The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
US stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week. The S&P 500 traded in its tightest range of the year, in and out of slight losses, while the CBOE Volatility index was on track to close at its lowest in more than a week.
Shares of Mobileye jumped nearly 30 percent to a high of USD 61.51 after chipmaker Intel agreed to buy the driverless technology maker for USD 15.3 billion. Mobileye closed up 28.2 percent at USD60.62 and Intel fell 2.1 percent to USD 35.16.
Investors looked ahead to the Fed's two-day meeting that starts on Tuesday. Traders saw a 94 percent chance that the US central bank will lift interest rates by 25 basis points on Wednesday.