News

Wall Street’s key stock indices edged higher on Tuesday as renewed artificial intelligence optimism and strong corporate earnings bolstered market sentiments.

At the open, the Dow Jones Industrial Average rose 245.8 points, or 0.50%, to 49,688.37. The S&P 500 rose 13.5 points, or 0.19%, to 7,122.64​, while the Nasdaq Composite rose 60.9 points, or 0.25%, to 24,465.339.

"The demand for stocks is there this morning, with market participants clutching to good news over bad and retaining hope that the Iran war won't have a lasting and negative impact on the global economy," said Briefing.com analyst Patrick O'Hare.

On the economic data front, US retail sales surged by 1.7% in March from the prior month to $752.1 billion, climbing more than expected due to largely surging gasoline prices.

Apple shares fell 0.8% after the iPhone maker announced that longtime CEO Tim Cook will step down this year and company veteran John Ternus will take over the top job.

Shares of UnitedHealth Group jumped 8.2% and RTX edged up 0.1% after the earnings results.With a distinguished career spanning nearly two decades at the highest levels of financial journalism, Rajendra Kumar Saxena stands as a cornerstone of the editorial leadership team at Livemint.com. In his current capacity as Content Editor, he is responsible for managing the comprehensive editorial lifecycle of the publication. His role is multifaceted, encompassing the strategic selection of high-impact stories, original reporting, and meticulous editing.

Furthermore, Rajendra is instrumental in executing a sophisticated Search Engine Optimization (SEO)-driven content strategy, ensuring that the platform's digital content reaches a global audience while maintaining the highest standards of journalistic integrity and accuracy prior to publication.

Rajendra’s professional journey is characterized by a profound expertise in a wide array of critical sectors. His analytical depth covers global economics, commodities, and stock market dynamics (across both Indian and United States landscapes).

Beyond the financial markets, he possesses a keen understanding of political affairs, banking and finance, foreign affairs, and the rapidly evolving technology sector.

His eighteen years journey in financial and business journalism includes a significant tenure at Financialexpress.com and freelance contributions to The Hindu.

Currently based in Delhi, Rajendra holds a Master of Journalism degree from the prestigious Makhanlal Chaturvedi National University of Journalism and Communication (MCNUJC). His blend of academic rigor and decades of on-the-ground experience makes him a leading voice in navigating the complexities of today’s financial world.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.