Connect with us

Business

Nasdaq closes at record high amid economic data

Published

8 years ago

on

ecoNew York: US stocks extended gains on Tuesday, with the Nasdaq Composite Index closing at new record high.

The Dow Jones Industrial Average added 46.16 points, or 0.25 per cent, to 18,538.12. The S&P 500 gained 6.50 points, or 0.30 per cent, to 2,186.48. The Nasdaq increased 26.01 points, or 0.50 per cent, to 5,275.91, Xinhua news agency reported.

The Non-Manufacturing Index, which measures activity in the US service sector, registered 51.4 per cent in August, 4.1 percentage points lower than the July reading and missing market consensus of 55.0, the Institute for Supply Management (ISM) said in its monthly survey on Tuesday.

“The best that can be said for the August ISM indices is that they have been less reliable guides lately than in the past. If they are to be trusted, the economy is sliding into the worst soft patch of the expansion to date,” said Chris Low, chief economist at FTN Financial, in a note.

Meanwhile, investors were still sifting through the country’s August jobs report released last week.

US total non-farm payroll employment increased by 151,000 in August, well below market consensus of 175,000, and the unemployment rate remained at 4.9 per cent, according to the Labour Department.

The weaker-than-expected August jobs report eased fears that the Federal Reserve would begin its next rate hike as soon as September, since the Federal Open Market Committee is set to meet on September 20-21.

Overseas, European equities ended mixed on Tuesday.

German benchmark DAX index at Frankfurt Stock Exchange rose 0.14 per cent, while British benchmark FTSE 100 Index fell 0.78 per cent.

In Asia, Chinese stocks rallied Tuesday, with the benchmark Shanghai Composite Index going up 0.61 per cent to close at 3,090.71 points.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending