Wall Street stocks closed mixed as investors awaited Nvidia’s earnings and worried about potential delays in Federal Reserve interest rate cuts. Concerns over inflation and the valuation of AI stocks contributed to market fluctuations. The probability of a December rate cut has fallen below 50%.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO