The US markets closed mostly lower on Tuesday, with the Dow Jones Industrial Average after swinging between gains and losses, managing an end of modest gains. Markets have been hobbled by combination of worries about oil and concerns about global growth, especially in Europe. On the economy front, the nation’s trade deficit jumped 7.6% in September to the highest level since the late spring as exports to Europe, China and Japan all fell, a sign that slower growth in the economies of key trading partners is starting to pinch the United States. The surprising spike in the trade deficit is likely to reduce third-quarter growth when the government revises the report later this month. In September, the trade gap climbed to a seasonally adjusted $43 billion from a slightly revised $40 billion in August. Orders for goods produced in US factories fell 0.6% in September. Orders for durable goods -- products meant to last at least three years - fell 1.1% in September, compared with a prior estimate of a 1.3% decline. Orders for nondurable goods were just about unchanged.
Meanwhile, St. Louis Federal Reserve Bank President James Bullard stated that that he is upbeat about the economy and doesn’t think any new central bank stimulus is needed to help keep the US on track for 3% growth. He added that the Fed’s decision last week to end its bond-buying program was probably the right judgment for that meeting. Bullard enlightened that falling inflation expectations might argue for the Fed to continue its bond-buying effort for a bit longer.
Nasdaq was down by 15.27 points or 0.33 percent to 4,623.64, S&P 500 ended lower by 5.71 points or 0.28 percent to 2,012.10, while Dow Jones Industrial Average added 17.60 points or 0.10 percent to 17,383.84.
The Indian ADRs closed mostly in green on Tuesday; ICICI Bank was up 0.97%, Tata Motors was up by 0.32%, HDFC Bank was up by 0.13% and Dr. Reddy’s Lab was up 0.07%. On the other hand, Wipro was down 0.04%.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
|
Name of the IA registered
with SEBI: |
The Alchemists Ark Pvt. Ltd. |
|
Logo:
|
|
|
Trade/Brand
Name of IA: |
MoneyWorks4Me Investment Advisers |
|
Brand Logo:
|
 |
|
SEBI Registration Number:
|
INA000013323 Validity – May 16, 2019 – Perpetual |
|
Registration:
|
Non-Individual |
|
BSE Enlistment No:
|
1187 |
|
Address:
|
B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045 |
|
Compliance Officer
Details: |
Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com |
Telephone: +919860359463 Address: Same as IA |
|
Grievance Officer
Details: |
Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com |
Telephone: +919860919463 Address: Same as IA |
|
Principal Officer
Details: |
Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com |
Telephone: +919175899463 Address: Same as IA |
|
Standard Warning:
|
Investment in securities market are subject to market risks. Read all the related documents carefully before investing. |
|
|
Disclaimer:
|
Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. |
|
