The US markets ended higher on Thursday as investors hoped for a Middle East peace deal on reports that an agreement between the US and Iran had been reached with Pakistani mediation and after Secretary of State Marco Rubio said there were ‘some good signs’ that a deal to end the war in Iran could be in sight. Traders took support with the Labor Department released a report showed the number of people claiming unemployment benefits in the US fell by 3,000 to 209,000 in the week ended May 16, aligned with market expectations of 210,000. In the meantime, continuing jobless claims, which are a proxy for outstanding unemployment, rose by 6,000 to 1,782,000, slightly under the expectations of 1,790,000. The results extended the period of stability since the declines in initial claims earlier this year, maintain the backdrop of a robust labor market and adding leeway for the Fed to remain restrictive. However, gains remain capped as a report released by the Commerce Department showed US housing starts were down 2.8% month-on-month to a seasonally adjusted annual rate of 1.465 million in April 2026, compared to an upwardly revised 1.507 million in March which was the highest level since December 2024 and above forecasts of 1.41 million. The data suggest that high mortgage rates are weighing on builders. Single-family starts were down 9% to 0.93 million, while multi-family starts jumped 14.3% to 0.529 million.
Dow Jones Industrial Average was up by 276.31 points or 0.55 percent to 50,285.66, Nasdaq increased 22.73 points or 0.09 percent to 26,293.09 and S&P 500 rose 12.75 points or 0.17 percent to 7,445.72.
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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.
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.
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Name of the IA registered
with SEBI: |
The Alchemists Ark Pvt. Ltd. |
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Logo:
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Trade/Brand
Name of IA: |
MoneyWorks4Me Investment Advisers |
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Brand Logo:
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SEBI Registration Number:
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INA000013323 Validity – May 16, 2019 – Perpetual |
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Registration:
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Non-Individual |
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BSE Enlistment No:
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1187 |
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Address:
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B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045 |
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Compliance Officer
Details: |
Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com |
Telephone: +919860359463 Address: Same as IA |
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Grievance Officer
Details: |
Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com |
Telephone: +919860919463 Address: Same as IA |
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Principal Officer
Details: |
Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com |
Telephone: +919175899463 Address: Same as IA |
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Standard Warning:
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Investment in securities market are subject to market risks. Read all the related documents carefully before investing. |
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Disclaimer:
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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. |
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