top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

19 Oct 2021

Wall Street Opens Higher as Earnings Support Confidence; Dow

The Index Today

On Tuesday, U.S. stock markets opened higher encouraged by signs that companies are continuing to earn money despite arising problems with supply chain disruptions and growing input prices.

Report from shows that by 9:35 AM ET (1335 GMT),. the Dow Jones Industrial Average was up 100 points, or 0.3%, at 35,358 points. The S&P 500 was also up 0.3% and the Nasdaq Composite was up 0.2%.

Johnson & Johnson stock was also seen as one that benefited from eliminating doubt about its outlook, growing at 1.1% after the company raised its guidance for the year a little and upheld its forecasts for sales of its Covid-19 vaccine, which was dogged by various problems in the time around its authorization from its regulators.

Another stock making conspicuous gains in early trading was Coinbase Global, which rose 4.2% after announcing a deal to provide custody services to Facebook's new digital wallet project, Novi. The ongoing rally in crypto currencies, as the U.S.'s first exchange-traded fund for Bitcoin futures started trading, also supported Coinbase stock, added to the reports from

©Photo: Reuters

Clay pottery with table linens
bottom of page