Wall Street closed higher as softer US producer inflation and strong early Q2 earnings boosted sentiment. PayPal surged on a reported buyout offer, while BlackRock and Morgan Stanley beat estimates. Despite weak semiconductor stocks, easing rate hike expectations and solid bank results supported gains across major indexes.
NSE IPO Day 2: GMP at 8%, subscription reaches 44% — Should you apply?
As the National Stock Exchange IPO enters its second day of bidding, it has shown stable investor engagement. Observations in the grey market reveal optimistic