Stock Market

Yext, which specializes in software that enhances the visibility of businesses in online search directories and websites, focuses on improving its clients’ presence on platforms and apps like Amazon Alexa, Google Maps, and Apple’s Siri.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 4.43% or 56.10 points to trade at 1,323.00 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 4.00% or 53.80 points to end at 1,397.50 and SBI Life Insurance Company Ltd (NS:SBIL) was up 3.79% or 52.75 points to 1,442.85 in late trade.

Indian stocks tanked the most in over four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls.

The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (TADAWUL:8030), which rose 7.66% or 2.10 points to trade at 29.50 at the close. Meanwhile, Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) added 5.37% or 3.20 points to end at 62.80 and Alkhorayef Water and Power Technologies Co (TADAWUL:2081) was up 4.55%…

Broader U.S. stocks were largely subdued in anticipation of key inflation data this week. PCE price index data, which is the Federal Reserve’s preferred inflation gauge, is due this Friday, and is likely to factor into the central bank’s outlook on interest rates. 

The company’s shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop (NYSE:GME)’s market value to $5.82…

The best performers of the session on the DAX were Porsche Automobil Holding SE (ETR:PSHG_p), which rose 2.78% or 1.35 points to trade at 49.92 at the close. Meanwhile, RWE AG ST O.N. (ETR:RWEG) added 2.55% or 0.87 points to end at 35.02 and Bayer AG NA (ETR:BAYGN) was up 2.32% or 0.64 points to 28.27 in late trade.

The best performers of the session on the Nikkei 225 were Fujikura Ltd. (TYO:5803), which rose 4.88% or 149.00 points to trade at 3,205.00 at the close. Meanwhile, Shiseido Co., Ltd. (TYO:4911) added 4.22% or 203.00 points to end at 5,018.00 and DIC Corp (TYO:4631) was up 3.82% or 121.00 points to 3,292.00 in late trade.

Alibaba (NYSE:BABA) Group Holding said on Thursday it would sell $4.5 billion in convertible senior notes and plans to repurchase American Depositary Shares using some of the proceeds.

U.S. stocks were lower Wednesday, ahead of key earnings from AI-darling Nvidia as investors digested the minutes from the Federal Reserve May meeting showing concerns about progress on inflation.