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Wall Street Today: US stocks poised for weekly gains on US-China trade truce, S&P 500 up 5%, MSCI up 4% in five days

Wall Street was lower on Friday though global equities were still poised for weekly gains, as upbeat earnings helped sustain the rally sparked by a U.S.-China trade truce. Oil prices remain relatively low, further supporting stocks and bonds. U.S. consumer sentiment slumped further in May as one-year inflation expectations surged as households remained concerned about…

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MSCI Rejig: Nykaa, Coromandel, Adani Energy shares likely to be included in India Standard Index; Thermax may exit

Nykaa, Adani Energy Solutions and Coromandel International shares are likely the top contenders for inclusion in the MSCI India Standard Index during its semi-annual rebalancing in May 2025. According to brokerage firm JM Financial, the expected changes could lead to significant fund flows into certain stocks. The official announcement for MSCI index rejig is scheduled…

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