Wed, Feb 28, 2024 11:23 AM
F&O Watch for Feb 28: Indus Towers makes it to the NSE ban list
A Flip by Avya Verma
The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal Reserve Chair Jerome Powell weighed on markets last week.
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After watching wind and solar stocks plummet in the hours after Donald Trump’s election victory, asset managers are zeroing in on a corner of the green transition they say will defy the president-elect’s anti-ESG agenda: the grid. Since the Nov. 5 election, a key stock-market gauge of the equipment that goes into grids is up about 6%.
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On January 3, Bitcoin, the oldest cryptocurrency will turn 15. While the future of cryptocurrencies is still uncertain, 15 years is too long to call it just a fad. Many naysayers have eaten their words, often grudgingly. Bitcoin price crossed $93,000 on November 14, and has cooled off to a little over $90,000 since.
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