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US markets end higher on Tuesday

PNB Housing Finance Ltd. | Finance - Housing | BFSI | BSE: 540173 | NSE: PNBHOUSING

02 Sep 2020 Evaluate

The US markets ended higher on Tuesday, with Nasdaq and S&P 500 closing at record highs as big tech and working-from-home shares drive gains. Sentiments got boosted as upbeat economic reports and dovish tones from the Fed helped feed the buying momentum on markets. Federal Reserve Governor Lael Brainard said the central bank should pivot to provide more support for US economic growth, presumably meaning the Fed could purchase more assets, such as US Treasury or privately issued debt. Meanwhile, Manufacturing activity in the US expanded at a faster rate in the month of August, the Institute for Supply Management (ISM) revealed in a report. The ISM said its purchasing managers index rose to 56.0 in August from 54.2 in July, with a reading above 50 indicating growth in manufacturing activity. Street had expected the index to inch up to 54.5.

Besides, construction spending in the US saw a modest increase in the month of July, according to a report released by the Commerce Department. The report said construction spending inched up by 0.1 percent to an annual rate of $1.365 trillion in July after falling by 0.5 percent to a revised rate of $1.363 trillion in June. Street had expected construction spending to jump by 1.0 percent compared to the 0.7 percent drop originally reported for the previous month. The uptick in construction spending came as spending on private construction climbed 0.6 percent to an annual rate of $1.014 trillion. Spending on residential construction spiked 2.1 percent to a rate of $546.6 billion, while spending on non-residential construction slumped by 1.0 percent to a rate of $466.9 billion.

Dow Jones Industrial Average rose 215.61 points or 0.76 percent to 28,645.66, Nasdaq gained 164.21 points or 1.39 percent 11,939.67 and S&P 500 was up by 26.34 points or 0.75 percent to 3,526.65.

PNB Housing Finance Share Price

924.40 31.15 (3.49%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
LIC Housing Finance	540.05
Housing & Urban Dev.	197.00
Bajaj Housing Financ	91.83
Piramal Finance	1673.65
PNB Housing Finance	924.40
View more..

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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.

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US markets end higher on Tuesday

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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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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: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 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.