US stock market: Nasdaq rallies as earnings season boost offsets economy worries https://ift.tt/txJgGPz Nasdaq led gains on Wall Street on Thursday, buoyed by Facebook parent Meta Platforms posting quarterly results that beat revenue forecasts. The social media giant also claimed artificial intelligence was helping to drive traffic to its services and lift ad sales. The S&P 500 communication services index saw its biggest daily percentage gain since February 2022 of 5.5%. Alphabet's upbeat results, Eli Lilly's raised full-year profit forecast and Comcast's impressive financial results lifted the index. However, economic data for the first quarter revealed US growth slowing more than analysts had anticipated, with deceleration expected to continue.
NSE IFSC-SGX Connect may be fully operational by June https://ift.tt/XC89Iks this connectivity, global investors who are clients of SGX will be able to trade in Indian derivatives market remotely without having to set up a shop in India. Currently, only a few trades are being executed through the route.
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