also fell by 409.02 points (0.51%) to 80,134.97. Earlier in the day at 9:1

National Securities Depository Ltd (NSDL) Soars on Debut, Shares List 15% Higher

National Securities Depository Ltd (NSDL) shares had a robust start on Wednesday, opening 15% above the issue price of Rs 800. NSDL shares debuted at Rs 880 on the BSE, marking a 10% premium over the issue price. The stock surged further by 15% to reach Rs 920, propelling the company's market valuation to Rs 18,249 crore on the BSE. NSDL's Initial Public Offering (IPO) of Rs 4,011 crore garnered a subscription of 41 times on the closing day of bidding on Friday. Despite N

TCS Announces Salary Hikes for 80% of Employees Amidst Layoff Plans

Tata Consultancy Services (TCS), India's largest IT services firm, has announced salary hikes for approximately 80% of its staff members. The salary hikes will mainly cover the IT giant's junior and mid-level employees. The salary hike comes at a time when TCS has announced that it will lay off around 12,000 employees in the course of this year.

Asian Stock Markets Rise on US Rate Cut Hopes

Asian stock markets climbed on Thursday, buoyed by a tech rally on Wall Street, upbeat earnings, and hopes of US rate cuts. Investor confidence followed after Trump's 100% chip tariff threat came with exemptions for several companies.

Warren Buffett's Circle of Competence: An Investing Philosophy

Warren Buffett, the billionaire investor behind the success of Berkshire Hathaway, is widely admired not just for his wealth, but for his simple, time-tested investment philosophy. One of his most powerful ideas is the “circle of competence” — the concept that you don’t need to understand everything about every business to be a great investor. Instead, staying within your intellectual comfort zone is the key to making rational, long-term decisions. As Buffett once wrote, understanding your limits is more important than having a vast amount of knowledge. This principle still offers a practical framework for anyone looking to invest wisely in today’s fast-paced market.

T&T Group to Launch Rs 700 Crore Residential Project in Raj Nagar Extension

T&T Raj Nagar Extension, known for its affordability, may soon see a shift in its residential landscape. T&T Group is preparing to launch a premium housing project in the area, with an estimated worth of Rs 700 crore, which is expected to significantly expand its market share in the luxury housing market.Spread across 3.25 acres, the upcoming project will feature over one million square feet of built-up area and offer 3 and 4 BHK apartments across Ground + 16-storey towers. The design reportedly

Indian Stock Market Update: Nifty50 and BSE Sensex Trade Flat After RBI Announcement

Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India's monetary policy. (AI image) Stock market today: Indian equity benchmarks Nifty50 and BSE Sensex traded flat on Wednesday, following the RBI’s monetary policy announcement and continued foreign fund outflows. As of 10:14 AM, the Nifty50 was down 46.50 points or 0.19%, trading at 24,603.05. While the 30-share BSE Sensex slipped 81