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Stock market holiday: Is the stock market open today?


Trading will resume in stock exchanges on May 14, Friday.
On Wednesday, domestic equity benchmarks were on track to register losses for a second straight day amid negative global cues.
Traders speculated surging commodity prices and growing inflationary pressure in the US could lead to earlier rate hikes and higher bond yields globally, which would result in further outflows.
Upcoming data is expected to show that annual inflation in the US likely came in around 3.6 per cent, pushed higher mainly by the base effect, and therefore may not sustain. But if the month-on-month inflation data shows a surge, the dovish Federal Reserve will be forced to take it seriously, said an analyst. ....

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Asia equities flat, holidays help US tech retreat


Asia equities flat, holidays help US tech retreat
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Last Updated: May 05, 2021, 07:47 AM IST
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Synopsis
The Nasdaq had dropped 1.9% on Tuesday as some big tech names ran into profit-taking, including Microsoft Corp, Alphabet Inc, Apple Inc and Amazon.com Inc .
Reuters
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SYDNEY: Asian shares risked falling for a fourth straight session on Wednesday as sentiment took a knock from a selloff in large cap Wall Street tech darlings, combined with talk of rising U.S. interest rates.
Holidays in Japan, China and South Korea limited the early reaction, leaving MSCI s broadest index of Asia-Pacific shares outside Japan dithering either side of flat. ....

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