SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

US markets bounce back to end higher on Tuesday

03 Dec 2014 Evaluate

US markets recovering from the last session’s fall moved higher on Tuesday ahead of a private US jobs report. Traders were speculating about further stimulus from China, which offset some of the concerns about developments overseas. Also, there were some merger and acquisition news that boosted the morale, Chip makers Spansion and Cypress Semiconductor announced a $4 billion all-stock merger.

On the domestic economy front the Commerce Department reported a stronger than expected jump in construction spending in the month of October. Construction spending surged up 1.1 percent to an annual rate of $971.0 billion in October from the revised September estimate of $960.3 billion.

The Dow Jones industrial average surged by 102.75 points or 0.58 per cent, to 17,879.55. The S&P 500 gained 13.11 points or 0.64 per cent, to 2,066.55 and the Nasdaq Composite was up by 28.46 points or 0.6 per cent, to 4,755.81.

Indian ADRs, made a mixed closing on Tuesday, HDFC Bank was down by 0.19% and Dr Reddy’s was down by 0.82%.

On the other hand ICICI Bank was up by 0.83%, Tata Motors was up by 0.31% and Wipro was up by 0.10%

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×