Tech stocks are particularly sensitive to rising yields as their value rests heavily on future earnings, which are discounted more deeply when bond returns go up

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

All sectors closed in the red, mirroring the fall in broader markets with over 2% fall registered in IT, PSU banking and financial stocks

Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789

As per Pre-Diwali Dhanteras sales of gold and silver, the overall business is likely to be muted amid current high rates and subdued demand due to the COVID-19 induced economic hardship

Dalal Street today: IndusInd Bank, followed by SBI, L&T, Axis Bank, HDFC twins, Kotak Bank and ICICI Bank were among the top losers today. On the other hand, Asian Paints, Reliance Industries, Titan, Bajaj Finance and Sun Pharma were trading with gains

India Stock Market Highlights Today: Axis Bank, followed by IndusInd Bank, ICICI Bank, L&T, Tata Steel, Sun Pharma and ONGC were among the top gainers on Sensex pack. On the other hand, HCL Tech, Kotak Bank, Asian Paints, Infosys and HDFC Bank were among the laggards

The Fed chief may lay out a case for why higher inflation over the long term may be a positive for the economy, though some analysts expect the speech will be short on details for how the central bank plans to enact this approach

The Reuters' poll of 35 wealth managers and chief investment officers in Europe, the US, Britain, and Japan showed for the second consecutive month recommended allocations to equities were lower than bonds in the global balanced model portfolio

The collapse in GDP and faltering recovery put pressure on the White House and Congress to agree on a second stimulus package

The flare-up in coronavirus infections, which started in late June, was not captured in the Labor Department's closely watched monthly employment report published on Thursday as the government surveyed businesses in the middle of the month

The global death toll from COVID-19 reached half a million people on Sunday, according to a Reuters tally. About one-quarter of all the deaths so far have been in the United States, with cases surging in a handful of southern and western states that reopened earlier

MSCI's broadest index of Asia-Pacific shares outside Japan went flat, having climbed 2.8% the previous day, with most markets across the region little changed

The Fed also specified that it will buy 80 billion of Treasury securities a month and 40 billion in mortgage-backed securities.

Roughly 36 million people have now sought jobless aid in just the two months since the coronavirus first forced businesses to close down and shrink their workforces

Sensex, Nifty Live News Today: NTPC, Infosys, PowerGrid, Tech Mahindra, M&M, IndusInd Bank and ONGC were among the top laggards in the Sensex pack.On the other hand, Bajaj Finance, Nestle India, Kotak Bank, Sun Pharma and UltraTech Cement were among the top performers

Federal Reserve chairman Jerome Powell warned that there could be widespread bankruptcies among small business and extended unemployment for many people

Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was Dow's strongest three-day percentage increase since 1931

Leaders of Group of 20 major economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from coronavirus

The US Federal Reserve said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent by unanimous decision among policymakers