The S&P 500 and Nasdaq reached record highs, fueled by optimism for a U.S.-EU trade deal and strong earnings from companies like Deckers Outdoor. Intel’s disappointing forecast led to a stock decline, while investors await the Federal Reserve’s decision on interest rates amid trade concerns.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.